Thirty years ago, Fred Cerrone decided to turn his vision into reality by establishing Hotel Equities. Our Founder and Chairman was a former award-winning hotel general manager in his early 20's, and he used his knowledge of the industry to create a company that better served the needs of associates, guests and investors more efficiently. Today, Hotel Equities' portfolio exceeds 130 hotels located throughout the U.S. and Canada.
Hotel Equities is a trusted business partner, known for our ability to build equity and generate upside potential. We have a team of associates who appreciate our people-centric culture and are passionate about their work. In turn, this helps us build strong relationships that facilitate expansion, new construction and rebranding or re-use development. Satisfied guests frequently rave about our uncompromising service and they return for more. For all these reasons, we have received industry recognition for management and service excellence, year after year. Marriott International twice named Hotel Equities the recipient of its prestigious "Spirit to Serve Award" for community service. The award recognized the company's values as expressed through employee volunteerism & giving back to the communities they serve. Among other top brand recognitions, Hotel Equities is also the recipient of Hilton's Connie Award.
We understand the importance of smart investments and we know that our associates are our most valuable asset. That is why we developed a world-class hotel management training curriculum. We value the individual and reward diligence. The payback is undeniable, as Hotel Equities' turnover rate is lower than the industry average.