Waterford Hotel Group and Maverick Hotels & Restaurants have merged to enhance their market presence and drive growth. The combined company will manage over 50 properties across the US, including full-service hotels, boutique inns, convention centers, and Marriott and Hilton locations. This strategic move allows for expansion, acquisitions, and staff development opportunities.

Waterford Hotel Group chairman Len Wolman expressed excitement about surpassing the goal of 50 hotels within two years. The merger with Maverick will strengthen performance, expand recognition, and fuel long-term growth. The joint entity plans to pursue new management contracts, acquisitions, and redevelopment projects in key markets, capitalizing on an active development pipeline.

Maverick Hotels & Restaurants founder Robert Habeeb highlighted the shared commitment to excellence between the two companies. The merger aims to build on collective achievements, strengthen competitive edge, and create greater value for owners and investors. Waterford recently added Maison Dupuy Hotel in New Orleans and Sheraton Flowood The Refuge Hotel & Conference Center in Mississippi to its US portfolio.

The strategic merger of Waterford and Maverick was originally reported by Hotel Management Network. The companies aim to strengthen their market position and expand their footprint through this collaboration. It is a significant step towards growth and success in the hospitality management sector.

Read more at Yahoo Finance: Waterford and Maverick strengthen market position with strategic merger