Pell City, Alabama (May. 7, 2014) — JREA Management announced today they were awarded the management contract for the Holiday Inn Express & Suites Pell City and the Hampton Inn Pell City. Jacobs Real Estate Advisors, the parent company of JREA Management will work cohesively to ensure that the Pell City Portfolio remains the first-rate properties in the area.
At the Pell City Properties, Director of Hotels, Tom French is working alongside current staff to ensure that the JREA Management value added philosophy is embodied. With the current management team, led by Nancy Gerety, the JREA Management approach will ensure that the Pell City, Alabama properties are the best leading hotels in the area.
Tom and the JREA Management team will be playing a leading role in a reinvestment focused on guest rooms and guest areas. The portfolio will go through a million dollar renovation in the coming months under the direction of the management company. The update to rooms and guest areas will ensure the hotels continue to impress guests. Upon completion, guests will experience a modern, inviting first floor with interactive, communal spaces for conducting business, socializing or enjoying a drink or meal.
“I am excited to add these hotels to our real estate portfolio and management company,” Sholom Jacobs, CEO and Founder at JREA Management said. “These properties are premium properties and to know we can add value here is a great feeling. We have had great success over the past eighteen months with hotels throughout the country, so purchasing properties in an area we are familiar with was a great next play for us.”
The portfolio is conveniently located adjacent to Alabama State Route 20. The area is best known for its Talladega Superspeedway “Dega” where 175,000 people gather biannually to watch the race. The area also boasts the Logan Martin Lake, Barber Motorsport’s Park and Museum and the Birmingham Race Course.
To learn more about JREA Management’s and Jacobs Real Estate Advisors newest hotel, visit our companies online at www.jreamanagement.com and www.jacobsrea.com. For reservations or to book your next group, contact the Holiday Inn Express & Suites Pell City at (205)884-0047 and the Hampton Inn Pell City at (205) 814-3000.
ABOUT JREA MANAGEMENT COMPANY
JREA Management, a boutique New York management company, is known for its portfolio of high-quality investment properties and active leadership. The company’s growing portfolio includes hotels and resort properties throughout the United States, including Florida, Texas, Colorado and now Alabama. The company is admired for its family values and commitment to the properties in the portfolio. JREA Management is the management arm of its sister company Jacobs Real Estate Advisors. JREA Management manages the all Jacobs Real Estate Advisors hospitality properties, this close relationship ensures that investors, employees, and the portfolio expectations are exceeded. These privately held companies have over a decade of investment and management experience, with the staffs experience spanning the last quarter century.