Search 16,544 current hospitality jobs

Thayer Lodging Group, Inc.

410 Severn Avenue
Suite 314
Annapolis, MD 21403

(410) 268-0515

Employer Profile

Company Description

Thayer Lodging Group, based in Annapolis, Maryland, is a venture capital operating company focused on investment in the lodging industry. The company serves a small group of institutional clients, sponsoring pooled investment funds and direct investment and advisory services.

Thayer's strategy to produce superior return is to drive operating results through a combination of repositioning assets, re-branding, changing management, and making capital investments in owned hotels. The company sets exceedingly high standards for property maintenance and upkeep, as well as housekeeping and hospitality. Its goal is to have each hotel become first or second choice within its competitive set. It does this by bringing superior operating knowledge and creatively investing in capital to improve its hotels, whether managed by Thayer or others. This results in superior top line and bottom line performance.

The company was formed in 1991 along with its first venture fund, the Lodging Opportunities Limited Partnership. This investment fund acquired eight properties including the Annapolis Marriott, Bethesda Residence Inn, Fort Lauderdale and Plymouth Meeting DoubleTree Guest Suites, three Residence Inns in the southwest, and the Richmond Embassy Suites. The Annapolis Marriott and Richmond Embassy Suites are managed by Thayer Lodging Group under franchise agreements with Marriott and Embassy Suites. The Bethesda Residence Inn is managed by Marriott and DoubleTree manages the Fort Lauderdale and Plymouth Meeting hotels. Investor's capital was largely returned with a significant refinancing in 1998.

The second fund, the Thayer Hotel Investors II Limited Partnership was launched in 1995, and acquired nine hotels, including DoubleTree Hotels in Fort Lauderdale, New Orleans, Chicago, Washington DC, and Somerset New Jersey. It also owns the Austin Crowne Plaza, Sheraton Suites Plantation in Florida, and the Maison DuPuy Hotel in New Orleans. The Maison DuPuy and its gourmet restaurant, Dominique's, are managed by Thayer as well as the Crowne Plaza, while the remainder of the portfolio is managed by DoubleTree, and Sheraton.

Thayer's first development fund, Thayer New Hotel Investors Limited Partnership, was formed to acquire newly developed, mid-market and limited service Marriott-branded hotels. The fund includes a 108 room Residence Inn in Columbia, Maryland, a Spring Hill Suites and Residence Inn in Andover, Massachusetts, a 157 Marriott Courtyard in Plymouth Meeting, PA, and finally, a 162 room Fairfield Inn in Ft. Lauderdale, Florida.

In 1999 Thayer acquired the Marriott Wardman Park Hotel, Washington D.C.'s largest hotel, with a newly formed limited liability company. The Marriott Wardman Park has 1,338 rooms, extensive meeting and exhibition facilities and is managed by Marriott International. It is one of the country's leading convention and large meeting hotels.

Thayer Hotel Investors III was formed in 2000 and acquired two hotels during 2001, the RIHGA Royal in New York City and the Grande Lakes Resort in Orlando.

Thayer is currently seeking acquisition opportunities for hotels that would benefit from the application of its repositioning strategies, including re-branding and capital improvements.

Company Statistics

Year founded

Property Portfolio

Types of properties we operate
Hotel, Resort, All Suite
Types of locations include
Resorts, Major Cities
We have properties located in
Arizona, District of Columbia, Florida, Illinois, Louisiana, Maryland, Massachusetts, Pennsylvania, Texas, Virginia
Portfolio summary
  • We are owners and operators with equity in 21 properties.
  • We operate a total of 5 properties.

About This Employer

Thayer Lodging Group, Inc.

410 Severn Avenue
Suite 314
Annapolis, MD 21403

(410) 268-0515

Corporate Office