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Hotel Operator Gets New Ownership

MEMPHIS-Several members of the Davidson Hotel Co. senior management team join with Bridgepoint Hospitality in acquiring the independent operator. The company will retain its name.

By Melissa Kress | Updated on May 10, 2006

MEMPHIS-The Davidson Hotel Co. is in new, but not unfamiliar, hands today. Senior management members and Bridgepoint Hospitality have bought the independent hotel operator from Chick Hill, who owned the company since 1990, for an undisclosed sum.

The company was not actively marketed; however, Hill approached the senior management team about acquiring Davidson Hotel when he decided to move on to new ventures. The key partners and officers in the new ownership are John A. Belden, president and CEO; Patrick F. Lupsha, chief operating officer; and Steven A. Margol, executive vice president-business development. Davidson Hotel will retain its name.

Bridgepoint Hospitality is Davidson’s key institutional investor. Bridgepoint is an investment vehicle formed specifically for hospitality management companies. Its largest investors are Nationwide and New York Life, according to a release from Davidson Hotel.

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