OAKLAND, CA—Hotel management specialist PM Hospitality Strategies, plans to expand its West Coast presence with the addition of a management contract to operate the Homewood Suites by Hilton Oakland Waterfront. The property brings to four the number of hotels that the company manages or asset manages on the West Coast.

“Our management team has extensive experience operating and developing properties on the West Coast,” said Joseph Bojanowski, PMHS president. “This new contract marks a major new commitment for PMHS to expand our West Coast managed portfolio. This hotel also brings another new institutional investor to our portfolio, a key component of our growth. We now represent seven institutional investors and seek to add several more by year-end.”

Bojanowski said that PMHS has a proven track record in operating the Homewood Suites brand, with this hotel being the fifth Homewood in the company's current management portfolio. “The San Francisco Bay area has rebounded strongly from the recession,” he noted. “We will oversee a modest refresh of the property, primarily soft goods upgrades, and will aggressively increase average daily rate to enhance the profitability of this well-located hotel.”