ZMC Hotels is a Hotel Management Company owned by California based Hall Equities Group. Hall Equities Group is a diversified private real estate investment and development company founded in 1962 with a portfolio of over 165 assets across sixteen states.
ZMC Hotels has its own storied history extending for more than forty years in the hospitality business, originally founded and headquartered in Duluth, Minnesota, by the long established and prominent Goldfine Family. In 2015, Hall Equities Group acquired the management company together with all twenty-nine company owned hotels. Previously owned Hall Equities Group hotels and third-party managed hotels have increased the portfolio to a total of thirty-four hotels across thirteen states. While ZMC Hotels still maintains a significant corporate presence in the Duluth metro area, the company headquarters has been moved to California, and regional offices are staffed in Duluth, Minnesota; Scottsdale, Arizona; and Lawrence, Kansas. These regional offices also include certain Hall Equities Group personnel.
ZMC Hotels has more than 1,100 employees dedicated to superior performance in the hospitality industry. Our management team includes deep experience in hotel operations, marketing and sales, revenue management, human resources, risk management, information technology, facilities and construction management, and purchasing. These skill sets are fortified by the added expertise of Hall Equities Group in accounting and treasury management, audit, capital markets, and project development.
Hall Equities Group is committed to growing ZMC Hotels into a significant national hotel management company. Third party management business, new single-asset and portfolio acquisitions, and new ground up hotel development projects are being actively pursued. Presently ZMC Hotels has twelve new hotel development projects in its development pipeline scheduled for completion in the near term.
See what makes ZMC Hotels a unique forward looking hospitality company.
ZMC Hotels operates hotels disbursed across a wide geographic area. Successful performance in markets which can be isolated from close corporate support require strong General Managers. We are proud of the caliber and quality of our localized hotel management teams. We are careful to select smart, independent, experienced and innovative leadership at the hotel level, and we delegate operational authority and responsibility to these powerhouse Managers.
More than just a Hotel Management Company
ZMC Hotels is an active and aggressive hotel developer and investor. With the help of our parent company, we are organizing hotel investments for private investors. We manage the acquisitions and new project developments, as well as the on-going operation of the investment. We have deep development expertise in multiple markets across the United States, and a robust Project Management team with experience in development entitlements, design, and construction.
A Focused Business Strategy
ZMC Hotels has a disciplined and focused hotel investment strategy. Select Service, Extended Stay, and select Private Label Boutique Hotels are our core emphasis. We seek institutional grade brands, unique high barrier markets, or those often overlooked by other larger hotel operators. We believe these types of assets perform better in the long run and entail a business model that is easier to implement cost reductions should revenues falter in an economic downturn. Further, we are on a mission in pursuit of the operational efficiencies and added expertise that comes with an expanding scale of business activity. We enjoy certain synergies with our parent and sister companies which can provide specialized and unique business opportunities for growth.