PM Company acquires hotels in Parkersburg, Mineral Wells
VIENNA — The PM Company of Vienna recently announced its full acquisition of two area hotels.
The Hampton Inn & Suites in Parkersburg and the Holiday Inn Express in Mineral Wells are now completely owned and managed by The PM Company.
The acquisitions were completed June 1.
PMC has been a partner in the Hampton Inn since 2014, and the Holiday Inn Express since 2007. Company officials said the opportunity came up to purchase, and it was a good business decision to own the local properties.
“We are excited to work more directly with these hotels,” said Dan Van Dyke, Chief Financial Officer at PMC. ”We are impressed with their quality standards and professionalism, and what they bring to the hospitality industry in this area.
”We believe they fit perfectly into the PMC brand.”
According to Dan Van Dyke, both hotels have performed well and review of the numbers showed this was a positive move for PMC.
Plans are in place to keep the current staff in place at each hotel and continue to offer the same great level of service as before, he added.
Each hotel employees 30 people each, officials said.
Since 1980, The PM Company has served the community’s real estate development and management needs, according to the company’s website.
They currently hold nearly a million square feet in commercial and retail properties throughout the Mid-Ohio Valley, the website said..
The Holiday Inn Express & Suites is located at 80 Old Nicholette Rd, Mineral Wells. It has 86 rooms, free wifi, pool, free continental breakfast and more. Pam Helman is the General Manager.
Hampton Inn & Suites is located at 920 Emerson Avenue, Parkersburg. It has 100 rooms, free wifi, pool, free continental breakfast and more. Belinda Glodowski is the General Manager.
PMC also owns and operates Grand Pointe Conference and Reception Center in Vienna.
The organization is looking forward to offering full-service hospitality for area events, the press release said.