MENU TIMELINE Westmont started with one hotel in the Pacific Northwest. Over the years, it has owned and operated assets all across North America, Europe, Japan and Africa. This is how we grew up. 1970’S In Westmont’s infancy, we focused on acquiring individual assets with the help of friends, family and other limited partners. In the 70’s, we focused on opportunistic investments throughout the United States and Canada. The first branded property Westmont acquired was the Rodeway Inn in Beaumont. Westmont was granted its first Holiday Inn franchise in 1978. 1980’S Westmont established itself in Texas and opened its base in Houston in the early 80’s. With distress comes opportunity. The oil and financial crisis of the 80’s created acquisition opportunities for Westmont. This was around the time that “vulture funds” were established to cater to investments in distressed assets. Westmont was able to partner with major financial institutions which allowed us to invest in larger assets, portfolios and grow internationally. Institutional Partnerships Westmont’s earliest partnership was with Goldman Sachs and other US-based institutions. Westmont invested alongside these financial institutions and managed the operations of the assets. Westmont became the largest operating partner of Goldman Sachs’ Whitehall funds and acquired more than $2 Billion of real estate assets worldwide. Strong relationships with leading hotel brands In addition to building a stellar operations management team, Westmont created strong relationships with the World’s leading hotel brands. 1990’S At the end of the 80’s and the beginning of the 90’s, Westmont grew into Europe. During the 90’s, Westmont invested in almost every major country in Europe. It also expanded its relationships globally with the largest international hotel brands and became the largest franchisee of IHG worldwide. As Westmont established itself further across Europe, we developed relationships with existing and new capital partners. 2000’S After growing into Europe, in order for Westmont to be a global player, we started making investments in Asia with a primary focus in Japan. Real Estate Investment Trust From various acquisitions of private assets and publicly owned companies, Westmont accumulated significant assets to create a REIT listed on the Toronto stock exchange. InnVest was created in 2003 and became the largest hospitality REIT in Canada. The REIT was sponsored by Westmont and Whitehall funds with Goldman Sachs. 2010’S In 2015, Westmont started acquiring assets in Africa. Continued Growth Westmont continues to look for opportunities in the hospitality field in North America, Europe, Asia and Africa. To speak with our team about acquisition or disposal opportunities, please refer to our contact page. CONTACT US DISCLAIMER PRIVACY POLICY 2021 Westmont Hospitality Group - All Rights Reserved Web Design by Pixel Science