CSM Lodging, a division of CSM Corporation, now has a partnership with Garrison Investment Group for 10 hotels, a decision in CSM’s development strategy that further positions the company for future growth.
“We look forward to forging a mutually rewarding relationship with Garrison,” said Bob Micklash, President of CSM Lodging. “Our two companies are aligned well to help each other grow. The sale and ensuing management contract with Garrison gives us a solid platform by which to grow as a management company.”
The 10-hotel partnership, mainly in Minneapolis and Detroit, includes TownePlace Suites and SpringHill Suites, all well maintained and in sought-after locations. With the sale of the properties, CSM Lodging recapitalizes its portfolio, allowing the company the opportunity to reinvest and strategically reposition for future growth.