Sage Hospitality Resources is wise to the ways of luxurious lodgings. The company is a leading hotel developer and operator with about 60 properties in more than 25 states. Its portfolio includes full- and limited-service hotels operating under such banners as Marriott, Starwood, and Hilton; it also has independent properties such as Chicago's Essex Inn and The Oxford Hotel in Denver. In addition to its hotels business, the company has restaurant operations devoted to developing restaurants and lounges adjacent to its hotels in major urban locations. CEO Walter Isenberg and his business partner Zack Neumeyer started Sage Hospitality Resources in 1984.
Sage Hospitality Resources is organized by four strategically aligned business divisions. Its Premier & Lifestyle Hotel Division oversees luxury hotels in urban markets, while its Full & Select Hotel Division consists of properties primarily co-branded with Starwood, Marriott, and Hilton names that are located in secondary and tertiary markets. In addition, the company operates suburban hotels with limited services through its Select Service Hotels Division, and its Sage Restaurant Group operates original restaurant concepts within many Sage Hotels.
In addition to traditional hotel management services, the company conducts development and project management services related to design and construction. Such services include site assessment, the selection of architects and engineers, contract negotiations, cost analysis, and schedule management, among others. For its own acquisition and development projects, Sage Hospitality often seeks out historic buildings with at least 125,000 sq. feet of convertible space for hotel use. For example, its The Nines in Portland, Oregon opened in 2008, and is located on the top floors of the Meier & Frank building, a former department store – less