Hotel management, consulting and development firm R.A. Rauch & Associates announced Thursday it has quadrupled its number of properties under management and experienced a nearly five-fold increase in the number of managed rooms since the end of last year.
At the end of 2012, RAR had four properties under management with a total of 404 guestrooms representing $13.5 million in revenues. At present there are now 17 properties and 1,994 guestrooms under management with nearly $50 million in revenues.
After experiencing groundbreaking growth in 2013, the company expects to continue its upward trajectory in 2014.
RAR's operations stretch from San Diego to Tampa to Edmonton, Alberta with a mix of boutique properties and well-known branded assets including Hilton, IHG, and Choice Hotels. The company is also developing several branded properties in the USA and Canada that are expected to open in 2015 and 2016.
The management team is led by Robert Rauch, a hotel veteran with more than 35 years of hospitality-related management experience, Rauch is a faculty member at Arizona State University and has taught at San Diego universities as well.
Formed as a hotel consulting firm in 1990, RAR acquired its first hotel in 1997 and has since developed several hotels. The company's third-party management firm began in 2011