TCOR HOTEL PARTNERS

 

TCOR EXPERIENCE

 

TCOR KEY DIFFERENTIATORS

With frequent interaction with management companies, general manager, and director of sales at the hotel including site visits and monthly P&L review, we focus on increasing cash flows.​

We achieve this with our overall approach of property positioning and P&L maximization with appropriate cost/benefit decision making. After reviewing, TCOR Asset Management will offer recommendations for G.M. and Director of Sales.

TCOR Asset Management will participate in weekly revenue management calls to review pricing and implement strategy. 

 

We will focus on low cost distribution channels​ as well as stay pattern management and segmentation to maximize occupancy and rate

With our expense reduction plan, we work to ensure an optimal staffing plan, which includes aligning with efficient leading management companies that provides leverage in staffing and purchasing, etc.

We will also work to reduce costs with the vendors of the property.​

We will consistently review the capital needs to ensure quality. Reviewing the ROI on all investments and offering suggestions.

 

TCOR Asset Management also has a proactive capital program to minimize large expenditures and will provide feedback for PIP and Construction Management roles.

 

WHO WE ARE

We are a team of hotel executives with over 85 years of combined hotel investment experience. 

PRESIDENT & CEO

THOMAS J. CORCORAN

JOE CORCORAN

PRINCIPAL

Tel: 214.673.2856 

tcorcoran@tcorhp.com

Tel: 214.673.2856 

jcorcoran@tcorhp.com

PRINCIPAL

DEBRA FELDMAN

Tel: 240.461.7526 

dfeldman@tcorhp.com

JOSEPH GROSH

ASSOCIATE

Tel: 469.577.4030

jgrosh@tcorhp.com

 

TCOR PORTFOLIO

SPRINGHILL SUITES JACKSONVILLE

ACQUIRED DECEMBER 2019

4385 SOUTHSIDE BOULEVARD

JACKSONVILLE, FL 32216

T. 904.997.6650

WEBSITE

TOWNEPLACE SUITES BY MARRIOTT

DALLAS LEWISVILLE

ACQUIRED JANUARY 2018

731 E. VISTA RIDGE MALL DRIVE

LEWISVILLE, TX 75067

T. 972.459.1275

WEBSITE

HOLIDAY INN EXPRESS & SUITES Tampa -USF-Busch Gardens

ACQUIRED SEPTEMBER 2018

2807 E. BUSCH BLVD.

TAMPA, FL 33612

T. 813.936.8200

WEBSITE

EMBASSY SUITES BY HILTON BALTIMORE AT BWI AIRPORT

ACQUIRED FEBRUARY 2019

1300 CONCOURSE DRIVE

LINTHICUM, MA 21090, 

T: 410.850.0747

WEBSITE

 

TCOR PRESS

12/6/2019

New Remington CEO looks to grow third-party platform

DALLAS, TX — 

Ashford and Remington have been largely synonymous in the hotel industry for some time, so news that Ashford Inc. was officially purchasing the hotel management business of Remington Hotels in November wasn’t surprising, as it didn’t necessarily mark a sea change for either company.

But newly promoted Remington President and CEO Sloan Dean III said the deal actually will have the potentially surprising effect of making his company more independent from Ashford and, as a result, more interested in growing its portfolio of third-party management deals.

READ MORE... 

10/2/2019

Corcoran Awarded for Lifetime Achievement at Lodging Conference

PHOENIX, AZ — 

Thomas J. Corcoran Jr., president/CEO of TCOR Hotel Partners, has received the 2019 Above and Beyond Lifetime Achievement Award. The award was presented at The Lodging Conference on Sept. 24, here in Phoenix.

The Above and Beyond Lifetime Achievement Award recognizes an individual who has provided outstanding, life-long contributions to the hospitality industry. Corcoran is an experienced professional in the U.S. lodging industry, with 40 years as a senior hospitality executive. Corcoran is renowned as a founder/senior executive of FelCor Inc., a publicly-traded real estate investment trust focused exclusively on hotels.

READ MORE...

2/21/2019

Embassy Suites by Hilton Baltimore at BWI Airport Secures Financing

BALTIMORE, MD — Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged financing for the acquisition of Embassy Suites by Hilton Baltimore at BWI Airport, a 251-room, Hilton-branded, all-suite hotel near Baltimore/Washington International Thurgood Marshall Airport in the Baltimore-area community of Linthicum Heights, Maryland.

The HFF team worked on behalf of TCOR Hotel Partners (TCOR) to arrange a joint venture equity partnership with Dallas-based TriGate Capital, LLC. Additionally, working on behalf of the new partnership, the HFF team placed the five-year, fixed-rate loan with a local bank. Loan proceeds will be used to fund the acquisition of the hotel.

READ MORE...

7/27/2018

JV To Target Select Service And Extended-Stay Hotels

 

DALLAS, TX —With a focus on the acquisition of branded premium select service hotels, TCOR Hotel Partners and TriGate Capital LLC have formed an equity joint venture for $30 million. TCOR and TriGate signed a definitive agreement for its first acquisition expected to close in late August.

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7/25/2018

 

TCOR Hotel Partners Announces Equity Joint Venture With Trigate Capital

 

DALLAS, TX -  TCOR Hotel Partners (TCOR) is pleased to announce the formation of an equity joint venture with TriGate Capital, LLC (TriGate) for $30 million.  The venture will focus on the acquisition of branded premium select service hotels. In addition, TCOR will create value at the hotels by implementing property improvement plans, aggressively asset managing operating performance and engaging best in class third-party management companies.

 

READ MORE...

2/2/2018

Industry Honors Corcoran, Raises $580K for Shatterproof at ALIS

NEW YORK, NY—During the Americas Lodging Investment Summit, hospitality industry executives attended a reception to honor the first recipient of the Shatterproof Hospitality Hero Award—Thomas Corcoran, president & CEO, TCOR Hotel Partners.

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1/24/2018

Alex. Brown Realty Acquires TownePlace Suites by Marriott in Northwest Dallas

BALTIMORE--(BUSINESS WIRE)--Alex. Brown Realty, Inc. (ABR) and TCOR Hotel Partners (TCOR) have announced the acquisition of the TownePlace Suites by Marriott in Lewisville, Texas. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $4.4 million in the joint venture. Financing for the project will be provided by Inwood National Bank.

READ MORE...

 

 
OUR ADDRESS

4925 GREENVILLE AVE.

SUITE 1060

DALLAS, TX 75206 

(469) 577-4030

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