Tharaldson Hospitality Management
Tharaldson Hospitality Management is a privately held hotel owner-operator founded in 1982 by Gary Tharaldson, operating 90+ franchised hotels under Hilton, Hyatt, IHG, and Marriott brands across 19 U.S. states.
- Company typePrivate
- Founded1982
- HeadquartersFargo, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Tharaldson Hospitality Management does
Tharaldson Hospitality Management (THM) is a privately held hotel owner-operator founded in 1982 by Gary Tharaldson with the purchase of a single property in Valley City, North Dakota. Today, the company develops and operates 90+ hotels across 19 U.S. states under franchise agreements with all four tier-one U.S. hospitality brands — Hilton, Hyatt, IHG, and Marriott — covering extended-stay (Residence Inn, Homewood Suites, Staybridge Suites, Home2 Suites), select-service (Hampton Inn, Fairfield Inn, Courtyard, Hyatt House, Hilton Garden Inn), and lifestyle segments (Element, Tru by Hilton). THM monetizes operations through room revenue, food and beverage, and ancillary hospitality services at owned and operated properties; distribution is intermediated by the franchisors' central reservation systems, brand loyalty programs, and OTAs. Active development projects include dual-brand builds in Cabazon, CA and Mesa, AZ, and the December 2025 opening of Element Las Vegas Airport.
The company's underlying technology is operational rather than proprietary: standard hotel property management, revenue management, and CRS capabilities are delivered through the franchise brand platforms. THM differentiates on development expertise (it has built prototype properties for Marriott and received Developer of the Year awards from both Marriott and Hilton), operating consistency (2025 awards include Homewood Suites General Manager of the Year and IHG Target Triumph), and a structured internal talent pipeline — the Manager in Training (MIT) program and Internship program — which has produced VPs and regional leaders promoted from housekeeping and front-desk entry points. The senior team is tenured and internally grown: COO Aimee Fyke (30+ years in lodging, ex-Marriott and Archon Hospitality) anchors operations, with VPs of Operations, Sales & Marketing, Revenue Management, Capital Improvement, and Legal Affairs filling out the C-suite.
THM sits within a broader Tharaldson family enterprise that includes Tharaldson Ethanol, a 153 million-gallon-per-year ethanol plant in North Dakota, and Tharaldson Investments, a real estate portfolio exceeding $1 billion in assets. The 2006 sale of 140 hotels to Whitehall Global Real Estate (Goldman Sachs) for approximately $1.25 billion reset the company from the largest privately held U.S. hotel operator into a leaner, refocused owner-operator that continues to expand its portfolio through new construction and selective acquisition.
Tharaldson Hospitality Management firmographics
Firmographics- Name
- Tharaldson Hospitality Management
- Legal name
- Tharaldson Hospitality Management
- Website
- https://tharaldson.com
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Tharaldson Hospitality Management is a privately held hotel owner-operator founded in 1982 by Gary Tharaldson, operating 90+ franchised hotels under Hilton, Hyatt, IHG, and Marriott brands across 19 U.S. states.
- Ownership category
- akta.pro rank
Tharaldson Hospitality Management industry classification
Industry- Product category
- Hotel Management & Hospitality Services
- NAICS
- Hotels (except Casino Hotels) and Motels (72111), Accommodation (721), Traveler Accommodation (7211)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)
- akta.pro primary industry
- Hospitality (Hotel) Property Management (BPAJAGAG)
- akta.pro secondary industry
- Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)
Keywords
Where Tharaldson Hospitality Management is headquartered
LocationHeadquarters
- HQ city
- Fargo
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tharaldson Hospitality Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Hotel Operations: Revenue generated from owning and operating hotels across franchise brands including Hilton, Hyatt, IHG, and Marriott. The company operates 90+ properties generating room revenue, food and beverage, and other hospitality services.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Tharaldson Hospitality Management product offering
Product offeringCore offering
Tharaldson Hospitality Management owns and operates a portfolio of 90+ hotels across 19 U.S. states under franchise agreements with major hospitality brands including Hilton, Hyatt, IHG, and Marriott. The company develops, acquires, and manages branded properties spanning extended-stay, select-service, and full-service segments, complemented by in-house management training and internship programs.
Product overview
Tharaldson Hospitality Management operates a diversified portfolio of 90+ hotels across the United States under four major franchise brands: Hilton (Homewood Suites, Hampton Inn & Suites, Hilton Garden Inn, Home2 Suites, Tru by Hilton), Hyatt (Hyatt House), IHG (Staybridge Suites, Candlewood Suites, Holiday Inn Express), and Marriott (Residence Inn, TownePlace Suites, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Element). The company, founded by Gary Tharaldson in 1982, provides hospitality services through owned and operated properties. Supporting the core hotel operations, the company offers Manager in Training (MIT) and Internship programs to develop future hospitality professionals. Several new hotel developments are under construction including dual-brand properties in Cabazon, CA and Mesa, AZ.
Differentiator
Problem solved
Functional benefit
Products and services
- Hilton Portfolio Hotels Hotels operated under Hilton franchise brands including Homewood Suites, Hampton Inn & Suites, Hilton Garden Inn, Home2 Suites by Hilton, and Tru by Hilton, spanning multiple U.S. states.
- Hyatt Portfolio Hotels Hotels operated under Hyatt brands including Hyatt House, serving guests in Tennessee markets such as Nashville and Franklin with extended-stay accommodations.
- IHG Portfolio Hotels Hotels operated under IHG brands including Staybridge Suites, Candlewood Suites, and Holiday Inn Express & Suites across Nevada, Ohio, California, and Tennessee.
- Marriott Portfolio Hotels Hotels operated under Marriott brands including Residence Inn, TownePlace Suites, Courtyard, SpringHill Suites, Fairfield Inn & Suites, and Element across multiple U.S. states.
- Element Las Vegas Airport A five-story, 118-room Element brand hotel opened in December 2025 at Town Square Las Vegas, developed by Tharaldson Hospitality Management.
- Hampton Inn & Suites and Home2 Suites by Hilton (Cabazon, CA) Dual-brand hotel development project in Cabazon, California combining Hampton Inn & Suites and Home2 Suites properties.
- Residence Inn by Marriott (Mesa, AZ) Upcoming hotel development project in Mesa, Arizona under the Residence Inn by Marriott brand.
- Home2 Suites by Hilton (Mesa, AZ) Upcoming extended-stay hotel development project in Mesa, Arizona under the Home2 Suites by Hilton brand.
- Manager in Training (MIT) Program A comprehensive training program designed to prepare candidates for management roles within the company, featuring personalized mentorship and exposure to company core values.
- Internship Program Provides students with practical experience in various hotel departments including front desk, housekeeping, and food and beverage, with a curriculum supporting career advancement in hospitality.
Quantifiable outcome
- Many regional and vice presidents began careers as entry-level managers or housekeepers, demonstrating commitment to internal advancement
Companies that use Tharaldson Hospitality Management
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Tharaldson Hospitality Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tharaldson Hospitality Management partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- HiltoncoreTHM operates hotels under Hilton franchise brands including Hilton Garden Inn, Homewood Suites, Hampton Inn & Suites, Home2 Suites, and Tru by Hilton. The company has received Developer of the Year awards from Hilton and Gary Tharaldson served on Homewood Suites Owners Advisory Council.
- Marriott InternationalcoreTHM operates hotels under Marriott franchise brands including Residence Inn, Fairfield Inn & Suites, Courtyard, TownePlace Suites, SpringHill Suites, and Element. THM developed prototype properties for Marriott and received Developer of the Year awards.
- IHG Hotels & ResortscoreTHM operates hotels under IHG franchise brands including Staybridge Suites, Candlewood Suites, and Holiday Inn Express. Staybridge Suites Phoenix - Chandler won the IHG 2025 Target Triumph award.
- HyattcoreTHM operates hotels under Hyatt brands including Hyatt House in Nashville and Franklin, Tennessee markets.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Tharaldson Hospitality Management competitors and assessment
Company assessmentDirect peers
- Highgate Hotels: Privately held hotel management, investment, and development company operating a large multi-brand portfolio across the U.S., directly comparable to THM in scale, franchise-brand mix, and owner-operator model.
- HEI Hotels & Resorts: Owner-operator of upper-upscale and select-service hotels under major franchised brands across the U.S., highly comparable to THM's owner-operator strategy and franchised brand portfolio.
- Aimbridge Hospitality: One of the largest independent hotel management and franchising companies in North America, operating across Hilton, Marriott, IHG, and Hyatt brands with a similarly broad third-party management and ownership model to THM.
- Sage Hospitality Group: Privately held hotel owner, operator, and developer with a portfolio across Hilton, Marriott, IHG, and independent brands; comparable to THM in franchised multi-brand operations and development activity.
- Westmont Hospitality Group: Large private hotel owner, operator, and franchisor with a U.S. franchised portfolio of select-service and extended-stay properties; comparable in scale, asset ownership, and brand-franchise strategy to THM.
- Peachtree Hotel Group: Private hotel investment, development, and management company focused on premium-branded select-service and extended-stay hotels, directly overlapping THM's franchised portfolio focus.
- Driftwood Hospitality: Private hotel ownership and management company operating full-service and select-service franchised properties across the U.S., comparable to THM in scale and owner-operator strategy.
- Interstate Hotels & Resorts: One of the largest U.S. third-party hotel management companies, operating franchised properties under major brands; closely aligned with THM's franchised portfolio and third-party management focus.
- Concord Hospitality Enterprises: Private hotel development, ownership, and management firm operating Hilton, Marriott, IHG, and Hyatt franchised properties; comparable in scale, brand mix, and developer/owner-operator profile to THM.
- Pyramid Hotel Group: Private hotel management and ownership company operating branded full-service, select-service, and extended-stay properties; directly comparable in third-party management model and franchise-brand mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Tharaldson Hospitality Management social profiles
Digital presenceTharaldson Hospitality Management compliance and trust
Trust signalCompliance1 record
Tharaldson Hospitality Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tharaldson Hospitality Management leadership team
Management profileNumber of profiles
Profiles8 records
Tharaldson Hospitality Management subsidiaries and ownership
Company hierarchySubsidiaries2 records
Tharaldson Hospitality Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tharaldson Hospitality Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tharaldson Hospitality Management
What does Tharaldson Hospitality Management do?
Tharaldson Hospitality Management owns and operates a portfolio of 90+ hotels across 19 U.S. states under franchise agreements with major hospitality brands including Hilton, Hyatt, IHG, and Marriott. The company develops, acquires, and manages branded properties spanning extended-stay, select-service, and full-service segments, complemented by in-house management training and internship programs.
Is Tharaldson Hospitality Management a public or private company?
Tharaldson Hospitality Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Tharaldson Hospitality Management founded?
Tharaldson Hospitality Management was founded in 1982. It employs 1,001 to 5,000 people.
Where is Tharaldson Hospitality Management based?
Tharaldson Hospitality Management is headquartered in Fargo, United States, in the North America region.
How does Tharaldson Hospitality Management make money?
One revenue line is on record: hotel Operations.
Who are Tharaldson Hospitality Management's main competitors?
Direct peers on record are Highgate Hotels, HEI Hotels & Resorts, Aimbridge Hospitality, Sage Hospitality Group, Westmont Hospitality Group, Peachtree Hotel Group, Driftwood Hospitality, Interstate Hotels & Resorts, Concord Hospitality Enterprises and Pyramid Hotel Group.
Does Tharaldson Hospitality Management have an API?
No public API is recorded for Tharaldson Hospitality Management.
What industry is Tharaldson Hospitality Management in?
Tharaldson Hospitality Management's product category is Hotel Management & Hospitality Services. Its primary akta.pro industry code is BPAJAGAG, Hospitality (Hotel) Property Management, with a secondary code of BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management. Its NAICS code is 72111 and its SIC code is 7000.