Paragon Hotel Company

What Paragon Hotel Company does

Paragon Hotel Company (PHC) is a privately held, vertically integrated hospitality real estate firm founded in 1995 by Ricky Patel and headquartered in Anderson, South Carolina. The company invests in, develops, acquires, and manages a portfolio of more than 23 hotels comprising 2,600+ rooms across South Carolina, North Carolina, Georgia, Virginia, and Tennessee, operating under franchise agreements with Hilton Worldwide, Marriott International, InterContinental Hotels Group, Choice Hotels International, Carlson Rezidor Hotel Group, and Wyndham Worldwide. PHC's portfolio spans select-service, extended-stay, and full-service segments, with brands including Hampton Inn, Home2 Suites, Homewood Suites, Hilton Garden Inn, Tru by Hilton, Holiday Inn, Holiday Inn Express, Candlewood Suites, Residence Inn, Fairfield Inn & Suites, Comfort Suites, and Days Inn & Suites. The company also operates the ORNL Guest House, a LEED Gold-certified 47-room facility on behalf of the U.S. Department of Energy at Oak Ridge National Laboratory.

PHC generates revenue through three interconnected streams: (1) hotel management services for both internally owned and third-party owned properties, encompassing operations, sales and marketing, revenue management, asset management, accounting/finance, IT, and food and beverage; (2) hotel development and acquisitions, in which the company acts as developer, co-developer, or development team member, providing concept development, financial analysis, site selection, construction management, FF&E purchasing, and owner's representation; and (3) asset management and investment returns derived from co-investing equity alongside capital partners in each development. Ownership vehicles include AMD Hotel Group LLC, ATL Hotel Group LLC, and Ress Investment LLC, which hold and finance specific properties. Back-office operations run on industry-standard property management systems (Delphi, Opera, Springer Miller, Sales Pro) and a centralized web-based ASP financial reporting platform with 24-hour remote access for performance monitoring across the portfolio.

The go-to-market motion combines direct sales and franchise brand distribution: PHC's Directors of Sales at each property pursue local and regional corporate and group business, while bookings are predominantly captured through each franchise brand's global reservation system, loyalty program, GDS, and direct channels. The company is led by Ricky Patel as Chairman and Mitesh Patel (joined 2005) as President, who has more than tripled the portfolio during his tenure. Notable recognition includes two IHG Holiday Inn Express Developer of the Year awards (2016, 2019), Hilton's Conrad Achievement Award (Hampton Inn Easley ranked #23 of 1,326 worldwide), and an IHG Torchbearer Award. The company has remained family-controlled with no disclosed institutional equity ownership.

Name

Paragon Hotel Company

Legal name

Paragon Hotel Company

Website

https://phc-hotels.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

Paragon Hotel Company is a privately held, vertically integrated hospitality firm that develops, acquires, and manages 23+ hotels (2,600+ rooms) under Hilton, Marriott, IHG, Choice, Carlson, and Wyndham franchises across five southeastern U.S. states.

Ownership category

akta.pro rank

Product category

Hotel Management Services

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

Keywords

• Hotel management services
• Hospitality development
• Hotel investment partnerships
• Hotel acquisitions
• Franchise hotel operations

Headquarters

HQ city

Anderson

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Hotel Management Fees: PHC earns management fees for operating hotels on behalf of property owners and investors, providing centralized back-office accounting, financial reporting, payroll, purchasing, sales and marketing, and revenue management services.
2. Hotel Development and Acquisitions: PHC generates revenue through developing new hotels and acquiring/trurning around troubled properties. The company acts as developer, co-developer, or development team member, providing concept development, financial analysis, site selection, land acquisition, governmental approvals, construction management, FF&E purchasing, and owner's representation.
3. Asset Management and Investment Returns: PHC creates value for investment partners through asset management strategies that achieve premium market share and investment returns. PHC makes co-investments in hotel developments, maintaining equity stakes alongside capital partners to deliver long-term profitability.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Paragon Hotel Company invests in, develops, acquires, and manages franchised limited-service and select-service hotels across the southeastern United States. It provides full-service third-party hotel management, equity co-investment partnership opportunities for outside investors, and ground-up hotel development and acquisition services under franchise brands such as Hilton, Marriott, IHG, Choice, Carlson, and Wyndham.

Product overview

Paragon Hotel Company operates as a vertically integrated hotel management and development company that owns and manages a portfolio of hotels across multiple franchise brands. The company offers three core service lines: Hotel Management Services (encompassing operations, sales/marketing, revenue management, asset management, accounting/finance, IT, and food & beverage), Investment Services (focused on hotel development for long-term profitability), and Development/Acquisitions (spanning concept development through hotel opening). Their managed hotel portfolio includes properties under Hampton Inn, Holiday Inn, Holiday Inn Express, Home2 Suites by Hilton, Homewood Suites, Hilton Garden Inn, Residence Inn by Marriott, Tru by Hilton, Candlewood Suites, Fairfield Inn & Suites, Days Inn & Suites, and Comfort Suites brands across Hilton Worldwide, Marriott International, InterContinental Hotels Group, Choice Hotels International, Carlson Rezidor Hotel Group, and Wyndham Worldwide franchises.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Management Services
• Hotel Investment / Co-Investment Partnerships
• Hotel Development and Acquisitions
• Hampton Inn Anderson / Hampton Inn portfolio properties
• Holiday Inn Express / Holiday Inn portfolio properties
• Comfort Inn & Suites / Sleep Inn / Quality Inn / Suburban Extended Stay portfolio properties
• Country Inn & Suites portfolio properties
• Baymont Inn & Suites / Ramada Limited / Days Inn portfolio properties
• Candlewood Suites / Hawthorn Suites / Park Inn portfolio properties

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Steve TimmonscoreStrategic or Co-development Partner · 11 August 2018Steve Timmons, a real estate developer with 30+ years of experience in the Greenville market, partnered with Paragon Hotel Company and Anderson city/county officials for the $12 million downtown Anderson Home2 Suites development. Timmons has also helped develop townhomes near Anderson University and a subdivision in Anderson.
• Coleman-Adams Construction Inc.minorImplementation/ SI/ Consulting Partner · 21 April 2016Coleman-Adams Construction Inc. (established 1971) was selected as general contractor for PHC's Homewood Suites Lynchburg VA development. The firm has roots going back five generations and is one of the oldest construction firms in central Virginia and a member of the Lynchburg Business Alliance.
• Airport Developments LLC (Hotel Evolution Inc.)minorStrategic or Co-development Partner · 5 December 2014Airport Developments LLC, a subsidiary of Hotel Evolution Inc., sold the Hilton Garden Inn Atlanta Airport North to ATL Hotel Group LLC. The deal involved no brokers and valued the 174-room hotel at $26 million.
• Workman CorpminorImplementation/ SI/ Consulting Partner · 2 November 2012Workman Corp served as general contractor for the $1.2 million headquarters renovation at 109 Destination Blvd, transforming the former Boater's World building into PHC's corporate office.
• Matrix ConstructionminorImplementation/ SI/ Consulting PartnerMatrix Construction of Anderson SC was selected as the contractor for the 86-room Holiday Inn Express & Suites Greenwood SC development.

Scale indicators5 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• MCR Hotels: One of the largest privately-held hotel management companies in the U.S., operating select-service and lifestyle hotels under major franchise brands. Comparable as a private, family-controlled third-party manager pursuing development and acquisition.
• Crescent Hotels & Resorts: Third-party hotel management and investment firm operating owned, managed, and franchised properties. Similar business model of management contracts plus ownership with major franchise brands (Hilton, Marriott, IHG).
• Concord Hospitality: Mid-size third-party hotel manager and developer with a portfolio of select-service and full-service hotels under major franchise brands. Operates a similar vertically integrated development/ownership/management model in the eastern U.S.
• Pyramid Hotel Group: Boston-based third-party hotel management company operating a portfolio of owned, managed, and franchised properties across the U.S. Operates in a similar asset-light management model with similar brand mix and asset-light plus co-investment approach.
• Hospitality America: Southeastern U.S. third-party hotel management company. Directly comparable as a regional select-service manager — PHC's VP Ross Wagers previously served as VP of Operations at Hospitality America, evidencing direct competitive overlap.

Broad incumbents

• Aimbridge Hospitality: Largest third-party hotel management company in North America. Operates a substantially larger portfolio across full-service, select-service, and resort segments — relevant as the dominant scaled player PHC competes against for franchise relationships and management contracts.
• Highgate Hotels: Major hospitality management, investment, and development company with hundreds of properties under global brands. Comparable as a vertically integrated owner/operator, but at materially larger scale across luxury, full-service, and select-service segments.
• Sage Hospitality Group: Denver-based hotel owner, operator, and developer with a portfolio spanning full-service, select-service, and lifestyle brands. Similar vertically integrated model with Marriott, Hilton, and IHG brand mix, though at larger scale and broader geography.
• Columbia Sussex: Private hotel ownership and management company operating full-service and select-service hotels under major franchise brands. Comparable as a private, founder-controlled owner/operator of franchised hotels, but at significantly larger scale.

Emerging players

• Driftwood Hospitality: Florida-based hotel ownership, development, and management company with a portfolio under major franchise brands. Comparable as a private owner/operator focused on select-service and full-service franchised hotels, primarily in the Southeast and Sun Belt.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/paragonhotelcompany
• LinkedInlinkedin.com/company/1687136

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paragon Hotel Company