Milestone Hospitality Management

Milestone Hospitality Management is a premier full-service real estate development company specializing in the ownership and operation of hotel assets. With over 20 years of experience in the hotel industry, Milestone has developed a track record of unparalleled success. The company achieves superior investor returns through a daily commitment to providing exemplary guest service.

The company's mission is to maximize value for investors by expertly managing and marketing hotel properties. Milestone's management team has been involved in the acquisition and/or management of more than 125 hotels across the United States, with an aggregate value exceeding $1.5 billion.

Services Offered

Milestone provides a comprehensive suite of services that include property management, asset management, hotel receivership, and construction management.

• Property management: Acquisition, transition, disposition, construction and renovation, legal compliance, operations management, guest services, accounting, human resources, training, food and beverage, sales and marketing, property operations.
• Asset management and hotel receivership: Immediate action plans, staff and customer confidence restoration, best practices implementation, capital improvement reviews, franchise and vendor assessments, sales techniques, human resources reviews, court-related requirements.
• Construction management: Site selection, acquisition studies, property and environmental assessments, lender coordination, government compliance, permits, franchisor compliance, retail integration, architectural oversight, budget development, contractor selection, interior design, construction supervision, purchasing solutions, value engineering, project close-out.

Locations

Milestone's headquarters are located at 729 East Pratt Street, Suite 800, Baltimore, MD 21202.

The company operates in several locations, including:

• Greensboro, NC, managing the DoubleTree by Hilton Hotel Greensboro.
• Baltimore, MD, managing The Grand Baltimore.

Leadership Team

The leadership team includes CEO Mason W. Mednick who oversees development, financial underwriting, cash management, operational audits, investor relations, lender relations, tax and insurance program management, capital improvements, and special projects.

COO Glenn G. Schumaker II, Certified Hotel Administrator, joined Milestone in 2002 and has served in various roles such as General Manager and Corporate Vice President of Operations.

With a dedicated team of hospitality industry professionals, Milestone Hospitality Management continues to provide exceptional service and value to its investors and guests.