Business & Tech

StepStone Plaza Announces Hilton Cincinnati Netherlands Plaza Expansion

This expansion brings a third party management portfolio to 17 hotels.

From StepStone Hospitality: StepStone Hospitality, a premier hotel management company specializing in hotel, restaurant and renovation management, today announced the addition of the 561-guestroom, including 73 suites, Hilton Cincinnati Netherlands Plaza, bringing its third-party management portfolio to 17 hotels. The hotel is owned by Belvedere Corporation, a local Cincinnati real estate company that was purchased by Greg Power in 2014.

“We are excited to bring the StepStone Hospitality team on board,” Power stated. “Their operational expertise and hands-on approach will help maintain and improve guest experience and overall hotel performance in this iconic Cincinnati property.”

“The Hilton Cincinnati Netherlands Plaza is the second full-service Hilton addition to our rapidly expanding portfolio of third-party hotel management contracts we’ve announced over the past two months, and 2017 already is on track to be a strong year of growth for our company,” said Tom Russo, StepStone’s chief executive officer. “We continue to focus on opportunities for full- and select-service hotels, boutique and/or branded, in markets with barriers to new entry where we feel we can contribute meaningfully to the property’s bottom line.”

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