Montage Hotels & Resorts has announced the creation of a new parent company brand, Montage International, to encompass the company's portfolio including: Montage Hotels & Resorts, Pendry Hotels, Montage Residences and all other operations previously managed under the Montage Hotels & Resorts brand name. Founder, Chairman and CEO Alan J. Fuerstman will retain his title and position under the new Montage International brand.
Montage Hotels & Resorts, a luxury hospitality management company, has grown significantly since its inception in 2002, launching five Montage hotels over the last 15 years, and will debut their second brand, Pendry Hotels, opening in San Diego and Baltimore in early 2017. With the Montage brand expanding internationally in 2018 with the opening of Montage Los Cabos in Los Cabos, Mexico, and with forthcoming announcements for both the Montage and Pendry brands in 2017, the company said the new parent company brand will help streamline communications and development activities around their growing family of brands.
With annual revenues expected to exceed $400 million in 2017, and oversight of the $1 billion Montage Residences portfolio, Montage International said it plans to expand to 12-15 properties by 2020.