Punta Gorda, FL -May 2023 – Edgecap Partners II LLC, an affiliate of Edgewater Group LLC (“Edgewater”) is pleased to announce The Wyvern Hotel (“Wyvern”) located in Punta Gorda, FL has received the distinguished “Always Ascend Best Renovation of the Year Award”. The Wyvern Hotel is owned by Wyvern Hospitality LLC, a subsidiary of Edgewater Valley Forge Fund II LP (“Fund”) and is managed by Sunbelt Asset Management (LLC). The Wyvern is part of the Ascend Hotel Collection by Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors.
“The Always Ascend Best Renovation of the Year Award” is annually presented to a hotel that is considered to have completed the best opening, major renovation, or conversion during the past year. This includes guest rooms, overall interior/exterior appeal, special or unique design, attention to detail, and demonstrated effective planning and coordination with Ascend Hotel Collection Openings teams.
“The Wyvern Hotel represents the best of Ascend and its unparalleled upscale experience by having the Perch360 a rooftop bar & restaurant, with scenic water views, along with 88Keys Piano bar & restaurant, that are favorites with local residents while also being deeply engaged and embedded into the fabric of the community,” said Frank Ceresoli, Regional Manager.
Located at 101 East Retta Esplanade, the Wyvern Hotel offers a chic boutique experience in Florida’s Gulf Coast region, featuring European-inspired decor and upscale amenities, including a Perch360 rooftop lounge and a heated rooftop pool overlooking the picturesque waters of Charlotte Harbor. The hotel is just a 15-minute walk from downtown, which features a variety of shopping, dining, and entertainment options, with Englewood Beach only a 30-minute drive away.
“We’re honored to win the ‘Always Ascend Renovation of the Year Award’ for our efforts to undertake accretive inspiring renovations for this asset. This property opened in 2008 and was in need of renovation to build and improve the guest experience. The current renovation enables the Wyvern Hotel to continue to maintain its exclusive boutique, and upscale, experience for our guests,” said Ketan Vora, founding partner, of Edgewater Group.
“We are honored to have the Wyvern Hotel in our collection of historic, boutique, and resort properties,” said Regina Richardson, head of Ascend Hotel Collection. “The recent renovations have not only elevated the physical appearance, it’s enhanced the total guest experience to provide memorable stays for guests traveling to Punta Gorda.”
The Ascend Hotel Collection has over 330 hotels open and in the pipeline globally and has been an industry leader in the soft brand space of the hospitality industry for 15 years.
Guests staying at any Ascend Hotel Collection property can participate in the award-winning Choice Privileges loyalty program and use the Choice Privileges Mastercard or Choice Privileges Select Mastercard to gain enhanced rewards and benefits through the Choice co-branded credit card program. Choice Privileges membership is free and offers fast rewards and exclusive member rates for those who book directly at www.choicehotels.com.
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Ascend Hotel Collection®: Let the Destination Reach You.
The Ascend Hotel Collection’s global portfolio of independent resort, historic and boutique hotels is part of Choice Hotels, one of the world’s largest leading hotel companies. Recognized as the hotel industry’s first “soft brand” concept, there are over 300 Ascend Hotel Collection properties worldwide as of June 30, 2021, including in France, the United Kingdom, Denmark, Finland, Ireland, Norway, Spain, Sweden, Turkey, Australia, Canada, Ecuador, and throughout Mexico, the Caribbean and Central America. Membership with the Ascend Hotel Collection enables distinctive, independent properties to gain a global presence while maintaining their local charm. For more information, visit www.choicehotels.com/ascend.
About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. A challenger in the upscale segment and a leader in midscale and extended stay, Choice® has nearly 7,500 hotels, representing almost 630,000 rooms, in 47 countries and territories. A diverse portfolio of 22 brands that run the gamut from full-service, upper upscale properties to midscale, extended stay, and economy enables Choice® to meet travelers’ needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® loyalty program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit www.choicehotels.com.
Since its formation in 2008, Edgewater has grown into a multidisciplinary real estate Firm that provides advisory, management and value-add investment services. Edgewater’s unique focus is on the secondary and tertiary markets. Edgewater’s representative clients include Federal and State Courts, lenders, investors, and micro and middle market companies. Edgewater services include, but are not limited to receiverships, restructuring, turnarounds, mergers and acquisitions and equity and debt capital placement. For more information, please visit https://www.edgewatergrpllc.com.