NAVIN DIMOND-LED STONEBRIDGE COS. ACQUIRES REAL HOSPITALITY GROUP

STONEBRIDGE COS. LLC, a Denver-based hotel management firm with a diverse portfolio of full-service, select-service, and extended-stay properties,
recently acquired Real Hospitality Group LLC, an Ocean City, Maryland-based hotel management company. Stonebridge is chaired and led by CEO Navin Dimond, while
RHG was founded and led by Ben Seidel, president and CEO.

Seidel will join Stonebridge as a principal and member of the board of directors, the companies said in a joint statement. However, the terms of the deal were
not disclosed.

“We’re thrilled to join forces with RHG as we embark on this next chapter of our evolution,” said Dimond. “The blending of these two companies will create a
dynamic, leading hotel management group that will drive innovation and create exciting growth opportunities for our team members.”