Waterford and Maverick Hotels Merge for Future Growth

In a significant move for the hospitality industry, Waterford Hotel Group, a premier hospitality management company, and Maverick Hotels & Restaurants, a nationally recognized hotel developer and operator, have announced a strategic merger. This partnership aims to accelerate growth, strengthen operational efficiencies, and deliver long-term value for hotel owners, investors, and guests. With the merger, the combined portfolio now exceeds 50 properties, firmly positioning the company among the leading hospitality management firms in the U.S.

A Milestone Achievement in Expansion

“This merger allows us to build on our collective achievements while unlocking even greater opportunities,” said Robert Habeeb, Founder and CEO of Maverick Hotels & Restaurants. “Waterford’s proven track record in hospitality management, combined with our shared commitment to excellence, makes this a powerful combination. We are well-positioned to expand our footprint, strengthen our competitive edge, and create greater value for owners and investors.”

The merger brings together two respected organizations with complementary strengths and shared ambitions to scale and innovate within the hospitality landscape.

A Diversified and Expansive Portfolio

Maverick Hotels & Restaurants brings a strong presence from New England to the Midwest, with a notable concentration of properties in Chicago. Waterford, on the other hand, has a solid foundation in the Eastern U.S., along with a steadily growing footprint in the South Central and Midwest regions.

The expanded portfolio includes:

• Full-service hotels
• Convention centers
• Boutique inns
• Premium Marriott- and Hilton-branded hotels
• Charming New England inns

This diversification further strengthens the combined company’s ability to serve varied guest segments and adapt to evolving market demands.

Strengthening Competitive Edge and Market Reach

With increased operational scale and geographic reach, the merged entity is better positioned to compete with top-tier hospitality management firms. The company is advancing an active development pipeline, focusing on:

• New acquisitions
• Management contracts
• Redevelopment projects in high-demand markets

Sharing his perspective on the merger, Robert Habeeb, Founder and CEO of Maverick Hotels & Restaurants, emphasized the value of the partnership: “This merger allows us to build on our collective achievements while unlocking even greater opportunities. Waterford’s proven track record in hospitality management, combined with our shared commitment to excellence, makes this a powerful combination. We are well-positioned to expand our footprint, strengthen our competitive edge, and create greater value for owners and investors.”

People-First Philosophy Drives the Future

Beyond operational and financial growth, the merger brings enhanced career development opportunities for associates across both companies. Waterford and Maverick share a people-first philosophy, underscoring the importance of engaged, well-trained teams in delivering exceptional guest experiences.

As the hospitality industry continues to evolve, the combined entity is well-equipped to navigate emerging trends and pursue sustained growth.