StepStone Hospitality Expands Portfolio

December 10, 2021

PROVIDENCE, RI–Rhode Island-based StepStone Hospitality, a hotel management company, announces that earlier this year it was awarded the management of The Embassy Suites by Hilton Bloomington/Minneapolis and Sheraton Boston Needham.

The Embassy Suites Bloomington/Minneapolis Hotel, a 232-room all suite property, features a modernized atrium and meeting spaces as well as recently refreshed guest suites.

“The Embassy Suites by Hilton Bloomington/Minneapolis is a great addition to our portfolio,” said Tom Russo, StepStone’s Founder and Executive Chairman. “The property is ideally located to capture leisure, corporate, group and social demand as business levels return in the market.”

“Our team is focused on maximizing asset value through our revenue generation, guest satisfaction, and expense control procedures,” said Blair Wills, StepStone’s President and Chief Executive Officer.  “We appreciate the opportunity and look forward to building a strong future for the Embassy Suites by Hilton Bloomington/Minneapolis.”

The Sheraton Boston Needham Hotel, a 247-room full-service hotel, is located in Needham, Massachusetts. The hotel reopened in May 2021 and is now undergoing a renovation. It is poised to re-emerge as a sought-after destination for corporate, social, education, and sporting groups, as well as business and leisure travelers. Function facilities at the hotel comprise 18,751 square feet of flexible meeting space, including two ballrooms that can accommodate events for up to 600 people and are equipped for hybrid meetings.

“We are excited to continue to expand our portfolio with the addition of the Sheraton Boston Needham Hotel,” said Tom Russo, Founder and Executive Chairman of StepStone Hospitality. “We look forward to working with ownership and the Sheraton brand to achieve the successes we have previously achieved in New England and the Boston area.”

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