Crestline Hotels & Resorts, LLC traces its heritage as a management company to 2000, when its then-parent, Crestline Capital (NYSE: CLJ), acquired Durbin Companies and Stormont Trice Hospitality to create Crestline Hotels & Resorts as its hotel management company. In 2002, Crestline Capital was taken private pursuant to an agreement with Spanish-based Grupo Barceló. The new entity was named Barceló Crestline Corporation, and Crestline Hotels & Resorts remained the management company for its U.S.-based portfolio of hotels and resorts.
Over the next decade, Crestline continued as a driving influence in the hospitality industry, expanding its hospitality management portfolio to become one of the nation's largest and most successful hotel management companies.
During this period, Crestline also served as an incubator for several successful spinoffs. In 2007, Highland Hospitality (NYSE: HIH), a REIT formed by Barceló Crestline Corporation in 2003, was sold to JER. In 2006, Barceló Crestline formed Playa Hotels & Resorts to purchase and develop all-inclusive resorts in the Caribbean, and in 2010, Playa Hotels & Resorts was spun out to become an independent company with over $1.2 billion in assets.
Most recently, AR Capital, a private investment and asset management company, acquired the majority interest in Crestline Hotels & Resorts. Today Crestline is proud of its partnerships with some of the most prestigious hotel owners and developers across the United States. Crestline also enjoys favored status as a preferred management company for all of the major hospitality brands.