Headquartered in Westmont, Illinois, Portfolio Hotels & Resorts was founded in 2005 by Executive Chairman Helmut Horn and CFO Graham Hershman. The two had previously created Coastal Hotel Group in 1985 and were responsible for managing luxury destination properties including the Highlands Inn, Carmel, California; Bitter End Yacht Club, Virgin Gorda, British Virgin Islands; Hotel Jerome, Aspen, Colorado; and Salish Lodge and Spa, Snoqualmie, Washington. While at Coastal, they also created the Hawthorne Suites brand in 1986. Their collective professional experience covers hotel management spanning the globe, including North America, the Caribbean, Europe, Asia and the Middle East.
In 2004, Horn and Hershman departed Coastal Hotel Group and focused on developing Portfolio Hotels & Resorts, rapidly growing to over a dozen hotels within the first 18 months. Today, this full-service hospitality management company includes a twelve-person corporate management team, all skilled and knowledgeable veterans in the hospitality industry, bringing expertise in operations, sales, marketing, revenue management, human resources, finance and technical services to the successful management of both franchised and independent hotels.