DALLAS – (COMMERCIAL THREAD) – 5G LLC is delighted to announce an exclusive multi-year marketing agreement with Tharaldson Hospitality Management, an operator of award-winning business class hotels, which will facilitate the potential installation of 5G cell sites on the rooftops of Tharaldson Hospitality properties Management. Through the deal with 5G LLC, Tharaldson Hospitality Management seeks to bolster the value of its rooftop portfolio by turning dead space on its urban and suburban rooftops into revenue. 5G LLC sees Tharaldson Hospitality Management as an ideal solution for placing 5G equipment on site, generating significant real estate income without capital expenditure. The 5G solution could result in the generation of large volumes of additional rents, creating significant capped value without cluttering buildings while providing state-of-the-art equipment to tenants and communities of Tharaldson Hospitality Management.
Aimee Fyke, COO of Tharaldson Hospitality Management, said, âTharaldson Hospitality is delighted to partner with 5G LLC to identify potential hotel sites that could host 5G cell phone towers. 5G networks are in high demand and the additional revenue stream we could achieve through this partnership is exciting!
âWe are excited to partner with Tharaldson Hospitality and bring 5G connectivity to as many of their assets as possible. They have a unique portfolio of hotels in 19 states that we know different 5G vendors will be very interested in reviewing, âsaid Jason Lind, executive vice president of 5G LLC.
5G LLC ‘rooftops’ allow operators to rapidly deploy and scale the latest technology to meet the dramatic increase in demand for required cell sites. The rooftop opportunity now exists as the physics of 5G requires 5x cell site density and allows for lower cell antenna heights, making commercial real estate an ideal “cell tower” site. In addition, 5G offers the opportunity to ensure the availability of equipment that is quickly becoming an absolute necessity for commercial tenants. 5G promises more connected devices, faster speeds, and highly resilient service levels that are driving new business sectors such as connected vehicles, healthcare, gadgets, and public transportation. 5G LLC’s executive carrier and high-tech relationships offer Tharaldson Hospitality Management the potential to become an immediate launch pad for carrier’s nationwide deployments.
About Tharaldson Hospitality Management
Tharaldson Hospitality Management LLC operates a portfolio of award-winning business class hotels under franchise licensing agreements with Marriott International, Hilton Hotels & Resorts, Intercontinental Hotels Group and Hyatt Hotels Corporation. Their objective is to maximize the operational quality and financial performance of their hotels, increase their market share and improve the performance of their hotels through the constant search for higher levels of quality, efficiency and service. THM currently operates 79 hotels in 19 states. For more information visit tharaldsonhm.com.
About 5G LLC
5G LLC bridges the gap between institutional and corporate owners of commercial real estate portfolios and technology providers, including wireless operators, with cutting-edge solutions and services. 5G LLC’s mission is to work closely with the CRE environment and technology providers to deliver substantial new rent volume, cost savings and amenity benefits resulting in higher NOI and capped value. without capital expenditure for property owners. To find out more, visit www.5gllc.net and follow 5G LLC on LinkedIn.