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TQP Capital principal joins Hostmark Hospitality as minority partner

Thomas Prins, principal of hotel real estate private equity firm TQP Capital Partners, joined third-party hotel management company Hostmark Hospitality Group Inc. as a minority partner.

Financial terms of the deal were not disclosed.

The two companies will become affiliated, effective immediately.

Prins will be responsible for new business development on behalf of Hostmark and TQP, according to a release.

Hostmark manages a range of hotels worldwide, working with brands like Marriott International Inc., Wyndham Hotels & Resorts and others.