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What We’re Known For


Innovative: Unparalleled top line revenue optimization

Sophisticated: Operational excellence in lifestyle hotels

Bespoke: Tailored, property-specific management style

Altruistic: Hotels are the stars, we just hold the spotlight

May 2024:  

Hospitality Management Services was always dedicated to providing high-quality hotel management services that protected owner's assets and helped them achieve their business goals. For over thirty-six years, our team of experts with years of experience in the hospitality industry worked closely with our clients to create a customized management plan that met their needs. We were passionate about the hospitality industry and believed that our success was always deeply intertwined with the success of our clients.


Despite the change in asset ownership, the core values and commitment to excellence that have defined Hospitality Management Services for over thirty years remain unchanged. A. Paul Ruffino, the founder, liquidated all the assets (twenty-seven management contracts and three owned hotels) in October 2021 and continues his independent journey with HMS, of exploration in Hospitality and what the future holds.

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Investing in HMS's DMT Properties.

April 1, 2024 

A Delaware Statutory Trust is a real estate ownership structure where multiple investors each hold an undivided fractional interest in the holdings of the trust. The trust is established by a professional real estate company, referred to as a “DST sponsor”, who first identifies and acquires the real estate assets. As individuals invest, their investments displace the capital used by the DST sponsor to acquire the property until it is eventually wholly owned by the investors.


Investors own a beneficial interest in the trust. This means that investors hold a percentage of the ownership, and no single owner can claim exclusive ownership over any specific aspect of the real estate.

Nearly all commercial real estate property types are held as DST properties.  DST real estate is typically comprised of institutional-grade assets with competitive income potential. Due to the large purchase price of typically $30 million to $100 million, these assets would otherwise be unattainable for a typical individual investor, but are accessible through the fractional ownership offered by a DST.

A 1031 Exchange, named for Section 1031 of the U.S. Internal Revenue Code, is a transaction approved by the IRS that allows real estate investors to defer the tax liability or capital gains taxes on the sale of investment property. DSTs are considered direct property ownership for tax purposes, and as such, they are eligible for tax-deferred 1031 Exchanges. 

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