Darryl Schulte is a third-generation hotelier. Being an entrepreneur at heart, Darryl decided to build upon his family's knowledge of the hotel business and form the Schulte Hospitality Group with his father and brother in 1999. Since then, Schulte Hospitality has grown to encompass all aspects of hotel management, development and financing. Through Darryl's leadership and staunch commitment to the company's core values, he has successfully grown the company from its first management agreement in Detroit to 96 properties in 26 states, with current or past ownership interests in the vast majority of these properties. Darryl continues to lead Schulte Hospitality's growth and operates hotels for institutional partners including global private equity firms and publicly traded REITs, as well as its various independent owner and investor groups.
Darryl believes that the relationships he creates and nurtures are the company's most valuable asset. Prior to forming Schulte Hospitality Group, Darryl started his career in hospitality as general manager of various franchised hotels in California, Kansas, Missouri and Illinois. He quickly moved from hotel operations to hotel development, becoming a pre-opening, development and construction specialist wherein he worked closely with developers, general contractors, franchisors and financial institutions to ensure timely delivery of a quality finished product.
Darryl's professional achievements include developing, acquiring and financing more than $2.5 billion in real estate transactions, the successful formation and sale of Summit Real Estate Group - a real estate investment company that developed over 4 million square feet of mixed-use space in the greater Chicago area from 2001 to 2006 - and the formation of joint ventures with Starwood Capital Group, which have acquired nearly 70 hotels and is active today in the hotel space. Darryl resides in Louisville, Kentucky, with his wife and five beautiful daughters. Darryl is a board member of Calvary Christian Center. Together with four others, Darryl has started an organization called Mission 1:27 to provide orphan care and adoption advocacy. Darryl has been recognized as General Manager of the Year in conjunction with the top 50 hotel companies in the United States.