The Days Inn Willoughby became the 700th hotel in the Days Inn chain and the Bilmar Beach Resort sits on 550 feet of beach front on Florida’s Gulf Coast.
In 1996, company becomes 40th largest owner of apartment units in the country according to National Multi Housing Council.

On the shores of Lake Erie on Cleveland’s Gold Coast is Marine Towers West, one of two Lakewood, Ohio high rise buildings acquired in the mid 1990’s.
Joy Anzalone begins as housekeeper at company-owned hotel property in Willoughby, Ohio. Joy quickly distinguishes herself and is promoted to general manager. Joy works closely with William Risman who serves as her mentor and gives her the motivation and inspiration to achieve. Joy eventually is put in charge of company’s hotel division, which owns and manages four company-branded Royal Inns (Toledo and Detroit) and her original hotel in Willoughby, which is converted to Days Inn.

Company enters new market when it broadens reach to Florida, purchasing small retail strip center then a large waterfront apartment community in St. Petersburg. Acquisitions continue through the ’80s into ’90s when company’s Florida apartment portfolio stretches from Ft. Myers to St. Petersburg / Clearwater, encompassing approximately 2,000 units in nine garden apartment complexes.

William’s second son, Rob G. Risman, after graduating from Tulane University, follows parents’ lead to the University of Miami in Coral Gales, Fla., graduating with law degree in 1984. After practicing real estate law in New York City, he returns to Cleveland in 1989 and works with William at company.

Company enters into joint venture agreement with Amerihost Properties Inc., a Chicago-based public company, to develop limited service hotels with 60 to 120 rooms in secondary markets in Midwest United States. Venture culminates in development of six new Days Inn hotels in Indiana, Ohio and Mississippi, and first Amerihost Inn in Indiana.

Rob G. Risman focuses initially on making needed changes to management company to improve quality of properties and service to the residents. This is accomplished by making changes in top management.

Burton Carol 40th largest owner of apartment units in countryIn 1990, Rob adds director of management of Ohio apartment properties to Joy Anzalone’s role as director of hotels. Joy and Rob work hand in hand building Consolidated Management into new management organization that sets standard for industry in markets where company competes.

In 1995, Rob is promoted to president of Consolidated Management and Joy assumes role of chief operating officer in charge of all divisions: Ohio, Michigan, Florida, hotels and commercial properties.

In 1996, company started by William with a $5,000 loan from his father becomes 40th largest owner of apartment units in the country with 18,787 apartment units, according to National Multi Housing Council.