CNL Hotels & Resorts Selects Interstate to Manage the Claremont Resort & Spa
2005年8月2日 - 8:50AM
PRニュース・ワイアー (英語)
CNL Hotels & Resorts Selects Interstate to Manage the Claremont
Resort & Spa - Ownership and New Manager Committed to Raising
the Claremont to New Levels of Success - ORLANDO, Fla., Aug. 1
/PRNewswire/ -- CNL Hotels & Resorts, Inc., the nation's second
largest hotel real estate investment trust, and Interstate Hotels
& Resorts (NYSE:IHR), the nation's largest independent hotel
management company, jointly announced today that they had entered
into an agreement in which Interstate will manage the landmark
Claremont Resort & Spa in California. The Claremont Resort
& Spa marks the 24th hotel in the 100-property portfolio of CNL
Hotels & Resorts that is being managed by Interstate Hotels
& Resorts. "Interstate is a leading operator of premier
properties and we believe they will build upon the accomplishments
of our prior manager and raise the Claremont to new levels of
success," said Thomas J. Hutchison III, Chief Executive Officer of
CNL Hotels & Resorts. "We are pleased with the opportunity to
further our longstanding relationship with an experienced operator
in Interstate, who has demonstrated a successful track record with
destination resorts." Beyond the 24 properties managed for CNL
Hotels & Resorts, additional notable properties that are
currently managed by Interstate Hotels & Resorts include: South
Seas Resort in Captiva Island, Fla., The Charles Hotel in Harvard
Square in Cambridge, Mass., The Muse in New York, N.Y., The
Bishop's Lodge Resort & Spa in Santa Fe, N.M., and Laguna
Cliffs Marriott Resort & Spa in Dana Point, Calif. "We have an
extensive background in the San Francisco market and currently
operate five other hotels there," said Thomas F. Hewitt,
Interstate's chief executive officer. "We believe we can add
immediate value to this property through our proprietary operating
and marketing programs and high guest- oriented service philosophy.
We look forward to the opportunity to enhance this historic hotel's
results and to further build on our relationship with CNL."
Proclaimed by architect Frank Lloyd Wright as "one of the few
hotels in the world with warmth, character and charm," the
Claremont Resort & Spa has presided over the Berkeley hills
above San Francisco Bay since 1915. Inspired by Mediterranean
villas and grand Victorian seaside residences, the hotel is
surrounded by 22 acres of impeccably landscaped grounds. In
addition to 279 rooms and suites, this urban resort offers 25,000
square feet of function space incorporating two ballrooms and
stunning skyline views. Other key features include an acclaimed
20,000-square-foot spa, two swimming pools, 10 tennis courts and
California cuisine at Jordan's, the East Bay's only Four Diamond
restaurant. A number of capital improvements at the Claremont
Resort & Spa are planned, including exterior painting, pool
deck improvements, meeting space renovations and enhanced bedding
packages. About CNL Hotels & Resorts, Inc. CNL Hotels &
Resorts, Inc. owns one of the most distinctive portfolios in the
lodging industry. With a focus on luxury resorts and upper-upscale
properties, the company has nearly $6 billion in total assets with
100 hotels and resorts across North America that operate under
independent brands and corporate brands such as Marriott, Hilton
and Hyatt. For more information, please visit
http://www.cnlhotels.com/. About Interstate Hotels & Resorts
Interstate Hotels & Resorts operates more than 300 hospitality
properties with nearly 72,000 rooms in 41 states, the District of
Columbia, Canada, and Russia. BridgeStreet Worldwide, an Interstate
Hotels & Resorts' subsidiary, is one of the world's largest
corporate housing providers. BridgeStreet and its network of Global
Partners offer more than 8,700 corporate apartments located in 91
MSAs throughout the United States and internationally. For more
information about Interstate Hotels & Resorts, visit the
company's Web site: http://www.ihrco.com/. Safe Harbor Statement
This press release contains "forward-looking statements," within
the meaning of the federal securities laws and regulations, about
Interstate Hotels & Resorts and CNL Hotels & Resorts, Inc.
These forward-looking statements are based on current expectations,
estimates and projections about future events, including, but not
limited to, the future management of the Claremont Resort &
Spa. Except for historical information, the matters discussed in
this press release are forward-looking statements that are subject
to certain risks and uncertainties that could cause the actual
results to differ materially, including the volatility of the
national economy, economic conditions generally and the hotel and
real estate markets specifically, the aftermath of the war with
Iraq, international and geopolitical difficulties or health
concerns, governmental actions, legislative and regulatory changes,
availability of debt and equity capital, interest rates,
competition, weather conditions or natural disasters. Additional
risks are discussed in Interstate Hotels & Resorts' SEC filings
and CNL Hotels & Resorts, Inc.'s SEC filings, including their
annual reports on Form 10-K for the year ended December 31, 2004.
Interstate Hotels & Resorts and CNL Hotels & Resorts, Inc.
disclaim any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained
herein to reflect any change in their expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based. Although Interstate Hotels &
Resorts and CNL Hotels & Resorts, Inc. believe their current
expectations reflected in such forward- looking statements are
based upon reasonable assumptions, they can give no assurance that
expectations will be attained. DATASOURCE: CNL Hotels &
Resorts, Inc. CONTACT: Lauren Harris, Vice President, Marketing
& Communications of CNL Hospitality Corp, +1-407-650-1205; or
Melissa Thompson, Vice President, Corporate Communications of
Interstate Hotels & Resorts, +1-703-387-3377 Web site:
http://www.cnlonline.com/ http://www.cnlhotels.com/
http://www.ihrco.com/
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Interstate Hotels (NYSE:IHR)
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Interstate Hotels (NYSE:IHR)
過去 株価チャート
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