Interstate Hotels & Resorts Selected to Manage Hotel in Dublin, Ireland
2006年7月24日 - 10:58PM
PRニュース・ワイアー (英語)
Contract Expands Interstate's International Management Portfolio
ARLINGTON, Va., July 24 /PRNewswire-FirstCall/ -- Interstate Hotels
& Resorts (NYSE:IHR), the nation's largest independent hotel
management company, today announced that it has signed a long-term
contract to manage The Hotel Rath in Ashbourne, County Meath,
Ireland. Located within 15 minutes of Dublin International Airport,
the four-plus star hotel is owned by a local group of investors,
including John McCabe of McCabe Builders Ltd; Paddy Kelly, a
well-known local developer; and John Walsh, a private developer.
"This is the third country in Europe in which we operate a hotel,"
said Thomas F. Hewitt, Interstate chief executive officer.
"Combined with our BridgeStreet corporate housing division, which
has a presence in 13 European cities, we have a solid grasp of the
European lodging market. "We continue to seek expansion of our
operations in Europe and are stepping up our efforts there. We see
opportunities for first-class, full- service hotels -- those
affiliated with top-quality brands like Marriott, Starwood, IHG and
Hilton, which recently announced the international expansion of its
family of brands, as well as independent hotels and resorts."
Located in Ashbourne, Co Meath, north of Dublin, the 150-room
upscale hotel also will serve the nearby suburbs of Swords and
Rathoth and is a convenient meeting point for travelers from Derry
and Belfast. The full- service property features a concept
destination restaurant, Mystic, and a modern Irish Pub, RED; a
street cafe serving lighter fare; a wellness center, Clan; and
8,000 square feet of meeting space that can accommodate groups of
up to 350 people. The design of this building was of utmost
importance to McCabe Builders from the outset, due to its prominent
location on the junction of the N2/M2 North of Ashbourne and due to
its close proximity to the M50 and city centre. They, therefore,
set out to design and build what is a landmark building/meeting
point at Ashbourne in conjunction with HKR architects and MB
Designs of New York. McCabe Builders have completed similar
projects of this kind in Ireland -- The Plaza Hotel, The Arlington
Hotel and the Ardmore Hotel, to name a few. They also have designed
and built many residential, commercial, retail and industrial
projects since their establishment in 1975. Sean Worker, Interstate
EVP operations and development, noted that the hotel's food and
beverage area currently is being reconcepted. "Discussions are
under way with a world-class hotel brand that include plans for an
elegant new signature restaurant and modern entertainment zone
lounge. We view this property as 'the place to meet' in the North
Dublin corridor. And our generous meeting space will help us assume
a leadership position with the business meetings and weddings
markets, as well." As of June 30, 2006, Interstate Hotels &
Resorts operates 262 hospitality properties with more than 59,000
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 9,800 corporate apartments located in more than 95 MSAs
throughout the United States and internationally. For more
information about Interstate Hotels & Resorts, visit the
company's Web site: http://www.ihrco.com/. This press release
contains "forward-looking statements," within the meaning of the
Private Securities Litigation Reform Act of 1995, about Interstate
Hotels & Resorts, including those statements regarding future
operating results and the timing and composition of revenues, among
others, and statements containing words such as "expects,"
"believes" or "will," which indicate that those statements are
forward-looking, although not all forward- looking statements will
contain such words. 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, changes in business and leisure travel
patterns or levels, fuel cost, economic conditions generally and
the hotel and real estate markets specifically, international and
geopolitical instability, health concerns, threatened or actual
terrorist attacks, governmental actions, legislative and regulatory
changes, availability of debt and equity capital, interest rates,
competition, weather conditions or natural disasters, changes in
supply and demand for lodging facilities in our current and
proposed market areas, and the Company's ability to manage
integration and growth. Additional risks are discussed in
Interstate Hotels & Resorts' filings with the Securities and
Exchange Commission, including Interstate Hotels & Resorts'
annual report on Form 10-K as amended for the year ended December
31, 2005. Contact: Jerry Daly, Carol McCune (media) Daly Gray
Public Relations (703) 435-6293 DATASOURCE: Interstate Hotels &
Resorts CONTACT: Jerry Daly, , or Carol McCune, both of Daly Gray
Public Relations, +1-703-435-6293, for Interstate Hotels &
Resorts Web site: http://www.ihrco.com/
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