Interstate Hotels & Resorts to Manage Two Hotels and Two Upscale Restaurants in Gettysburg, Pa. Mixed-Use Complex
2008年1月25日 - 10:30PM
PRニュース・ワイアー (英語)
ARLINGTON, Va., Jan. 25 /PRNewswire-FirstCall/ -- Interstate Hotels
& Resorts (NYSE:IHR), a leading hotel real estate investor and
the nation's largest independent operator of full- and
select-service hotels, today announced that it has agreed to manage
two hotels and two first-class restaurants in Gateway Gettysburg, a
$300 million, 100-acre, mixed-use complex in Adams County, Pa. The
Monahan Group, based in Gettysburg, is the owner and developer of
the properties that include the Courtyard by Marriott Gettysburg,
the Wyndham Gettysburg Hotel and Conference Center, Garibaldi's
Ristorante and Old Eagle Grill. "These recently opened properties
are the top hotels in the region, in a terrific location surrounded
by some of Pennsylvania's most popular tourist attractions and
historic sites, near the Gettysburg battlefield, Gettysburg College
and Mount St. Mary's University," said Thomas F. Hewitt,
Interstate's chief executive officer. "These are our first
contracts with the Monahan Group, and we are delighted to have the
opportunity to operate these properties and to help the owners
maximize their return on investment." The Gateway Gettysburg is a
multi-hotel, restaurant and entertainment complex, located at the
junction of US Rt. 15 and Rt. 30. It currently features a
conference center with 65,000 square feet of meeting space, a
46,000-square-foot amphitheater, and a full-service business
center. All upscale restaurants in the complex operate under the
guidance and culinary direction of world-renowned chef, Claude
Rodier, who serves as executive chef and food and beverage
director. Rodier brings more than 30 years of culinary experience
in the restaurant and hospitality industries, both in the U.S. and
abroad. The centerpiece of Gateway Gettysburg is RC Gateway
Theaters 8, a high- tech movie theatre with eight screens, two of
which are the largest digital screens in the country with live
satellite broadcasting capabilities. The two theaters with
three-story high screens have seating capacities of 300 and 400
each and can serve as auditoriums as well as movie theaters. "We
fully expect the Gateway Gettysburg complex to become the area's
pre- eminent destination, located at a major intersection leading
into Gettysburg," said Robert J. Monahan, Jr., president and chief
executive officer of The Monahan Group. "With Interstate's proven
ability to operate both upper- upscale and limited-service
properties, we are confident they will take full advantage of the
operating potential of these two hotels." The 152-room Courtyard by
Marriott Gettysburg features complimentary, high-speed Internet
access, an indoor pool and whirlpool, an exercise room, business
center, valet dry cleaning, guest laundry, two meeting rooms and a
boardroom. Food service is available in a caf� and a 24-hour food
market. Guests can also relax in a lounge and bar area equipped
with a plasma screen television and fireplace. An area near the
lounge is equipped with computers with Internet access for guest
use. The upper-upscale, 250-room Wyndham Gettysburg Hotel and
Conference Center is the second hotel to open in the Gateway
Gettysburg development. Hotel amenities include an elegant,
world-class restaurant, 1863 Restaurant, and 16,000 square feet of
flexible meeting space, including a 10,000-square-foot Presidential
Ballroom that can accommodate receptions for up to 1,350 guests.
The facility also offers a lobby bar lounge, indoor pool and
executive fitness center, a 24/7 business center, laundry and
laundry services, safe-deposit boxes and room service. About The
Monahan Group The Monahan Group is a diversified development and
holding company located in Gettysburg, Pa. The company was founded
by President and CEO Robert J. Monahan, Jr., former managing
director of Greystone Television and Films in North Hollywood,
Calif. Monahan is a former special assistant to the U.S. Secretary
of Transportation under President Ronald Reagan and was a candidate
for the U.S. Senate from Pennsylvania. He has served on the board
of directors of numerous civic and charitable organizations. About
Interstate As of December 31, 2007, Interstate Hotels & Resorts
owned seven hotels and had a minority ownership interest through
separate joint ventures in 22 hotels and resorts. Together with
these properties, the company and its affiliates manages a total of
191 hospitality properties with approximately 43,000 rooms in 36
states, the District of Columbia, Belgium, Canada, Ireland, Mexico
and Russia. Interstate Hotels & Resorts also has contracts to
manage 17 hospitality properties with approximately 4,800 rooms
currently under construction. 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.
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 war in 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, 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 for the year ended December 31, 2006.
Contact: Carrie McIntyre SVP, Treasurer (703) 387-3320 DATASOURCE:
Interstate Hotels & Resorts CONTACT: Carrie McIntyre of
Interstate Hotels & Resorts, SVP, Treasurer, +1-703-387-3320
Web site: http://www.ihrco.com/
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