Interstate Hotels & Resorts to Manage Newly Built Best Western in Lower Manhattan
2008年8月25日 - 9:30PM
PRニュース・ワイアー (英語)
Hotel Operator's First Project with Ben Wong, founder of Wok and
Roll Restaurants ARLINGTON, Va., Aug. 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 signed
a contract to manage the 102-room Best Western Bowery Hanbee Hotel
in Lower Manhattan/Chinatown in New York City. The newly built
property is owned by Ben Wong, founder and principal owner of New
York- based Wok and Roll Restaurants, a major fast food operator
with restaurant locations nationwide. Interstate now manages a
total of nine hotels in New York City. "New York is a critically
important U.S. market, and we continue to expand our presence
there," said Thomas F. Hewitt, chief executive officer at
Interstate. "The Best Western is our first hotel on the vibrant
Lower East Side and our first project with Ben Wong, a well
respected and progressive entrepreneur. Our management pipeline
remains quite active, with current owners being an important source
of new business." "Our growing New York portfolio also includes
five hotels that we operate elsewhere in the state, bringing our
total to 14 hotels statewide," said Leslie Ng, chief investment
officer. "This cluster strategy allows us to take advantage of
significant operating synergies and economies of scale. New York
remains one of the most robust markets in the nation, and we
continue to drive performance for our owners." Located at the
intersection of the Bowery and Grand Street in the heart of
Chinatown and Little Italy, the eight-story Best Western hotel is
within walking distance of SOHO, Tribeca, a short subway ride to
Broadway theaters, the Wall Street financial district and the
Brooklyn Bridge. The hotel is also proximate to several major city
attractions, such as Trinity Church, the World Trade Center
memorial and Battery Park. Hotel amenities include a complimentary
continental breakfast, an exercise facility and a business center.
Guestrooms feature high-speed Internet access. About Interstate
Hotels & Resorts As of today, Interstate Hotels & Resorts
has ownership interests in 56 hotels and resorts, including seven
wholly owned assets. Together with these properties, the company
and its affiliates managed a total of 225 hospitality properties
with approximately 46,000 rooms in 36 states, the District of
Columbia, Russia, Mexico, Canada, Belgium and Ireland. Interstate
Hotels & Resorts also has contracts to manage 15 to be built
hospitality properties with approximately 3,600 rooms. 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, 2007. Contact: Carrie McIntyre SVP,
Treasurer (703) 387-3320 DATASOURCE: Interstate Hotels &
Resorts CONTACT: Carrie McIntyre, SVP, Treasurer, Interstate Hotels
& Resorts, +1-703-387-3320 Web site: http://www.ihrco.com/
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Interstate Hotels (NYSE:IHR)
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Interstate Hotels (NYSE:IHR)
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から 7 2023 まで 7 2024