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Janne Hurley Clare Appointed GM at the Destination 
Hotels & Resorts Managed NINEZERO in Boston
Developer - Intercontinental Real Estate Corporation 

 
Boston, MA � May 9, 2001� Today, Boston�s new style luxury hotel, currently under construction at 90 Tremont Street, was officially named NINE ZERO.  For the first time in almost a decade a stylish luxury hotel is being built from the ground up in Boston.  This fully financed project will add 190 rooms to Boston�s hotel inventory currently underserved.

The announcement was made at a ceremony held on the hotel site by The Honorable Thomas M. Menino, Mayor, City of Boston and Paul L. Palandjian, President, Intercontinental Real Estate Corporation, owner/developer of NINE ZERO.  Also giving remarks were: Peter Palandjian, Chairman and CEO, Intercontinental Real Estate Corporation; Michael George, Senior Vice President of Operations, Destination Hotels & Resorts (DH&R), the hotel�s management company; Joe Campanelli, President and COO, Sovereign Bank and Patrick Moscaritolo, President and CEO of the Greater Boston Convention and Visitor�s Bureau.
 

�The addition of this hotel to the Boston market is a positive sign for the entire industry,� said Mayor Menino.  �Today�s name raising sent a strong message � that hotels are getting built and financed in the city of Boston.�

�We believe this city needs a hotel that reflects its new found image as a modern, high tech, cosmopolitan city with amenities, services and style that is equal to those of the world�s most sophisticated cities like New York, Los Angeles and London,� said Palandjian.  �We chose the name NINE ZERO to reflect the hotel�s sleek elegant image and to echo its location at 90 Tremont Street,� continued Palandjian.

�Sovereign Bank is proud to be partnering with Intercontinental Developers on the construction of the 90 Tremont Street hotel,� added Campanelli.  �In addition to adding jobs and contributing to the ever-changing Boston skyline, this project will also be adding much needed rooms to the hospitality industry.�

NINE ZERO will be managed by Destination Hotels & Resorts (DH&R), recently named the country�s sixth largest independent hotel management company by Hotel Business, and will be a welcome addition to DH&R�s growing portfolio of 28 upscale luxury hotels and resorts located in nine states throughout the country.  �This project provides an excellent opportunity for us to enter into the dynamic Boston hotel market and offers us an exciting opportunity to 
create a unique, luxury hotel

Destination Hotels & Resorts Appointed to Manage NINEZERO

Engelwood, CO, May 9, 2001 -- Destination Hotels & Resorts (DH&R), has made its first foray into the Boston real estate market. DH&R recently signed a deal to manage a new luxury hotel, NINE ZERO, located at 90 Tremont Street, which is owned by Boston-based Intercontinental Real Estate Corporation.  

�Destination Hotels & Resorts has for some time been looking to enter the bustling Boston real estate arena but we were waiting for the right opportunity,� said Allen Goodman, Regional Vice President Sales & Marketing at DH&R.  �The site at 90 Tremont Street fits well with DH&R�s philosophy of acquiring distinctive properties in key markets where we can enhance a neighborhood and offer a quality one-of-a-kind asset to our potential customers.�

�Our main interest in NINE ZERO is in creating a memorable experience for our leisure and business guests,� said Brian Windle, Senior Vice President of Sales & Marketing at DH&R.  �One of DH&R�s value disciplines is to pay attention to detail by offering excellent service, comfort, quality and style in a soothing environment with a highly professional and personable staff.  We plan to deliver on this value proposition at our new hotel at 90 Tremont.�

�We selected Destination Hotels & Resorts to manage our property because of its exceptional experience and success in managing one-of-a-kind, unique destinations with independent identities,� said Paul L. Palandjian, President of Intercontinental Real Estate Corporation.  �I have every confidence that DH&R will bring its unique management philosophy and consistent high quality standards for which they are known to our new hotel to ensure its success from the opening to the daily operation.�

experience for today�s savvy traveler, from the ground up,� said Michael George.

Designed by Cambridge-based Tsoi/Kobus & Associates, the 190-room, 19-floor NINE ZERO will be a four-star, full service, highly designed luxury property.  Featuring only 12 rooms per floor, the hotel will project a cleverly stylish and sumptuous quality and feel with a contemporary flair and slightly daring design.  The boutique-style hotel with its �modern traditional� aesthetic, modern technological advances, attention-to-detail, comfort and amenities and gourmet restaurant will appeal to both business and leisure travelers.

It is expected that guests to the hotel will be comprised of approximately 60% business travelers, 25% leisure travelers (both domestic and international) and 15% group travel.  Target markets include key feeder cities from the Northeast region, national and international businesses and leisure travelers age 25 - 60.  
 

The rooms, which will be modern in design and decor, will exude comfort and convenience.  The trappings of luxury will blend seamlessly with a soothing contemporary feel.  All rooms will be equipped with multiple phone lines, fax, copier, high-speed Internet access, CD and VCR with bathroom stereo/TV speakers.  Each room will feature either a king or two queen size beds.  Hotel plans include one Presidential Suite and four junior suites.  One of New York�s top interior design firms, Wilson & Associates was tapped to create the interiors of the public spaces and guest rooms.

Designed to be a sanctuary from the frenetic pace of the city, the hotel�s interior environment will reveal elements and layers symbolic of Boston�s dynamic history, tradition and current renaissance.  Style and great design with just the right attitude will be eschewed at every turn.  

The lobby lounge will be a comfortable, inviting place to have a drink or meet guests.  It is envisioned to become �Boston�s living room� and will feature marble floors, deep woods and rich blues and reds in the furniture treatment to contrast with sheer window coverings.

The hotel will house original paintings and sculptures in the lobby gallery.  It is undecided whether the gallery collection will be permanent or revolving but hotel owners are considering partnering with local art institutes and individual artists to host exhibit openings and other related events.

A second floor signature restaurant will be accessible from the hotel lobby as well as by a separate uniquely designed entrance on Tremont Street.  The restaurant will seat 72 in the main dining room and will feature an intimate bar and a private dining room suitable for small parties of ten or less.  A stunning translucent, custom designed glass wall behind the bar will provide liquor storage, as well as separate the bar area from the main dining room. 

Meanwhile, for those who take an interest in not only food presentation but in how their food is prepared, the kitchen will be visible to guests through a clear glass wall.  The restaurant, which will serve breakfast, lunch and dinner daily, will complement the 24-hour room service available from the 

Janne Hurley Clare Named General Manager

Boston, MA, May 9, 2001-- Janne Hurley Clare, born and raised in Lexington, Massachusetts, and a third generation Bostonian, has returned to her roots to manage NINE ZERO.

Ms. Clare�s appointment as General Manager of NINE ZERO was announced by Michael George, Senior Vice President of Operations for Destination Hotels & Resorts (DH&R), the management company for NINE ZERO. 

�Janne Clare�s passion for service and attention to detail embodies our philosophy of delivering an unparalleled experience to our hotel guests,� said George.  �Her successful track record in managing and operating luxury hotels and resorts, including The Westin Hotel, Copley Place in Boston, confirmed that she was our number one choice to lead DH&R�s first hotel in the Northeast.�

As general manager of NINE ZERO, Ms. Clare will be part of the core opening team that will be involved in creating, from the ground up, one of Boston�s most exciting hotel projects in recent years.  Ms. Clare will be responsible for hiring over 150 employees and overseeing the sales, marketing and public relations efforts, while re-acclimating herself to the Boston community.  �Our ultimate goal is to create a team of service-oriented employees who together will help to create a truly welcoming and memorable experience for our business and leisure guests,� says Clare.  Once the hotel opens, she will be responsible for all operations of the 190-room hotel and restaurant.

Prior to joining NINE ZERO, Ms. Clare spent nearly twenty years with Starwood Hotels & Resorts where she held several top management positions in Westin Hotel properties on both the east and west coasts.  Most recently, she was General Manager at one of Starwood�s highest rated properties, The Westin South Coast Plaza in Costa Mesa, California.  During her four year tenure she achieved outstanding results for this 400-room upscale business hotel. From 1995 to 1997, Janne Clare was the Director of Operations in Boston for The Westin Hotel, Copley Place.  It was at this 800-room Boston hotel that Ms. Clare started her hotel career in 1982 as Director of Convention Services.  Ms. Clare was part of the hotel�s opening team, and in 1986, earned Westin�s highest honor, the Thurston Dupar Inspirational Award.  In 1989, Ms. Clare moved to the west coast where she became the Director of Rooms for The Westin Kauai Resort in Hawaii and in 1990 she was named �Leader of the Year.�  In 1991, Ms. Clare was promoted to Director of Operations at The Westin South Coast Plaza Hotel in Costa Mesa, California.  During her four-year tenure as Director of Operations, Ms. Clare was responsible for achieving 98% fulfillment of brand standards and customer satisfaction as well as overseeing all operational aspects of the hotel.

kitchen.  In addition to round-the-clock service, a top name chef will be hired to run the kitchen.

Managerial offices and three multi-function meeting rooms will be located on the third floor.  The hotel�s largest meeting room will accommodate 50 for a seated dinner and two additional meeting rooms will accommodate smaller groups.  All meeting rooms will be equipped with state-of-the- art audio/visual equipment, high-speed Internet access, comfortable furniture and natural lighting to meet all business needs.  One of the smaller meeting rooms will be designed to be used as a less formal �Idea Lab� to stimulate creative and strategic thinking.  The meeting rooms may also double as private dining rooms.

While a small exercise facility will be available on premises, there will also be a partnership with a neighborhood fitness center for the convenience and use of the guests. 

NINE ZERO is well located with the main entrance facing Tremont Street and a valet entrance on Bosworth Street.  It is situated near Boston�s best theater, shopping and dining, the Beacon Hill and Back Bay communities, and the financial and government districts.  The hotel is located on the historic and famous Freedom Trail.

Backgrounder - Intercontinental Real Estate Corporation

Established in Boston over 40 years ago, Intercontinental has acquired, developed, built and/or managed over $2 billion of real estate and has earned an international reputation as one of the leading real estate investment firms in New England.  Intercontinental, recently ranked in the top 100 United States real estate investment advisers by Pensions & Investments, provides a full spectrum of real estate investment and management services including acquisitions, asset management, finance, development, construction management and property management.

Originally founded in 1959 by Petros A. Palandjian, Intercontinental has successfully evolved from a large-scale construction company to a highly disciplined investment management firm.  Under Intercontinental�s new generation of leadership, Peter and Paul Palandjian, the company utilizes its �bricks-and-mortar� operating expertise together with its value creation investment approach to successfully complete complex and diverse developments.  

Intercontinental�s newest development, NINE ZERO, is a ground-up, 190-room, cleverly stylish luxury hotel located at 90 Tremont Street in Boston�s mid-town.  Intercontinental has assembled a group whose singular goal is to create a sophisticated, new luxury hotel in Boston.  The full-service hotel is slated to open in Spring 2002.

Intercontinental recently completed the investment of its $80 million private equity fund, a fund targeting value added development projects; NINE ZERO is an asset of Fund II.  The company recently introduced Intercontinental Real Estate Fund III, a $250 million private equity fund targeting enhanced core assets. 

The Palandjian family�s roots in Boston affirm their keen understanding of the city�s heritage. Their history has instilled in both Peter and Paul Palandjian the commitment to develop one-of-a-kind properties that positively impact the social and economic profile of the city.  Peter Palandjian, Chairman and CEO of Intercontinental, is active on a number of corporate and not-for-profit boards.  He presently serves as a trustee of the Dana Farber Cancer Institute, a trustee of the Fessenden School, a board member and Governor�s appointee to the Massachusetts State College Housing Authority, and as a board member of the New England Chapter of the National Association of Industrial and Office Properties (NAIOP).  A former world ranked tennis player on the ATP tour, Peter earned his BA from Harvard College and his MBA from the Harvard Business School.  A native of Belmont, he and his wife, Minou, have four children.

Paul Palandjian is president of Intercontinental and serves on the Board of Trustees of Mount Auburn Hospital and is an Incorporator of the Belmont Hill School.  He also serves on the Advisory Board of Gomez Advisors, Inc. (gomez.com).  Paul is a former Harvard tennis team captain and world ranked player on the ATP tour.  Mr. Palandjian graduated from Belmont Hill School and earned his BA from Harvard College and his MBA from the Harvard Business School.  A native of Belmont, Mr. Palandjian and his wife, Dionne, have three children.

Recent Intercontinental developments in the Boston area include:  131 State Street, 114 State Street, 210 Commercial Street, 695 Atlantic Avenue, 131 Tremont Street, 125 Lincoln Street, 100 Franklin Street, 184 High Street, One Bulfinch Place, 26 Stillman Street, 343 Congress Street and 226 Causeway Street.

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Contact:
NINE ZERO
343 Congress Street, 
Boston, MA 02210-1222.  
 617-772-5800
www.ninezerohotel.com

Also See Boston Developer Selects Future Hotel's Name / May 2001 


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