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.� |
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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. |
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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. |