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of the Georgia Tech Hotel and Conference Center |
| BETHESDA, MD - November 13, 2001- Crestline Hotels & Resorts, a
preeminent leader in university hospitality partnerships, entered into
an agreement to manage the Georgia Tech Hotel and Executive Conference
Center, scheduled to open in the summer of 2003. The property is
wholly owned by a new entity created by the Georgia Tech Foundation, Inc.,
and will be managed by Crestline Hotels & Resorts, Inc., a wholly owned
subsidiary of Crestline Capital Corporation (NYSE: CLJ).
The 250-room hotel is an integral part of Georgia Tech�s development plans in midtown Atlanta. Adjoining the hotel, will be the Georgia Tech Global Learning Center that will create an international learning environment with multiple amphitheaters and classroom facilities. Rosalind Meyers, Associate Vice President of Georgia Institute of Technology, stated, "the hotel will be much more than a traditional hotel. We are creating a world class hotel and executive conference center that will appeal to a wide variety of groups and that will meet the high standards of the International Association of Conference Centers.� The hotel and other Georgia Tech facilities will offer state-of-the art technology features, including the ability to project video conferences around the world with simultaneous translations. Bruce D. Wardinski, President of Crestline Capital, stated, �The Georgia Tech Hotel and Conference Center will be our ninth hotel property in the Atlanta metropolitan area and solidifies Crestline�s position as one of the leading university hotel operators. In addition to Georgia Tech, other universities recognize our attention to their specific needs and are looking to Crestline as a partner in their hotel or conference center.� Dave Durbin, Crestline�s Chief Operating Officer, added, �Operating a university hotel and conference center requires a unique expertise and focus in the hospitality industry. We were selected by Georgia Tech because of our outstanding track record in this specific niche.� In addition to its high-tech features, the hotel will have the following amenities: 21,000 square feet of meeting space, an outdoor courtyard, and an all-day dining room and club lounge. The property will also feature an indoor swimming pool, a fully equipped fitness center and will provide a showcase for Georgia Tech memorabilia. Crestline Capital Corporation is the parent company of Crestline Hotels & Resorts, among the nation's leading independent hotel management companies. Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995.
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Alvaro Pacheco [email protected] |
| Also See | Oxford Capital Partners, Inc. Acquires Xerox Document University, a 951 room Conference Center in Leesburg, VA / July 2000 |