Hotel Online Special Report

advertisements


 Maryland Economic Development Corporation Appoints
Crestline as Manager of the Rocky Gap Lodge
& Golf Resort
-
MCLEAN, VA � April 12, 2002- Crestline Capital Corporation (NYSE:CLJ) announced today that it has signed an agreement with the Maryland Economic Development Corporation (MEDCO), a public instrumentality of the State of Maryland, for Crestline Hotels & Resorts, a subsidiary of Crestline Capital, to manage the 218-room Rocky Gap Lodge & Golf Resort in Flintstone, Maryland. 

�We look forward to working with Crestline Hotels & Resorts,� stated Hans F. Mayer, Executive Director of MEDCO. �We believe Crestline has the experience to effectively market and operate the Rocky Gap resort.  They have demonstrated an ability to attract business to destination resorts and a focus in driving a healthy bottom line.�

Commenting on the property, David L. Durbin, Chief Operating Officer of Crestline Hotels & Resorts, added, �We are very pleased to have the opportunity to manage the Rocky Gap Lodge & Golf Resort. The combination of Maryland�s only Jack Nicklaus golf course and the surrounding foothills of the Appalachian Mountains, makes the Lodge an attractive destination retreat.� 

James L. Francis, Chief Financial Officer of Crestline Capital Corporation, commented, �Our agreement with MEDCO and the State of Maryland is another example of our strategy to form relationships with governmental authorities and agencies.  We look forward to working with MEDCO and maximizing the profitability of its investment.�

The Rocky Gap Lodge & Golf Resort is located at 16701 Lakeview Road in Flintstone, Maryland.  Built in 1998, the lakeside lodge features 218 spacious rooms, approximately 10,000 square feet of meeting space, 6 meeting rooms, and two restaurants and a lounge.  The challenging 18-hole, 6,600 yard Jack Nicklaus golf course offers breathtaking views of Lake Habeeb and Evitts Mountain.

Crestline Capital Corporation is the parent company of Crestline Hotels & Resorts, among the nation's leading independent hotel management companies. Crestline Hotels & Resorts manages and leases 40 hotels, resorts and conference and convention centers with approximately 7,500 rooms in twelve states and the District of Columbia.  

Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995.  

###

Contact:
Crestline Capital Corporation
www.crestlinecapital.com
www.crestlinehotels.com


 
Also See Crestline Capital Corporation Takes the Majority Equity Position in 300-room Marriott in Sugar Land, Texas / March 2002 
Songy Partners and Crestline Resurrect Blighted Property into 160-suite Residence Inn in Midtown Atlanta / Jan 2002 


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.