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ADR Up 4.2%, Occupancy at 79.6% |
ASHEVILLE, N.C. (November 4, 2002) � The Grove
Park Inn Resort & Spa reports a record-breaking third quarter in 2002.
�We are extremely pleased with our revenue performance given the current
economic climate,� said Director of Sales and Marketing Jay Boyd. �We are
truly fortunate that The Grove Park Inn Resort & Spa is an excellent
drive-to destination for major metro areas like Atlanta, Charlotte and
Raleigh-Durham, all within a 300-mile radius.�
Total revenues for the resort were 15-percent higher than the previous best third quarter in 2001. �Major contributors to our revenue were our world-class spa and the restored Donald Ross golf course, both in high demand by our guests,� said Boyd. �Occupancy was strong and our ADR (average daily rate) experienced a 4.2 percent increase over the previous best third quarter in 2001. The resort�s third quarter occupancy rate remains strong, finishing with a very robust 79.6-percent. �Overall, the record third quarter speaks volumes about the quality people who work at The Grove Park Inn Resort & Spa,� remarked Boyd. �It�s a clear indication that our culture, values and overall vision is helping us reach the ultimate goal of becoming one of America�s truly legendary resorts.� �I believe that the underlying factor for our success is our staff�s ability to provide the guests with an outstanding resort experience,� states resort Vice President and General Manager, J. Craig Madison. �Our shareholder culture, values and overall vision is guiding us to our ultimate goal of becoming one of America�s truly legendary resorts. Our guest ratings remain strong and our repeat customer base is growing.� The Grove Park Inn Resort & Spa is a subsidiary of Sammons Enterprises based in Dallas, TX. The Grove Park Inn Resort & Spa is employee-owned whose ultimate goal is to become the largest such workplace in the country. The company envisions this goal by pioneering an industry-leading business, using high ethical standards, producing solid financial performance and a true Employee-Shareholder culture where every employee makes a difference. This employee-owned philosophy was succinctly phrased recently by Executive Housekeeper Wendy Avery, a winner in a recent essay contest for all Sammons Corporation employees. �Our success is not only measured in our accomplishments, but also in our character,� wrote Avery. �Employee-shareholders make a difference when they feel that they have been empowered to make a difference. Here at The Grove Park Inn Resort & Spa, we feel that empowerment.� The Grove Park Inn Resort & Spa has a local economic impact of approximately $400-million annually, according to the North Carolina Travel and Tourism Department. The Grove Park Inn is also on the National Register of Historic Places and is a member of the National Trust for Historical Preservation�s Historical Hotels of America. |
Contact:
The Grove Park Inn Resort & Spa Jay Boyd, Director of Sales & Marketing (828) 252-2711 Ext. 5000 www.groveparkinn.com |