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Rim Hospitality Acquires Management Agreements for
Four Hotels in San Francisco, San Jose, Dublin

 
March 16, 2004 - Rim Hospitality has entered into a management agreement with Post Street Hospitality to manage the 144-room Hotel Cosmo, formerly Hotel Bedford.  The hotel is currently utilizing the Clarion reservation system.  “We see great opportunity to drive business up the street from our Inn at Union Square property, also on Post Street. We feel optimistic about San Francisco this year and increasing our presence has been a goal of ours” says Mark Burden, President.  The historic 1929 building is just 3 blocks from Union Square. 
 
“We have managed properties in the North Bay, South Bay and East Bay for years and now we are growing in the city” says Mark LeBlanc, Vice President of Development.  “Rim Hospitality is very confident that utilizing our strong local presence will contribute greatly to all our properties in the area.”

Also Rim Hospitality entered into an agreement to manage the Radisson San Jose, Best Western Gateway and AmeriSuites Dublin.  "The 500 room portfolio is a great addition to our company and strengthens our presence in Northern California,” says Mark Burden, President 


Hotel Cosmo
(formerly Clarion Bedford Hotel)
761 Post Street
San Francisco, California
of Rim Hospitality.  "We consider these hotels as value driven opportunities with tremendous upside" continues Burden.

Rim Hospitality took over managing the hotels in February.  "We were able to take the hotels over within three days of finalizing the agreement,” states Mark LeBlanc, Vice President, Development.  LeBlanc adds, "our ability to move quickly with our mobile management team is a great advantage for us.  On many occasions owners or banks are ready for a change, a change that they have thought about for a while.  Once they have decided, they want to act quickly and this is a great strength of our operations organization."

Operations will develop a detailed marketing plan that includes Internet strategies and brand strategies in the first 30 days.  "We are not going to wait for the market to turn up, we are going to create the upside" says Jay Barter, Chief Operating Officer.

Rim Hospitality is a full service management company with franchised hotel and independent boutique properties. Rim Hospitality manages hotel, resort and boutique properties affiliated with nine national brands including Preferred Hotels and Resorts Worldwide, Courtyard, Fairfield Inn & Suites, and Residence Inn by Marriott, Sheraton, Holiday Inn, Country Inns & Suites By Carlson, Best Western, as well as our own Heathman Collection of upscale boutique luxury hotels. 

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Contact:

Rim Hospitality
Phone: 209.523.8331
www.rimhospitality.com

Mark Burden
mburden@rimcorp.com

Mark LeBlanc
mleblanc@rimcorp.com
 


 
Also See: The Peabody Court in Baltimore and The Hotel Cosmos in San Francisco - First to Carry the Clarion Collection Brand / May 2003
Pritesh Patel Joint Ventures with Rim Hospitality to Convert the Barcelona Court in Lubbock, Texas into a 170-room Embassy Suites by Hilton / January 2004


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