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 The Former 377 room Adam’s Mark Mobile Purchased
by Retirement Systems of Alabama from the Presidio
Group; Will Undergo a $15.7 million Renovation

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July 20, 2004 - Dr. David G. Bronner, CEO of the Retirement Systems of Alabama, is nationally recognized for his commitment to profitable investing in Alabama. His investment strategy can be summed up as follows: “The stronger the Retirement Systems of Alabama can make Alabama, the stronger the Retirement Systems will be.”
 
“Mobile will continue to be a thriving international center for tourism through The Robert Trent Jones Golf Trail, Carnival Cruise Lines and the renovated Grand Hotel. We are also building the tallest building in Alabama with the RSA Battle House Tower and the adjoining Battle House Hotel which we are bringing back to its former glory. The investments RSA has made in Mobile shows the confidence we have in the growth and vitality of Alabama’s Port City,” Dr. Bronner said.

The purchase of the hotel is scheduled for completion on July 15. It is at this time the hotel name will be changed to Riverview Plaza Hotel until a franchise agreement is signed. The hotel has 377 rooms and 


Riverview Plaza Hotel
(formerly Adams Mark Mobile)
64 South Water Street
Mobile, Alabama
35,000 square feet of meeting space, all of which will be renovated.

“With the Riverview Plaza Hotel in the heart of downtown Mobile along with its sister hotel, RSA Battle House Hotel, we will put Mobile on the map as an exceptional destination,” said Steve Solberg, chief operating officer for PCH Hotels and Resorts. “Both of these hotels will be first class and we believe will attract convention groups looking for upscale, distinctive hotel accommodations.”

“We are planning to make this hotel a world-class property,” according to Ed Kulik, president of Alabama Real Estate Holdings. “Dr. David G. Bronner’s vision in turning this development into a first-class hotel, coupled with Mayor Mike Dow’s commitment to developing Mobile as a great city in which to do business will give us outstanding credibility in the convention marketplace.”

“It’s also exciting for those who enjoy playing golf to know that this hotel is part of the Resort Division of the Robert Trent Jones Golf Trail,” Kulik added. The other hotels managed by PCH Hotels and Resorts, Inc. are also built to accommodate the needs of business and leisure travelers as well as groups and conventions.

PCH Hotels and Resorts, Inc. is the management company for Alabama Real Estate Holdings. “The management company is known for hotels with fine dining and exquisite furnishings designed for the ultimate in comfort and customer service,” Solberg said. “Travelers will find a stay at either of these two fine hotels in Mobile to be an extraordinary and truly memorable experience.”

Other hotels, which are subsidiaries of PCH Hotels and Resorts, Inc. in Alabama include: Grand Hotel Marriott Resort, Golf Club, and Spa in Point Clear, Alabama; The Legends at Capitol Hill in Prattville, Alabama; The Lodge and Conference Center at Grand National in Opelika, Alabama; Ross Bridge Golf Resort & Conference Center in Hoover, Alabama (opening May 2005); The Shoals Golf Resort, Spa & Conference Center in Florence, Alabama (opening April 2005); and The Battle House Hotel in Mobile, Alabama (re-opening summer 2005). PCH is funded by the Retirement Systems of Alabama (RSA), which also has investments in Alabama’s Robert Trent Jones Trail, US Airways, Raycom Media, 55 Water Street in New York City, Community Newspapers and other interests.


 
Contact:

PCH Hotels and Resorts
Beth Stafford
251-344-2404
 

Also See: Noble Investment Group Breaks Ground on 122-room Courtyard by Marriott on University of Alabama at Birmingham Campus / April 2004
The Former Sheraton Birmingham South Renovated by RFS Hotel Investors and Rebranded Hilton Birmingham Perimeter Park / Jan 2003


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