the Former Ramada Plaza Suites a Complete
Renovation; Rebranding into the Doubletree
Hotel Pittsburgh City Center
– Nov. 18, 2004 – The Elmhurst Group, a regional real estate developer
in Pittsburgh, announces a $12 million private investment increasing the
supply of first-class hotel rooms in downtown Pittsburgh by more than 300
and returning a prominent name to the city’s rapid-growing hospitality
industry. A complete renovation and transformation of the Ramada Plaza
Suites and Conference Center, located in the historic Grant Street district,
into the Doubletree Hotel Pittsburgh City Center is planned with an immediate
accelerated construction, scheduled to be completed in June 2005. Upon
completion of the 316-room hotel project, the new Doubletree will offer
the largest guest rooms in the city.
The downtown project is being funded by The Elmhurst Group in collaboration with Prospera Hospitality. The Elmhurst Group selected Pittsburgh-based Prospera Hospitality, a management company providing more than 100 collective years of hotel and resort experience, to oversee hotel operations because of the diverse experience Prospera’s senior executives offer. Elmhurst recently announced a joint venture with Prospera to help kickoff this first step in the company’s national expansion strategy in the hospitality industry.
“We look forward to combining the development expertise of The Elmhurst Group and the operational expertise of Prospera to exceed the expectations of every guest at the Doubletree in Pittsburgh,” said William E. Hunt, president and chief executive officer of The Elmhurst Group. “We are committed to making this property a premier hotel destination within the Pittsburgh marketplace.”
The hotel will remain open during the major renovations, including:
“By changing the flag of the hotel and updating the building’s technology, we are able to provide an unparalleled level of service to our customers,” said Kevin Kilkeary, president and chief executive officer of Prospera Hospitality. “Once renovations and brand-transitioning are complete, the facility will feature an upscale hotel experience second to none.”
“We have worked for years to provide visitors with first-rate accommodations in a convenient location,” said Joe McGrath, president and chief executive officer of the Greater Pittsburgh Convention & Visitors Bureau. “With more than 10,000 square feet of flexible meeting space, this investment by The Elmhurst Group has a profound impact on our city’s convention and tourism industries.”
As a Doubletree Hotel, a member of the Hilton Hotel’s family of brands, the hotel offers guests a health club, room service, swimming pool and complete meeting and banquet facilities.
About Prospera Hospitality: Headquartered in Pittsburgh, Pa., Prospera Hospitality was founded in 2002 as a third-party hotel management company. Prospera’s executives have been involved in more than $2 billion worth of real estate acquisitions. The company’s services include targeting geographic markets, developing the appropriate brand relationship and market position strategies, and performing financial analysis and legal processes. Prospera executives have utilized their experiences to benefit all types of independent and branded properties, including: resort; commercial; convention; mid-market, and full- and limited-service hotels.
About The Elmhurst Group: The Elmhurst Group of companies is a 30-year-old Pittsburgh-based organization that invests in commercial real estate and operating businesses. Elmhurst’s real estate holdings include 27 properties exceeding 1.6 million square feet of office, distribution, retail, flex space and a hotel, all in Western Pennsylvania. Investments have also been made in the retail, medical, hospitality, oil and gas, and electronic security industries. Elmhurst’s long-term strategy is to continually increase the value of each of its holdings by providing strong and dedicated management.
Foster Plaza 9
750 Holiday Drive
Pittsburgh, PA 15220
|Also See:||The Omni William Penn Hotel, Pittsburgh's Grande Dame, In Final Stages of a $22 million Renovation / Sept 2003|
|DoubleTree Pittsburgh Hotel at Liberty Center Owner Forest City Commercial Group Selects Westin to Manage the 618-room Property / Dec 2000|