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Hotel Management Contracts |
NORTHBROOK, Ill., Jan. 10, 2005 - To begin what
it believes will be a significant year of growth, Lane Hospitality today
announced that it has executed three management contracts. One of
the contracts is an extension to be the exclusive manager of the Holiday
Inn Hotel & Suites Chicago, IL for an additional five-year term.
The other two include the Holiday Inn Gulfport Beachfront in Gulfport/Biloxi,
MS, and a hotel in downtown Milwaukee, WI which are both planning significant
renovations and brand repositioning. Northbrook, IL-based Lane Hospitality
owns and manages 18 hotels, resorts and time-share properties across the
U.S.
�We appreciate the confidence these three separate ownership groups have shown in our organization, and look forward to the opportunity to create significant value in their hotels,� said Bill DeForrest, President and CEO of Lane Hospitality. �Each of these assets has tremendous upside real estate value. Our experience in developing strong operating and marketing strategies, implementing successful business plans, especially in renovating, re-branding and repositioning assets, will allow us to help ownership maximize their hotels performance.� Property highlights include:
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Lane Hospitality Bill DeForrest 847-291-5716 [email protected] http://www.lanehospitality.com |