Hotel Online  Special Report

advertisements
..
..
Lodgian Invests $6 Million to Reposition the 231-room
Holiday Inn-Silver Spring, Md to Crowne Plaza
.
 

ATLANTA, Ga., December 20, 2005 — Lodgian, Inc. (AMEX: LGN), one of the nation’s largest independent owners and operators of full-service hotels, today announced that it has converted the former 231-room Holiday Inn in Silver Spring, Md. to the Crowne Plaza brand, following an 11-month, $6 million complete make-over of the property.

The renovation of the16-story Crowne Plaza Washington, D.C.—Silver Spring included extensive upgrades to its guestrooms, including installation of the Crowne Plaza Sleep Advantage program and other brand amenities, mahogany furnishings, a rolling desk with task lighting and marble vanity tops in the bathrooms.  All public spaces, including meeting rooms, restaurant and lobby, also were upgraded, which included the installation of new lobby furnishings and carpeting and the addition of a new Internet café in the lobby serving Barnie’s coffee products. 

Ed Rohling, Lodgian’s president and chief executive officer, noted that the timing was right for the conversion to the Crowne Plaza brand.  “The city of Silver Spring is in the midst of a renaissance, with the addition of a large retail mall, a new headquarters for the Discovery Channel and other positive growth.  By upbranding to Crowne Plaza, we will be better able to meet the higher expectations of this market.  We also see Silver Spring as a growing business market and believe the Crowne Plaza brand will better attract higher-rated, group business looking for a first-class meeting venue.  Our goal is to be the leading hotel operator in this area.” 

Located at 8777 Georgia Ave., Silver Spring, Md., off the Washington Beltway, eight miles from downtown Washington, D.C., the hotel is a short walking distance to the Metro subway line.  The property features a swimming pool, fitness facility, business center and the River City Grille and Lounge.

“Meetings will play an important role in our business mix,” said Samie Bazuzi, general manager.  “With 16,000 square feet of meeting space, we can comfortably handle groups ranging from 20 up to 450.”

About Lodgian

Lodgian is one of the largest independent owners and operators of full-service hotels in the United States.  The company currently owns and/or manages a portfolio of 78 hotels with 14,120 rooms located in 29 states and Canada.  Of the company’s 78-hotel portfolio, 49 are InterContinental Hotels Group brands (Crowne Plaza, Holiday Inn, Holiday Inn Select and Holiday Inn Express) 16 are Marriott brands (Courtyard by Marriott, Fairfield Inn by Marriott, SpringHill Suites by Marriott and Residence Inn by Marriott), and 11 are affiliated with four other nationally recognized hospitality franchises such as Hilton and Carlson (Radisson and Park Inn).  Two hotels are independent, unbranded properties.

This press release includes forward-looking statements related to Lodgian’s operations that are based on management’s current expectations, estimates and projections. These statements are not guarantees of future performance and actual results could differ materially. 

.
Contact:

Lodgian
Debi Ethridge
Vice President, Finance & Investor Relations
dethridge@lodgian.com
(404) 365-2719
www.lodgian.com
 

Also See: Lodgian Outlines 2005 Renovation Plans; Completes 16 Hotel Renovations in 2004 / January 2005
Lodgian Sells Holiday Inns in Gadsden, Alabama, and Rolling Meadows, Illinois for Aggregate $6.5 million / September 2005

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.