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 Four Different Developers Building Four Staybridge Suite
Properties in San Antonio, Texas
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Nearly 500 new guest suites and 100 new employment opportunities 
 
 ATLANTA (March 20 2007) — IHG (InterContinental Hotels Group) announced today that San Antonio, Texas can expect nearly 500 additional guest suites by early 2009. With the addition of four Staybridge Suites hotels, the hotel chain will triple its presence in San Antonio. 
 
“San Antonio is an ideal market for extended-stay development and the demand is currently greater than the supply,” said Robert Radomski, vice president, Brand Management, Staybridge Suites.  “With the addition of these four new developments, we look forward to serving our guests’ needs wherever they may need extended-stay lodging in the greater San Antonio area.”
 
About the four Staybridge Suites developments in San Antonio
  • The Staybridge Suites at 123 Hoefgen Rd. is a $15 million, 12-story hotel in historic San Antonio with 138 suites. The property is expected to open summer 2007 and will bring 30 new employment opportunities to the community. The hotel is owned by SSG Hotel, under a license agreement with a company in the InterContinental Hotels Group and managed by IHG’s Americas operations division, The Hotel Management Group.
  • The Staybridge Suites at 281 North and Loop 1604 is a $10 million, five-story hotel in Sonterra with 120 suites. The property is expected to open spring 2008 and will bring more than 20 new employment opportunities to the community. The hotel is owned by Montex Real Estate, Co., LLC, under a license agreement with a company in the InterContinental Hotels Group.
  • The Staybridge Suites at NW Loop 1604 North and Chase Hill Blvd. in the UTSA/Fiesta Texas area is a four-story hotel in Northwest San Antonio with 120 suites. The property is expected to open spring 2008 and will bring 25 new employment opportunities to the community. The hotel is owned by La Cantera Hospitality LLC and managed by Dellisart Lodging, under a license agreement with a company in the InterContinental Hotels Group.
  • The Staybridge Suites at Commerce St. and North Pecos is a $15 million, ten-story hotel in historic Cattleman Square in downtown San Antonio with 120 suites. The property is expected to open early 2009 and will bring 30 new employment opportunities to the community. The hotel is owned by Vaquero Development Company and managed by Dallas-based Hospitality Management Corporation, under a license agreement with a company in the InterContinental Hotels Group.
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Rendering: The Staybridge Suites at 123 Hoefgen Rd, San Antonio, Texas
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About Staybridge Suites Hotels
Staybridge Suites® is an innovative all-suite hotel brand meeting the needs of the extended-stay guest.  It is ideal for travelers seeking a residential-style hotel that is perfect for business, relocation, and vacations.  The amenities include three suite types with fully equipped kitchens, complimentary daily breakfast buffet and evening receptions three days a week, and 24-hour business services with high-speed Internet access. Staybridge Suites entered the extended-stay market in December 1998 when its flagship location in Alpharetta, Ga., opened. Staybridge Suites achieved its 50th, 75th and 100th hotel openings faster than any other brand in the upscale extended-stay segment. Currently, there are 100 Staybridge Suites hotels open and more than 100 under development. Visit www.staybridge.com for more information, or to make reservations.
 
About The Hotel Management Group
IHG’s The Hotel Management Group is the fourth largest management company in North America.  As of December 31, 2006, IHG’s management portfolio consists of more than 200 hotels and nearly 44,000 rooms with another 14 hotels and 3,700 rooms in the pipeline.  Recently, The Hotel Management Group launched Performance Advantage, its proprietary hotel management program which allows for adaptation of its management services and contract terms based on the needs of each individual property investor.
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Contact:

Monica Smith
Media Relations Specialist
IHG
p. 770.604.5562
e. monica.smith@ihg.com

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Also See: Hospitality Management Corporation Opens $8.5million Staybridge Suites in Brownsville, Texas / January 2006
Downtown San Antonio with 11,000 Hotel Rooms Has Five New Hotels Under Development Potentially Adding 2,000 rooms by 2008 / August 2005
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