Hotel Online
News for the Hospitality Executive

.

advertisement



..
.
 Crow Holdings Selects Aimbridge to Operate the
Doubletree Hotel Houston Intercontinental Airport
.

DALLAS, TEXAS — AUGUST 13, 2008 — Aimbridge Hospitality has been awarded a contract by Crow Holdings’ fourth real-estate fund, Crow Holdings Realty Partners IV, to manage the Doubletree Hotel Houston Intercontinental Airport.

Dallas-based Aimbridge Hospitality is a hotel real-estate and management company that also provides capital renovation, supervision, accounting and consulting services for its strategic partners. Crow Holdings, also based in Dallas, is a privately owned firm that makes investments on behalf of the Trammell Crow family and its investment partners, and oversees a portfolio of more than 1,600 hotel rooms, among other commercial real-estate holdings.

The Doubletree Hotel Houston Intercontinental Airport, located at 15747 JFK Boulevard, is a business-oriented property that features 313 guest rooms, including 13 deluxe suites—all with new flat-screen TVs. The Doubletree Hotel Houston Intercontinental Airport also includes more than 10,000 square feet of meeting space distributed among 20 meeting rooms, and nearly 5,500 square feet of pre-function space.

The Doubletree Hotel Houston Intercontinental Airport features a variety of food-and-beverage options, including Oakley’s, a three-meal restaurant specializing in regional Texas cuisine; Derricks Saloon, a Texas-themed sports bar complete with big-screen TVs; and Perks Coffee & More, which serves Starbucks specialty coffees, pastries, bagels and fresh fruits. Guest-room amenities include complimentary high-speed Internet access, and the property offers guests a full-service business center, state-of-the-art Doubletree Fitness by PreCor fitness center, an outdoor pool, Jacuzzi, outdoor pavilion, sundeck and gift shop. 

“We are thrilled to add this gem to our multi-faceted real estate portfolio, given the property’s superior location, facilities, and guest product,” said Anne Raymond, of Crow Holdings.

“This is the ninth hotel deal that we have completed with Aimbridge Hospitality,” added Crow Holdings’ Diane Parmerlee, “and we are pleased to underscore our confidence in Aimbridge’s management abilities by completing this transaction.”

Aimbridge Hospitality President and CEO Dave Johnson said he’s excited to be partnering again with two of the most well-known names in the hotel business—Crow Holdings and Doubletree.

“The Doubletree Hotel Houston Intercontinental Airport is one of the top business properties in the Houston market, and we’re very pleased to be once again joining forces with Crow Holdings as manager of this fine property,” he said. “As with all Aimbridge Hospitality’s portfolio of managed properties and their owners and investors, our goal at the Doubletree Hotel Houston Intercontinental Airport, and with Crow Holdings, is to deliver the best possible experience to our guests while maximizing profits for our client.”

In addition to managing hotels under the Doubletree brand, Ambridge Hospitality also operates properties flying the flags of industry-leading companies such as Choice Hotels, Marriott, Embassy Suites, Hilton Garden Inn, Hampton Inn & Suites, Sheraton, Hyatt and Wyndham, as well as several independent properties.

ABOUT AIMBRIDGE HOSPITALITY
Aimbridge Hospitality is a hotel real estate and management company created to identify investment opportunities throughout the United States. Aimbridge provides management, asset management, capital renovation, supervision, accounting and consulting services for its strategic partners. Aimbridge currently operates hotel properties under well-known brands such as Embassy Suites, Doubletree, Hilton Garden Inn, Hampton Inn & Suites, Sheraton, Hyatt, Wyndham and brands owned by Choice Hotels International. Aimbridge also manages a number of independent hotels, including the Phoenix Inn & Suites brand of hotels, and has several projects under development in the Starwood, Marriott and Hilton enterprises. For more information on Aimbridge Hospitality, please visit the company’s Web site at www.aimbridgehospitality.com.

ABOUT CROW HOLDINGS
Dallas-based Crow Holdings is a privately owned business that makes investments on behalf of the Trammell Crow family and its investment partners. Today, Crow Holdings has a substantial stake in the ownership of various businesses, both real-estate and non-real-estate related, with a level of involvement in the management of these companies that ranges from active to passive. The company’s holdings also include significant, diversified positions in financial investments. Since 1998, Crow Holdings has sponsored four real-estate private equity funds; equity commitments from these funds total approximately $2.1 billion, $450 million of which was committed by Crow Holdings. To date, Crow Holdings Realty Partners IV L.P. is the largest fund sponsored by Crow Holdings, with equity commitments totaling approximately $850 million. Investors include endowments, foundations, pension funds, financial institutions and high net worth individuals. Crow Holdings is the largest investor in Crow Holdings Realty Partners IV, L.P., with a $150 million commitment.  For more information, visit www.crowholdings.com

.
Contact:
Barb Worcester
President/Principal
PRPro
Tel: (440) 930-5770
barbw@prproconsulting.com
.
Also See: Driftwood Hospitality Management Reflags the Hyatt Regency Houston Airport as the Doubletree Hotel Houston Intercontinental Airport / January 2006
Aimbridge Hospitality to Manage aloft Chicago O’Hare for Continental Properties Company Inc. / April 2008
Hilton Hotels Corporation Awarded the Management Contract of the 1,606 room Anatole Hotel in Dallas, Texas; Will be Reflagged a Hilton in January, 2006, Owner Crow Holdings Planning a $30 million Renovation / December 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.