Hotel Online
News for the Hospitality Executive

.

advertisement



Interstate Hotels & Resorts Acquires the 300-room Crowne Plaza Columbus
North Hotel in Ohio Through a Joint Venture with Waramaug Hospitality

Hotel to Undergo $5.25 Million Dollar Renovation



ARLINGTON, Va./COLUMBUS, Ohio, January 20, 2012
—Interstate Hotels & Resorts, the largest U.S.-based global hotel management company, today announced that it has acquired the 300-room Crowne Plaza Columbus North hotel through a joint venture with Waramaug Hospitality, LLC and a private investment group.  The hotel will remain as a Crowne Plaza and immediately undergo a $5.25 million renovation.

“This is the company’s third acquisition transaction with Waramaug since last year,” said Jim Abrahamson, Interstate’s chief executive officer.  “We look forward to continuing our partnership with a leader in the real estate investment industry and to future opportunities together.”

“This hotel has strong investment potential, especially considering the improving fundamentals of the Columbus market and the hotel’s competitive positioning,” said Leslie Ng, Interstate’s chief investment officer.  “With the planned comprehensive renovation, including a complete upgrade to the nearly 20,000-square-feet of meeting space, we expect this upscale hotel to reach its full potential and assume a larger leadership role in this market.”

Located at 6500 Doubletree Avenue, the Crowne Plaza Columbus North is convenient to the area’s 20 colleges and universities including The Ohio State University, major technology and distribution businesses, and the city’s convention center.  It also offers easy access to shopping centers and Huntington Ballpark, home of the Cleveland Indians’ triple-A baseball team.

“Columbus is a very attractive market, and the hotel is ideally situated, proximate to a number of demand drivers,” said Paul Nussbaum, Waramaug’s chief executive officer.  “Based on our previous experience with Interstate, we’re confident that their operating expertise, combined with the planned property improvements, will drive superior operating and investment results.”

In addition to the generous meeting space, the eight-story hotel offers an on-site restaurant and lobby lounge, fitness room, indoor/outdoor pool, business center and complimentary high-speed internet access.

About Interstate Hotels & Resorts
Interstate Hotels & Resorts, Inc., a wholly-owned subsidiary of a 50/50 joint venture between subsidiaries of Thayer Lodging and Jin Jiang, is the United States’ leading hotel management company, operating branded full- and select-service hotels and resorts, conference centers and independent hotels worldwide.  The company and its affiliates manage and/or have ownership interests in nearly 400 hotels with more than 70,000 rooms in 40 states, the District of Columbia, China, Russia, India, Mexico, Belgium, Canada, Ireland, England and the Netherlands.  The company has ownership in 58 of those hotels, including six wholly owned hotels.  Interstate Hotels & Resorts also has executed agreements for 25 hotels with more than 5,100 rooms under construction or development throughout the world.

For nearly two decades, Interstate Hotels & Resorts has been operating hotels outside of the United States.  The company's global hotel management platforms in Western Europe, Russia, India and China provide the resources and infrastructure necessary for comprehensive hotel management operations, sales and marketing, revenue management, e-commerce, procurement, food and beverage operations and technical services for hotel owners and developers seeking a proven and experienced hotel management company.

For additional information about Interstate, visit the company’s website:  www.ihrco.com.
.
Contact:

Jerry Daly, Lauralee Dobbins
Media
Daly Gray
(703) 435-6293
Lauralee@dalygray.com

Carrie McIntyre
SVP, Treasurer
Interstate Hotels & Resorts
(703) 387-3320
carrie.mcintyre@ihrco.com




 Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

To Learn More About Your News Being Published on Hotel-Online Inquire Here

.
Also See: Interstate Hotels & Resorts Assumes Management of the 473-room Pheasant Run Resort in St. Charles, Illinois / January 2012

Interstate Hotels & Resorts Assumes Management of the 122-room Holiday Inn Express & Suites in Montrose, Colorado; Property Recently Acquired by an Affiliate of Blue Cougar Investments / January 2012

Interstate Hotels Completing Multi-Million Dollar Renovation of the 329-room Hilton Concord Hotel in Concord, California; The Project, Incorporating Environmental and Sustainable Systems, is Scheduled for Early 2012 Completion / December 2011

Jim Abrahamson Transitions to CEO of Interstate Hotels & Resorts; Senior Leadership Team Appointed with Ted Knighton as COO / November 2011

Interstate Hotels & Resorts Executes Agreement to Manage the 136-room Four Points by Sheraton Kecskemét in Hungary to Open in 2013 / November 2011

Max Ng Appointed as Senior Vice President of Development for Interstate China Hotels & Resorts, an Interstate Hotels and Jin Jiang International Hotels Joint Venture / November 2011

Interstate Hotels & Resorts and JHM Hotels Joint Venture to Manage the 120-room New-build Ramada Hotel in Alleppey, Kerala, India / November 2011

Noble Investment Group and Interstate Hotels & Resorts Form New Dedicated Hotel Management Platform; Interstate Acquires Noble Management Group, Will Now Operate as Noble-Interstate Management Group / November 2011

Interstate Hotels & Resorts Enters JV with Netherlands-based TVHG Budget Group Beheer BV to Develop a Nine-hotel Portfolio in the Netherlands / September 2011

PURE Allergy Friendly Rooms to be Featured in Six Cleveland, Ohio Area Residence Inn by Marriott Properties Managed by Interstate Hotels & Resorts / August 2011

Interstate Hotels & Resorts in a Joint Venture with JHM Hotels to Operate Two New Hotels in India, the 63-room Rajasthali Resort & Spa in Jaipur and the 145-room Ramada Amritsar in Amritsar / July 2011

Interstate Hotels & Resorts Completes Multi-Million Dollar Renovation of the 390-room Houston Marriott North in Texas / July 2011

Interstate Hotels & Resorts Appoints Emily Boling Lynn as Vice President, Global Sales and Strategic Accounts / July 2011

Interstate Hotels & Resorts Executes Agreements with NBB-Development to Manage Six Hotels in Sochi, Russia, Site of 2014 Winter Olympics / July 2011

Interstate Hotels & Resorts Names Julie Pangelinan Chief Financial Officer / July 2011

Jim Abrahamson Appointed as President and COO of Interstate Hotels & Resorts / June 2011

Interstate Hotels & Resorts Assumes Management of Homewood Suites Jackson-Ridgeland in Mississippi and the Staybridge Suites Denver Cherry Creek in Colorado Increasing to 67 the Number of Hotels Managed for Summit Hotel Properties / May 2011

Interstate Hotels & Resorts Opens the 88-room Four Points by Sheraton Long Island City/Queensboro Bridge Hotel in Queens, New York, Owned by 39th Ave Holding LLC / May 2011

Interstate Hotels & Resorts Assumes Management of 30-hotel Portfolio, Comprising 4,060 rooms, Owned by Inland American Real Estate Trust; Portfolio Now Includes 337 Properties / April 2011

Interstate Hotels & Resorts Acquires 262-room Sheraton Denver Tech Center in a Joint Venture with Waramaug Hospitality; Will Begin $5.75 Million Renovation / February 2011

Senior Management Team Appointed for Interstate China, an Interstate Hotels & Resorts Joint Venture with Shanghai Jin Jiang International Hotels / February 2011

Interstate Hotels & Resorts Assumes Management of Summit Hotel Properties’ 65-hotel Portfolio / February 2011

BTW Hotel Holdings, LLC Selects Interstate Hotels & Resorts to Manage the Comfort Inn Manhattan Bridge in New York City / February 2011

Inland American Lodging Advisor & IHG Open the Crowne Plaza Charleston Airport Convention Center in Charleston, South Carolina, Following $13 million Renovation and Conversion from a Quality Inn & Suites; Property Managed by Interstate Hotels & Resorts / January 2011

The Hilton Lexington/Downtown Appoints 3 Execs Including Emily Boling Lynn to Director of Sales & Marketing / June 2010

Interstate Hotels & Resorts Named to Manage Freestyle Park Resort Hotel in Moscow; Futuristic Resort to Feature Indoor Ski Slope, Entertainment, Retail, Movies, Restaurants / November 2008

Interstate Hotels & Resorts Opens Hilton Moscow Leningradskaya Hotel; First Hilton Brand Hotel in Russia's Capital City / August 2008

Interstate Hotels & Resorts Appoints Three Vice Presidents to Head Up Moscow Operations / February 2007

Interstate Hotels & Resorts Promotes Ted Knighton to President, Hotel Operations / June 2006
.

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

Home | Welcome | Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.