Hotel Online Special Report

 Hostmark Awarded Management Contract for 
Gunter Hotel in San Antonio
Company Wide Average Daily Rate Up 5.1% for 1st Quarter
Schaumburg, Ill. - May 18, 1999 - Hostmark Hospitality Group announced increases in revenue margins for the first quarter of 1999 with a  REVPAR increase of 11.6 percent over the same period last year. 

The average rate for the combined 42 hotels and resorts within the company increased 5.1 percent over 1998.  Overall gross operating revenue was up 4.8 percent over 1998. 

Hostmark Hospitality Group has been awarded the contract  to manage the Gunter Hotel in San Antonio, Texas.  Houston Street Hotel  Partners L.P., a venture of ING Realty Partners L.P. purchased the hotel.   ING Realty Partners is an entrepreneurial real estate investment entity  primarily focused on real estate investments in the United States and Canada. 

The 322 guest room and suite hotel is one of the most historic landmark  properties in San Antonio.  The rooms, decorated in cattlemen's club style, are all updated for the convenience of the business traveler.  The Gunter,  located at the corner of Houston and St. Mary's Streets, 100 yards from the  famous Riverwalk and four blocks from the Alamo, offers a complete fitness  center, outdoor heated swimming pool and whirlpool, The Café, serving 3 meals  a day and a European style patisserie offering sandwiches and pastries. 

Hostmark Hospitality  Group is the largest privately held third-party hospitality management and development firm in the country, operating more than 41 hotels and resorts worldwide. 
Founded in 1965, Hostmark is a full service management firm providing sales and marketing, human resources, food and beverage operations, accounting, finance, information systems, construction, design, development support and consulting services to full-service and limited-service hotels, resorts and conference centers in the United States, Canada and the Middle East. 

Hostmark has achieved solid results for clients such as ING Realty Partners,  Oaktree Capital Management, CIGNA, Metropolitan Life and GE Capital.   Franchises represented include Marriott, Hilton, Sheraton, Radisson, Omni, Embassy Suites, Crowne Plaza, Hawthorn Suites, Ramada, Holiday Inn, Howard  Johnson, Days Inn, Choice Hotels and independent resorts. 

Headquartered in Schaumburg, Ill, Hostmark has regional offices in Orlando, Fla; Washington, D.C.; Denver, Colo; and Cairo, Egypt. 

Jane Kaplan or Karen May
Also See: Marcus Debuts Baymont Inns & Suites - The Re-branding and Re-positioning of Budgetel Inns / Jan 1999 
Name Change from Budgetel Inns to Baymont Inns Designed to Improve RevPAR by Expanding the Customer Base and Increasing Franchise Development / Sept 1998 

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