| DALLAS � August 22, 2000 - Atef Mankarios, Chairman and President of
Foresthills Hotels and Resorts, announced today that it has partnered with
several Atlanta-based companies for the purchase of the historic Days Inn
Hotel in midtown Atlanta. The agreement was reached between Diversified
Peachtree, Ltd., and a partnership made up of Crow Hospitality Investment
Group of Atlanta, prominent historic and preservation architect Larry Evans
of New Place Companies of Brunswick, Ga and Foresthills Hotels & Resorts
to purchase the historic hotel. The purchase is expected to close
in mid October.
Located on Peachtree opposite the famed Fox Theatre, the hotel originally
opened as "The Carlton" in 1927 and will revert to its original name, undergoing
a major transformation into Atlanta's only small luxury hotel. With
approximately 90 oversized rooms and suites, the hotel will offer a dining
room and a lobby lounge, both featuring the original oak paneling of the
1920's. To be completed in late 2002, the restoration is expected
to cost a total of more than $22 million.
"We could not be more pleased to be part of the
extensive restoration and on-going management of The Carlton which, upon
successful completion, will once again be a major landmark in the city
of Atlanta,� said Mankarios.
Ideally located for both business and leisure travelers, the hotel
will offer exemplary personalized service, including butler service on
each floor reminiscent of the old Pullman Car service of the 1920's and
30's. In addition to its guest rooms and suites, the hotel will feature
condominiums on its top three floors ranging in size from 1,200 to 3,000
square feet. The luxury condominiums will allow owners full use of
the hotel�s elegant facilities and services.
�We are extremely lucky to have Foresthills Hotels & Resorts on
board as they are themost experienced group of luxury hotel operators in
the country and will bring a totally unparalleled style of service for
our future guests,� said John Crow, President |
Foresthills Hotels and Resorts to Manage
Luxury Five-Star Resort in Turkey
DALLAS � August 4, 2000 - Atef Mankarios, Chairman and
President of Foresthills Hotels and Resorts, announced today that his company
has been appointed manager, under a long-term contract, of the Samara Hotel
in Bodrum, Turkey.
Hotel Samara
Bodrum, Turkey
The 245-key resort will undergo a multimillion dollar renovation,
which when complete will offer the finest accommodations on the Aegean
Sea. The beachfront resort has three pools, a health spa, meeting
facilities, and four food and beverage outlets. The resort will continue
full operations during the renovations and will be completed by the 2002
season. |
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of the Crow Hospitality Investment Group. "With a collective l50
years experience in the hospitality industry, Foresthills brings a level
of enthusiasm, creativity and expertise that will be integral to the success
of The Carlton, and is unmatched in the industry.�
The Crow Hospitality Investment Group and New Place Companies will serve
as co-developers of the project. Larry Evans was selected lead architect
for his award winning restoration work on such landmark buildings as the
Jekyll Island Club. Richard Standard of CDH partners in Marietta,
Georgia, has been appointed as architect while Kevin Grass of Winter Construction
of Atlanta has been named as general contractor. In addition to being
investors, Foresthills Hotels & Resorts has entered into a long-term
management contract with the owning partnership and will provide technical
assistance to the restoration process.
Established in 1998, Foresthills Hotels and Resorts continues the rapid
growth of its portfolio of distinctive independent luxury hotels and resorts.
In addition to The Carlton, the company currently has ten hotels and resorts
operating or under development in Philadelphia (Pennsylvania), Brescia
(Italy), Monte Carlo (Monaco), Nice (France), Malaga (Spain), Cairo (Egypt),
Carneros (California), Bodrum (Turkey), and St. Philip (Barbados).
With its world headquarters in Dallas, Foresthills Hotels & Resorts
operates additional marketing and sales support offices in New York, Frankfurt,
London, and Cairo. Apollo Real Estate Advisors, based in New York,
provides financial backing to Foresthills.
| Established in 1998, Foresthills Hotels and Resorts, by Atef Mankarios,
is rapidly expanding. The company now has ten hotels and resorts
operating or under development.
The Warwick Hotel & Towers
Philadelphia, Pennsylvania
A legendary �Grand Dame� ideally located in downtown
Philadelphia, The Warwick features completely renovated rooms and suites
that respect its glorious past. This majestic hotel boasts a variety of
room and suite layouts due to the detailed architectural designs when built.
Foresthills Hotels & Resorts is providing full management services
under a long-term agreement.
Palazzo Arzaga
Brescia, Italy
Palazzo Arzaga is a newly completed luxury resort situated
in an elegantly restored 15th century building near Verona. The resort
features a Saturnia Spa, as well as Jack Nicklaus and Gary Player championship
golf courses, and majestically sits on 400 hectares of farmland in the
Lombardi region of Italy. Foresthills Hotels & Resorts is providing
full management services under a long-term agreement.
Le Port Palace
Monte Carlo
The elegant city�s first luxury hotel in 25 years will
include 50 luxury suites and a Michelin star dining room. The hotel will
also feature personal butler service along with incredible views of the
famed Yacht Harbor. La Port Palace hotel is scheduled to open in fall 2001.
Foresthills Hotels & Resorts is providing technical assistance, ongoing
management, and marketing services under a long-term agreement.
Owings Mills, Maryland
A 100-room luxury, European-style inn, The Inn at McDonogh
is located on seven wooded acres and includes a building with a 20,000
square foot corporate training facility. The Inn is scheduled to open in
early fall 2002. Foresthills Hotels & Resorts is providing technical
assistance, ongoing management, and marketing services under a long-term
agreement.
The Tamarind Club
St. Philip, Barbados
Set in 320-acres, this luxury resort is scheduled to
open fall 2003. The Tamarind Club will feature 600 square-foot rooms and
is destined to become the premier resort in the region. In addition to
120 luxury rooms, the resort will offer 18-holes of championship golf,
to be operated by Gleneagles, as well as a luxury spa and wellness center,
and a beach club. Foresthills Hotels & Resorts is providing technical
assistance, ongoing management, and marketing services under a long-term
agreement.
Texas Star
Cairo, Egypt
Two luxury boats, undergoing extensive renovations will
begin operation in the summer of 2000. They will offer distinctive U.S.
Southwestern cuisine to individual diners, groups, and functions while
cruising the amazing Nile River. Foresthills Hotels & Resorts is providing
ongoing management services under a long-term agreement.
The Airport Garden
Brussels, Belgium
This full-service 4 ½-star hotel and conference
center of 335 rooms features a tranquil setting of beautifully tended gardens
with a lake, and includes a European wellness center. It is located within
minutes of the Brussels International Airport and provides easy access
to downtown by motorway. Set to open late 2002. Foresthills Hotels &
Resorts is providing technical services to the property.
Carneros Inn
Carneros, California
A luxury resort and spa in the Carneros Valley, (in the
heart of the California wine country), one hour from San Francisco, features
86 uniquely designed guest rooms and suites set to open in spring of 2002.
Foresthills Hotels & Resorts is providing technical assistance, pre-opening,
and ongoing management services under a long-term agreement.
Forest Lauro Resort
Malaga, Spain
This 140-room luxury resort and spa in the hills above
Malaga offers two 18-hole championship golf courses, a European spa, and
meeting facilities. Forest Lauro Resort is destined to be the only five-star
resort on the Costa del Golf. Foresthills Hotels & Resorts is providing
technical assistance, pre-opening, and ongoing management services under
a long-term agreement.
Hôtel Relais de L�Abbaye
Castagniers, Nice,
Côte D�Azur, France
Situated in the hills above Nice on the Côte D�Azur,
this 15th century monastery with views down the Var Valley to the Mediterranean
will open in late 2002. The hotel will feature 120 rooms and suites, a
European wellness spa, pools, and golf. Foresthills Hotels & Resorts
is providing technical assistance, pre-opening, and ongoing management
services under a long-term contract.
Hotel Samara
Bodrum, Turkey
Located directly on the beautiful Aegean Sea, near the
town of Bodrum, this luxury resort has 245 rooms and suites, a private
beach, three pools (one indoor), tennis, and a European health spa. The
resort will be undergoing a major renovation to bring it up to 5-star standards
by spring 2002. Foresthills Hotels & Resorts is providing technical
assistance, ongoing management, and marketing services under a long-term
contract.
The Carlton Hotel
Atlanta, Georgia
A landmark historical building, The Carlton Hotel is
located in mid-town Atlanta within steps of most major businesses and opposite
the famous Fox Theatre. The Carlton has 75 luxurious rooms/suites, butler
service, a restaurant, and an oak paneled lobby lounge serving afternoon
tea and beverages. |
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