| �The Rosemont
Suites at O�Hare, located directly across from the Donald E. Stephens Convention
Center, is the only first-class, all-suite hotel in such close proximity
to O�Hare Airport,� said Murray Dow II, president of the Dow Hotel Company.
�Its prime location, coupled with our proprietary management and marketing
programs, will give the hotel a strong competitive advantage in a market
that has high barriers to new competition. Our goal is to make this
the most popular upscale hotel in the O�Hare market through attentive service,
the property�s exceptional physical condition and price-value.�
Located at 5500 North River Road in the booming
Rosemont market, the hotel is located within minutes of the Rosemont Theater,
the O�Hare International Airport and the Allstate Arena. Hotel amenities
include an indoor pool, state-of-the-art exercise room, whirlpool, sauna,
the upscale Prairie Grille Restaurant, seven-story garden atrium, business
center, 15,000 square feet of meeting space for larger groups and corporate
associations and complimentary transportation to and from O�Hare International
Airport.
�We will target four distinct groups of guests,�
said Dow. �The hotel will be |
Murray L. Dow II - President
 With
nearly 30 years experience as a hotel professional, Dow has developed a
proven track record. Prior to founding DHC in 1997, Dow was Executive Vice
President and Chief Operations Officer of HEI Hotels, based in Westport,
CT. Under Dow�s direction, HEI hotels grew from one property to twenty
with $200 million in annual sales. He established acquisition strategy,
operations and service standards, accounting procedures, financial investment
and ownership relations� practices for the company.
Prior to joining HEI Hotels, Dow was the first General
Manager in Interstate Hotels� history to open a new hotel on time and under
construction budget at The Boca Raton Marriott Hotel. He was previously
the Managing Director of Christensen Hotels, responsible for first class
properties in the Seattle Area. He spent over five years with Four Seasons
Hotels, as Resident Manager, Executive Assistant Manager and Rooms Division
Manager of The Four Seasons Olympic, The Four Seasons Clift and The Ritz
Carlton Chicago. Dow began his career with Westin Hotels at The Benson
Hotel, where he started as a management trainee, cycled through all phases
of rooms and food & beverage operations and became the opening Assistant
Rooms Director of The Westin Plaza Detroit. Dow is a graduate of Western
Washington University with a dual major in Economics and History. |
a major gathering place for discerning travelers
that desire a quality destination. The property can accommodate small
meetings in any of its 26 conference suites and larger groups in
its soaring seven-story atrium. Because of our close proximity to
the airport, we expect to be a popular location for business travelers.
On weekends, especially during the long Chicago winters, our indoor pool
and other upscale amenities should be a natural attraction for families.�
Dow noted that the joint venture continues to
seek acquisition opportunities in Chicago and other midwestern locations,
as well as on both coasts. �We have access to funds and are aggressively
seeking to acquire mid- to large-size full-service properties like the
Rosemont Suites at O�Hare,� he said.
�The Rosemont O�Hare is an excellent investment
with tremendous upside potential,� said Collete English-Dixon, vice president,
Prudential Real Estate Investors. �We continue to see properties
such as this as prudent investments in today�s economic environment.�
Prudential real Estate Investors provides global
real estate money management services to clients in the United States,
Europe, Asia and Latin America. The company manages more than $13.8
billion in assets on behalf of more than 325 institutional clients as of
June 30, 2000.
The Dow Hotel Company, headquartered in Seattle,
is a hotel management hotel and ownership company. In addition to
the Rosemont Suites at O�Hare, Dow Hotel Company currently has an ownership
position in and manages the 308-room Sacramento Radisson and the Clarion
Hotel James Madison, a 127-room boutique property in Norfolk, Va.
The company aggressively is seeking to acquire and manage other mid- to
large-size, full-service hotels, especially those that have extensive food
and beverage capabilities. |
