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Dallas, Texas - November 7, 2001 - Harrell Hospitality Group, Inc (OTC
BB: �HLTLA�) today announced, due to recent events and their effect on
the availability of debt financing, that together with Commercial Development
Group, it has abandoned the development of a Hilton Garden Inn and another
property on an adjacent site in Penfield (Rochester), New York.
The Hilton Garden Inn projects in Westborough (Boston), Massachusetts, and Anderson, South Carolina are still in development, and Harrell and CDG expect to proceed, however an anticipated date of construction commencement is not known at this time. Harrell Hospitality Group, Inc is a London and Dallas based hotel investment and Management Company, which operates full service hotels and is an approved franchisee of Marriott, Hilton, Sheraton, Holiday Inn and others. |
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Jennifer Warner Harrell Hospitality Group, Inc. 16475 Dallas Parkway Suite 410 Addison, TX 75001 (972) 380-0273 FAX: (972) 380-4795 www.harrellhospitality.com |
Also See | Harrell Hospitality Group and Commercial Development Group To Construct Four Hotels / Oct 2000 |