McLean, Virginia � April 25, 2003 - Crestline
Hotels & Resorts, Inc. will manage the new 176-room Hilton Garden Inn
under development in Virginia Beach, Virginia. The hotel, located
at the new Town Center of Virginia Beach, is scheduled to open in November
2003.
| The City of Virginia Beach chose
Armada/Hoffler as Master Developer of its Town Center and through their
relationship with Armada, Barceló Crestline was selected as the
joint venture partner. Crestline Hotels & Resorts, Inc, a Barceló
Crestline company, will manage the hotel. Dave Durbin, President
& CEO of Crestline Hotels & Resorts said, �We�re very excited
to be involved with this hotel project and continue to expand our management
portfolio in the growing Tidewater area.�
The Hilton Garden Inn, Virginia Beach is part of a planned public/private
Town |
100,000 SF, 176-key Hilton Garden Inn broke ground October 2002 and is
scheduled to officially open in November of 2003. |
|
Center development that will consist of several office buildings, retail
outlets and a performing arts center. The Hotel will be a seven-story
urban limited-service product and will offer amenities for both the business
and leisure traveler. Features include over 2700 square feet of meeting
and event space, a complimentary 24-hour business center, guestrooms with
an oversized work desk plus two telephones and high speed Internet access.
All guests will enjoy the microwave, refrigerator and coffee maker in every
guestroom. The property offers a swimming pool, whirlpool, and fitness
center, and a Pavilion Pantry� convenience mart which will sell snacks
and sundry items 24-hours a day.
Barceló Crestline Corporation is the parent company of Crestline
Hotels & Resorts, Inc. Barceló Crestline also leases and
has investments in hotel properties.
Crestline Hotels & Resorts, Inc. manages and leases 29 hotels, resorts
and conference and convention centers with nearly 6,400 rooms in eleven
states and the District of Columbia. Crestline Hotels & Resorts
manages properties independently and under such well regarded brands as
Marriott, Hilton, Sheraton, Renaissance and Radisson.
Certain matters discussed herein are forward-looking statements within
the meaning of the Private Litigation Reform Act of 1995. |
