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to Manage Hilton Garden Inn Conversion at Dallas Market Center |
McLean, Virginia � July 7, 2003- Crestline Hotels
& Resorts, Inc. will manage the 240-room Hilton Garden Inn under development
near the Dallas Market Center in Texas. The conversion of an existing
hotel to the Hilton Garden Inn brand will take eight months and is scheduled
to open in the first quarter of 2004. The hotel is located
off North Stemmons Freeway across from the Dallas Market Center and adjacent
to the Wyndham Anatole Hotel.
Crestline Hotels & Resorts� portfolio of managed hotels includes
many high quality urban properties under brands such as Hilton Garden Inn
and Courtyard by Marriott. Dave Durbin, President & CEO of Crestline
Hotels & Resorts said, �We�re very excited to be involved with
another hotel repositioning project. Our ability to assess a market,
then re-brand and reposition a hotel can create significant value for the
owners. Oftentimes, in this economic environment, a repositioning
is essential for the hotel�s financial success.� Durbin added, �This
is our third Hilton Garden Inn currently under construction. In addition
to our portfolio of Hilton Garden Inns we are now working on the repositioning
of a Homewood Suites.�
About the Hotel:
About the Companies:
Songy Partners Limited (SPL) is a commercial real estate firm based in Atlanta, Georgia and active throughout the country. SPL has launched more than $1.0 billion in commercial projects and focuses predominantly on urban niche opportunities for office and hotel development. The firm acquires, renovates and develops institutional quality real estate projects throughout the United States. In the hospitality industry, SPL is active in new construction and historic rehabilitation, including, the conversion of a vacant Atlanta Midtown office building into the Residence Inn. Additional information about the hotel development company is available at the company�s web site: www.songypartners.com. Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as �believes,� �expects,� �may,� �will,� �should,� �estimates� or �anticipates� or the negative thereof or comparable terminology. |
Contact:
Vicki Denfeld
(571) 382-1814 www.crestlinehotels.com |