Management Agreement for the Le Soleil Hotel –
|Vancouver, February 28, 2002 – Executive Hotels & Resorts (CDNX:EIG)
announced today that it has signed a long term agreement with Le Soleil
Owners Group Inc. to manage all of its 93 hotel suites in the Le Soleil
Hotel – Vancouver in British
"We are delighted to be able to expand our portfolio of premiere Executive managed city center hotel destinations where there are still many opportunities for us to grow,'' said Salim Sayani, Chairman and CEO, Executive Hotels and Resorts. "This excellent property will continue our unique brand of personalized service in the world of premiere boutique hotels and fulfill the growing need in Vancouver for stylish and exciting hotel accommodations with superior levels of service. The existing senior management of the hotel have now been retained by Executive Hotels & Resorts for the operation of the Le Soleil Hotel and the entire team looks forward to the upcoming Spring season with great enthusiasm''
With a history spanning two decades and a portfolio that now extends
to eighteen properties in North America, Executive Hotels and Resorts is
becoming the country’s leading operator of executive level hotels, resorts
and conference destinations. In 2001, the company opened four hotels in
Canada and continues to expand, with 6 projects in development stages in
choice locations across North America and Asia.
Vice President, Business Development
Executive Hotels and Resorts (Vancouver)
(604) 642 5254
|Also See||Vancouver's 122 Suite Hotel Le Soleil Built at Cost of $650 Per Square Foot / Oct 1999|