Adam's Mark Leading the Resurgence of Building Hotel Megaplexes / Sept 1998

Hotel Online Special Report

---

Adam's Mark Leading the Resurgence of Building Hotel Megaplexes Spends $500 Million In 1998

ST. LOUIS, Sept. 21, 1998 - Adam's Mark Hotels Resorts, an upscale, quality-tier hotel chain, has committed to more than $500 million in capital improvements through 1998. One of the largest independently owned and operated hotel organizations, Adam's Mark is leading the resurgence of building hotel megaplexes.

Projects range from interior enhancements and upgrades to major conversions of existing and newly acquired properties, including construction of an 1,844-room property in Dallas and quadrupling the amount of meeting space at the new Adam's Mark Buffalo to more than 72,000 square feet.

"Adam's Mark Hotels Resorts is committed to reinvesting and expanding its property portfolio, which includes some of the finest and largest hotels being built today," said Fred S. Kummer, president and CEO of Adam's Mark Hotels Resorts.

Capitalizing on the lack of downtown meeting space in most major metropolitan areas, the company has flourished, nearly tripling the number of rooms to more than 11,000 over the last five years. Representing nearly 1 million square feet of flexible meeting space, Adam's Mark Hotels Resorts is designed to accommodate the discerning business traveler and meeting groups of all sizes.

ADAM'S MARK DALLAS TEXAS	Project: $200 million - The biggest hotel in Texas and the third largest in the country 1,844 rooms with more than 230,000 sq. ft. of meeting space.
ADAM'S MARK DENVER COLORADO	Project: $135 million - The largest hotel in Colorado with 1,225 guest rooms and 125,000 sq. ft. of meeting space.
ADAM'S MARK JACKSONVILLE FLORIDA	Project: $126 million - When completed, this hotel will be one of the largest properties in Florida with 950 guest rooms and more than 127,000 sq. ft. of meeting and exhibit space.
ADAM'S MARK SAN ANTONIO RIVERWALK TEXAS	Project: $50 million - The 410 room hotel with the most meeting space on the Riverwalk -- 37,000 sq. ft.
ADAM'S MARK DAYTONA BEACH RESORT FLORIDA	Project: $45 million - Located on world famous Daytona Beach, the resort has announced plans to build an adjacent oceanfront tower.
ADAM'S MARK COLUMBUS OHIO	Project: $35 million - The newest and finest hotel in the capital city with nearly 23,000 sq. ft. of meeting space.
ADAM'S MARK BUFFALO NEW YORK	Project: $12 million - The newest member to the meeting hotel portfolio features 471 rooms and 16,000 sq. ft. of meeting space.
ADAM'S MARK CHARLOTTE NORTH CAROLINA	Project: $8 million - The city's largest hotel with 613 rooms, 52,000 sq. ft. of meeting and pre-function space, including an elegant 16,000 square-foot Symphony Ballroom.
ADAM'S MARK WINSTON-SALEM NORTH CAROLINA	Project: $7 million - As the third largest hotel in North Carolina, the full-service property includes 605 rooms.
ADAM'S MARK INDIANAPOLIS INDIANA	Project: $7 million - Offering meeting planners more than 32,000 sq. ft. of flexible meeting space centralized on one floor, the airport property is the largest meeting hotel in the city.
ADAM'S MARK TULSA OKLAHOMA	Project: $5 million - The downtown hotel includes 38,000 sq. ft. of optimal meeting space.
ADAM'S MARK CLEARWATER BEACH FLORIDA	Project: $4.5 million - Minutes from Tampa on Florida's Gulf Coast, the property includes 207 guest rooms.
ADAM'S MARK ST. LOUIS MISSOURI	Project: $3 million - The largest hotel in St. Louis features 910 rooms and 76,000 sq. ft. of space.
ADAM'S MARK KANSAS CITY MISSOURI	Project: $1 million - Home of the Royals, Chiefs and major league soccer -- the property has 374 rooms.
ADAM'S MARK MEMPHIS TENNESSEE	Project: Multimillion - Situated within a campus-like business park, this 27-story hotel, includes 408 rooms.
ADAM'S MARK ORLANDO FLORIDA	Project: Multimillion - Connected to the upscale Florida Mall, the property features 496 guest rooms and more than 20,000 sq. ft. of meeting space.
ADAM'S MARK COLUMBIA SOUTH CAROLINA	Project: Multimillion - The unique anchor of downtown Columbia includes 301 guest rooms.
ADAM'S MARK MOBILE ALABAMA	Project: Multimillion - Located downtown overlooking Mobile Bay and connected to the Mobile Convention Center, the hotel boasts 375 guest rooms and 32,000 sq. ft. of meeting space.
ADAM'S MARK HOUSTON TEXAS	Project: $500,000 - The largest meeting hotel in the city with 604 rooms and more than 41,000 sq. ft. of meeting/exhibit space.
ADAM'S MARK PHILADELPHIA PENNSYLVANIA	Project: Multimillion - The third largest hotel in the city of brotherly love, has 515 rooms with one floor of expansive meeting and exhibit hall space totaling 50,000 sq. ft.

###

Contact: Catherine Sanders, The Zimmerman Agency, 850-668-2222, or e-mail, [email protected]

Also See:

St. Louis - Based Chain, Adam's Mark, Striving to Make its Mark / HMM / Jeff Higley / May 1998