Hotel Online Special Report 
A $10 million Renovation Transforms the Former Ramada Plaza to the Crowne Plaza Harrisburg Designated the Most Outstanding New Hotel to Enter the Crowne Plaza System in 2000 BETHESDA, MD, October 9, 2000 – The Crowne Plaza Harrisburg has received the Bass Hotels & Resorts 2000 Newcomer of the Year Award given to the most outstanding new hotel to enter the Crowne Plaza system each year. The award was presented Tuesday, October 3, 2000, during the annual Bass Hotels & Resorts Global Investors Conference held in Las Vegas, Nevada. The Crowne Plaza Harrisburg is managed by Crestline Hotels & Resorts, Inc., a subsidiary of Crestline Capital. Owner’s representative Fred Jahnig and Tom Baker, Senior Vice President – Development of Crestline Hotels & Resorts, accepted the award on behalf of the Crowne Plaza Harrisburg.
“I am delighted that the Crowne Plaza Harrisburg has been recognized for its outstanding opening and pre-opening achievements,” said David L. Durbin, Executive Vice President of Crestline Hotels & Resorts. “The sensational opening of the hotel could not have been accomplished without the hard work and dedication of our staff and our designer, R.D. Jones and Associates. With the upgrade in both physical and technological aspects of the hotel, the new Crowne Plaza had the second highest opening quality evaluation in Crowne Plaza history. ”
A six-month, $10 million renovation transformed the former Ramada Plaza to the Crowne Plaza Harrisburg. The renovation included all guestrooms and suites and 10,000 square feet of meeting space. Located at 23 South 2nd Street in the heart of downtown Harrisburg, Pennsylvania, the 261-room property offers a full business center, fitness center, turndown service and an executive level.
Crestline Hotels & Resorts is a subsidiary of Crestline Capital Corporation (NYSE: CLJ), a major investor and lessee of hotel real estate. The subsidiary was formed in March 2000 to acquire the infrastructure and 27 management contracts and leases of two privately held, highly respected hotel management companies: Atlanta-based Stormont Trice Management Corporation and The Durbin Companies, based in McLean, Va. The two companies had combined 1999 gross revenues of nearly $200 million.
Crestline Hotels & Resorts has aggressive plans to become one of the nation’s five largest independent hospitality management companies in the next two years. To achieve its goal, the company intends to pursue three avenues of growth:
1. Managing and acquiring hotels, including co-investing with owners or developers, where appropriate; 2. Acquiring other management companies; and 3. Entering public/private partnerships to invest in and subsequently manage major hotel projects and conference and convention centers.
Lobby of the Crowne Plaza Harrisburg 23 South 2nd Street Harrisburg, Pennsylvania The company also benefits from the full financial backing of its parent company, Crestline Capital, which has over $600 million to co-invest with owners or to acquire hotels outright.
Crestline Capital Corporation, parent company of Crestline Hotels & Resorts, is the nation’s largest independent hotel leasing company, majority owner of an upscale extended-stay hotel portfolio, and owner of one of the nation’s premier senior living community portfolios.
Crestline Hotels & Resorts manages and leases 33 hotels, resorts and conference and convention centers with 6,572 rooms in twelve states and the District of Columbia. Crestline Hotels & Resorts manages properties independently and under such well regarded brands as Marriott, Hyatt, Hilton, Sheraton, Renaissance, Crowne Plaza, Hilton Garden Inn, Holiday Inn, Courtyard by Marriott and Residence Inn.
Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995.
Crestline Hotels & Resorts is a subsidiary of Crestline Capital Corporation (NYSE: CLJ), a major investor and lessee of hotel real estate. The subsidiary was formed in March 2000 to acquire the infrastructure and 27 management contracts and leases of two privately held, highly respected hotel management companies: Atlanta-based Stormont Trice Management Corporation and The Durbin Companies, based in McLean, Va. The two companies had combined 1999 gross revenues of nearly $200 million.
Crestline Hotels & Resorts has aggressive plans to become one of the nation’s five largest independent hospitality management companies in the next two years. To achieve its goal, the company intends to pursue three avenues of growth:
1. Managing and acquiring hotels, including co-investing with owners or developers, where appropriate; 2. Acquiring other management companies; and 3. Entering public/private partnerships to invest in and subsequently manage major hotel projects and conference and convention centers.
Lobby of the Crowne Plaza Harrisburg 23 South 2nd Street Harrisburg, Pennsylvania The company also benefits from the full financial backing of its parent company, Crestline Capital, which has over $600 million to co-invest with owners or to acquire hotels outright. Contact: Heather Scanlon (240) 694-2067 Michael Chen (240) 694-2191 http://www.crestlinehotels.com Also See Crestline Hotels & Resorts, Inc. Assigned to Manage the Franklin Marriott and Cool Springs Conference Center and Hyatt Regency Wichita / August 2000 Crestline Hotels & Resorts, Inc. and Stormont Trice Development Corporation Form Alliance; Provides Advantage in Creating New Hotel Projects / April 2000