Crestline Hotels & Resorts Appointed by Trinity Hotel Investors, LLC, to Manage Two St. Paul Hotels --
The Crowne Plaza St. Paul Riverfront Hotel and The City Center Hotel St. Paul
St. Paul, MN / McLean, VA – March 3, 2006 – Crestline Hotels & Resorts, Inc. today announced its appointment by New York based Trinity Hotel Investors, LLC as the new management company for two landmark St. Paul, MN hotels: the upscale 475 guest room Crowne Plaza St. Paul Riverfront Hotel (formerly the Radisson Riverfront St. Paul) and the 250 guest room City Center Hotel St. Paul (formerly the Radisson City Center St. Paul). The two hotels were recently purchased by Trinity Hotel Investors.
“We look forward to our relationship with Trinity Hotel Investors which has an established reputation for investing in quality hotels and resorts,” said Dave Durbin, President & CEO of Crestline Hotels & Resorts. “The two St. Paul properties offer us an opportunity to work with Trinity in repositioning these hotels as the premiere properties in this city’s vibrant business district. Like Trinity, Crestline shares a commitment to operating first-class hotels and maximizing investment through excellent guest service and well run operations,” added Durbin.
“We are excited about the opportunity to enter the St. Paul market, to invest in the city and to continue to foster its downtown rebirth. We believe, with the aid of our renovation and repositioning plans and the brand power of the InterContinental Hotels Group, the Crowne Plaza St. Paul Riverfront will be the preferred destination for business, group and leisure travelers to downtown St. Paul,” said Brian Patrick Martin, a Trinity principal. “Further, as we renovate The City Center Hotel St. Paul, we feel strongly that it will provide the upscale product desired by the City’s corporate and leisure travelers. Essential to our efforts is our relationship with Crestline Hotels & Resorts. Their knowledge and expertise will be critical to the success of both properties,” he added.
The Crowne Plaza St. Paul Riverfront Hotel
The newly re-branded, Crowne Plaza St. Paul Riverfront Hotel recently underwent a complete renovation to its 475 upscale guest rooms and suites. Additional improvements are planned for the 55,000 square feet of meeting space, and public areas. The hotel is located at 11 East Kellogg Boulevard, in the heart of the Twin Cities Business district and offers skyway access to adjacent businesses and shopping. The hotel sits atop the bluffs of the Mississippi River offering an exceptional view and world-class service.
The hotel’s recently renovated guest rooms offer spacious comfort with high speed T-1 internet access, an executive desk, and a dual telephone line with voicemail. For meetings and banquets the 55,000 square feet of meeting space includes a 14,300 square foot grand ballroom and a second ballroom that is 10,000 square feet with views of the Mississippi River. For relaxation the hotel has a heated indoor swimming pool and a fitness center. For more information or reservations please call: 651-292-1900.
The City Center Hotel St. Paul
The City Center Hotel St. Paul will undergo a renovation that will include all guest rooms and public facilities. The hotel is located in downtown St. Paul at 411 Minnesota Street. It offers an inside walkway to the government center and retail space. For meetings the hotel offers more than 8,200 square feet of meeting space including a 4,000 square foot ballroom. Renovations are scheduled to begin later this year. For more information or reservations please call: 651- 291-8800.
About the Companies:
Trinity (www.trinityhotels.com) is a New York-based real estate investment company focusing on global hotel and resort investments. The principals of Trinity have consummated over USD 8.5 billion in global real estate investments. Past and present investments include: the Boca Raton Resort & Club, Boca Raton, FL; the Four Seasons Resort Santa Barbara, Santa Barbara, CA; the Kea Lani Resort and Villas, Maui, HI; Miraval Resort & Spa, Tucson, AZ; L’Auberge de Sedona, Sedona, AZ; and properties in the former Rafael Hotel Group, including the Mark Hotel, NY; the Hotel du Rhone, Geneva; the Hotel Munich; and the Turnberry Isle Resort, Aventura, FL.
Crestline Hotels & Resorts, Inc. is one of the nation’s largest independent hospitality management companies. Founded in 2000, the Company presently manages 40 hotels, resorts and conference and convention centers with nearly 9,700 rooms in 12 states and the District of Columbia. Crestline Hotels & Resorts manages properties independently and under such well regarded brands as Marriott, Hilton, Westin, Renaissance, Sheraton, Crowne Plaza, Wyndham and Radisson. Additional information about the hotel management company is available at the company’s web site: www.crestlinehotels.com.
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Note: 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. All forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual transactions, results, performance or achievements of the Company to be materially different from any future transactions, results, performance or achievements expressed or implied by such forward-looking statements. These may include: (i) national and local economic and business conditions or governmental regulations that will affect demand, prices, wages or other costs for hotels; (ii) the level of rates and occupancy that can be achieved by such properties; (iii) the Company’s ability to compete.
Contact: Gayle MacIntyre
Global Ink Communications
404-643-8222
gaylemacintyre@aol.com
