“Chatham Lodging Trust Completes Acquisition of Two Hotels” plus 2 more |
- Chatham Lodging Trust Completes Acquisition of Two Hotels
- Choice Hotels Launches Innovative Music Initiative to Support Nonprofit Causes and Musicians
- Omni Hotels & Resorts to Purchase Distinguished Amelia Island Plantation
| Chatham Lodging Trust Completes Acquisition of Two Hotels Posted: 25 Aug 2010 03:03 AM PDT |  25 August 2010
PALM BEACH, Fla. -- Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on upscale extended-stay hotels and premium-branded select-service hotels, today announced that it has completed the acquisition of two hotels as part of a previously announced four-hotel package. The hotels are the 86-room SpringHill Suites by Marriott® in Washington, Pa. and the 105-room Courtyard by Marriott® in Altoona, Pa. The hotels will continue to be managed by Concord Hospitality Enterprises. The company now has closed on three of the hotels in a previously announced four-hotel portfolio. The fourth hotel, a Residence Inn by Marriott® in White Plains, N.Y., remains subject to completion of due diligence and other closing conditions as previously reported. About Chatham Lodging Trust Chatham Lodging Trust is a self-advised real estate investment trust that was organized to invest in upscale extended-stay hotels and premium-branded select-service hotels. The company currently owns 10 hotels with an aggregate of 1,248 rooms/suites and has three additional hotels under contract to purchase. Additional information about Chatham may be found at www.chathamlodgingtrust.com. This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 about Chatham Lodging Trust, including those statements regarding acquisitions, capital expenditures, future operating results and the timing and composition of revenues, among others, and statements containing words such as "expects," "believes" or "will," which indicate that those statements are forward-looking. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results or performance to differ materially from those discussed in such statements. Additional risks are discussed in the company's filings with the Securities and Exchange Commission. litigation reform act, chatham lodging, estate investment trust, private securities litigation reform, private securities litigation reform act, securities litigation reform act, residence inn by marriott, private securities litigation reform act of 1995, real es Jerry DalyPresident United States - Herndon, Email: jerr@dalygray.com  Chatham Lodging Trustwww.chathamlodgingtrust.com/ 50 Cocoanut Row, Suite 200 USA - Palm Beach, FL 33480 Phone: (561) 802-4477
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| Choice Hotels Launches Innovative Music Initiative to Support Nonprofit Causes and Musicians Posted: 25 Aug 2010 09:35 AM PDT Press Release Source: Choice Hotels International, Inc. On Wednesday August 25, 2010, 12:35 pm EDT NEW ORLEANS and SILVER SPRING, Md., Aug. 25 /PRNewswire-FirstCall/ -- Choice Hotels International, Inc. (NYSE:CHH - News) is proud to announce the launch of Choice Hotels Music – an innovative new music initiative designed to give artists the rare opportunity to deliver their music to millions of consumers and retain ownership of their works while, at the same time, drive donations from Choice Hotels to leading non-profit organizations. As part of Choice Hotels Music, the company will produce original music and offer consumers the chance to download these songs for a limited time for free at ChoiceHotels.com. With each download, a financial donation will be made to a featured cause or charity. Choice Hotels Music has already begun producing ten songs that will be matched to appropriate charities, providing aid to a wide range of worthy causes—and plans to produce more songs on an ongoing basis. "Choice Hotels Music is truly a first in many ways," said Stephen P. Joyce, president and CEO for Choice Hotels. "Through this program, we're enabling charities to harness the emotional power of music and raise awareness and funds like never before, while also giving artists the chance to get their music heard through the powerful distribution system of Choice Hotels, which reaches and attracts millions of guests every day." To mark this achievement, Choice Hotels is pleased to present "My Brother's Keeper," an anthem of inspiration, community and commitment . The song was written and performed by Holly Montgomery as the launch song for the Choice Hotels Music initiative and benefits national nonprofit Rebuilding Together and its efforts to help the Gulf and New Orleans rebuild. "My Brother's Keeper" is now available on ChoiceHotels.com, where consumers can download the song for free for 30 days from August 25 through September 24. With each song download, Choice Hotels will donate $1, up to $10,000, to Rebuilding Together. "This song was inspired by the large number of New Orleans residents displaced by Katrina who still have not been able to return because they have no home," said Singer/Songwriter Holly Montgomery. "I hope that 'My Brother's Keeper' can serve as an anthem of hope for New Orleans residents still waiting for help and that this song can play a part in improving the lives of these people in need." On Saturday, August 28, at a special block party concert in New Orleans, Holly Montgomery will do a live performance of "My Brother's Keeper." This event culminates the efforts of Choice Hotels and Rebuilding Together's Fifty for Five initiative to rehabilitate 50 homes in New Orleans on the five-year anniversary of Hurricane Katrina. The effort moves Rebuilding Together closer to its pledge of completing 1,000 homes in the Gulf. The Choice Hotels Music initiative enables Choice Hotels to pursue its philanthropic causes and promote its brands while leveraging and maximizing the power of its customer database, its vast marketing and distribution system, and its leading online presence and eMarketing strategies. For artists interested in creating great music to support great causes, please visit choicehotels.com for updates on the initiative and the process that will soon be announced by Choice to identify artists, causes and songs. To download "My Brother's Keeper" for free from August 25 through September 24 and help support Rebuilding Together's efforts in the Gulf Coast, visit ChoiceHotels.com. About Rebuilding Together Rebuilding Together is the nation's leading nonprofit organization working to preserve affordable homeownership and revitalize neighborhoods by providing extensive rehabilitation and modification services to those in need at no cost to those served. About Choice Hotels Music Choice Hotels Music is an innovative initiative from Choice Hotels International that supports signature causes and artists by introducing new music to millions of listeners using the power of the company's leading edge marketing and distribution channels. Each song produced directly benefits a featured cause or charity through donations per download from choicehotels.com, and all music is produced to the artist's creative specifications and remains the ownership of the artist. About Choice Hotels Choice Hotels International, Inc. franchises more than 6,000 hotels, representing more than 490,000 rooms, in the United States and more than 35 other countries and territories. As of June 30, 2010, more than 580 hotels are under construction, awaiting conversion or approved for development in the United States, representing more than 47,000 rooms, and approximately 100 hotels, representing approximately 8,700 rooms, are under construction, awaiting conversion or approved for development in 20 other countries and territories. The company's Comfort Inn, Comfort Suites, Quality, Sleep Inn, Clarion, Cambria Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge and Rodeway Inn brands serve guests worldwide. In addition, via its Ascend Collection membership program, travelers in the United States, Canada and the Caribbean have upscale lodging options at historic, boutique and unique hotels. Additional corporate information may be found on the Choice Hotels International, Inc. Web site, which may be accessed at www.choicehotels.com. 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| Omni Hotels & Resorts to Purchase Distinguished Amelia Island Plantation Posted: 25 Aug 2010 04:18 AM PDT | 25 August 2010 Luxury Hotel Brand Continues Strategic Growth with Acclaimed Resort
IRVING, Texas -- Omni Hotels & Resorts announced that the luxury hotel brand was the highest bidder for the renowned Amelia Island Plantation, located 29 miles north of Jacksonville, Fla. The brand bid $67.1 million for the resort at an auction held on Aug. 23, which is contingent on the Amelia Island Company's Chapter 11 bankruptcy reorganization plan obtaining approval at another court hearing on Aug. 26. Omni Hotels & Resorts expects to take over full ownership and operation of the luxury resort sometime this fall. The brand plans to expand the resort development with approximately 125 additional guest rooms and suites as well as a new 16,000 square foot ballroom to accommodate additional meetings and events. "We are exceptionally pleased to add this extraordinary resort to the Omni portfolio given its great beauty, gracious accommodations and broad range of amenities," said Mike Deitemeyer, president of Omni Hotels & Resorts. "We believe that the property extends our luxury resort collection and exemplifies our commitment to deliver memorable experiences to our guests." The resort acquisition is part of Omni's ongoing strategic expansion across North America. The brand expanded in the last few years with the addition of the Omni Bedford Springs Resort in Bedford, Pa. (January 2009) and the Omni Mount Washington Resort in Bretton Woods, N.H. (September 2010). The luxury destination island resort – situated on 1,350 acres at the northern tip of Florida – is surrounded by the Atlantic Ocean, green marshlands and the Intracoastal Waterway. Known to be in perfect harmony with nature, the resort is ideal for a family beach vacation, a romantic getaway, a spa or golf vacation or meetings and events. Beyond the three and a half miles of wide, uncrowded beaches, the resort also exemplifies environmental sensitivity and sustainability and is designated as a sanctuary by Audubon International as well as a certified Green Lodging Destination. Accommodations include the Amelia Inn, with 249 ocean view guest rooms and the Villas of Amelia offering one, two and three bedroom villas with ocean, golf or resort views. The resort also offers a beautiful setting for meetings and events with nearly 50,000 square feet of space for conferences, retreats or weddings. The Conference Center includes two ballrooms as well as 15 breakout rooms, pre-function areas and outdoor venues. The resort features 54 holes of award-winning golf; a tennis center with 23 courts; a signature spa; numerous pools; a shopping village; a state-of-the-art fitness center; nine culinary venues ranging from casual to upscale; and recreation options from fishing, sailing and horseback riding to over seven miles of trails for hiking, segway tours, bike rentals and island hoppers. About Omni Hotels & Resorts To get additional information or book accommodations, visit omnihotels.com or call 1-800-The-Omni. amelia island plantation, bedford springs resort, square foot ballroom, bankruptcy reorganization, omni hotels, audubon international, chapter 11 bankruptcy, mount washington resort, intracoastal waterway, uncrowded beaches, lodging destination, reorganization plan, Omni Hotelswww.omnihotels.com 420 Decker Drive USA - Irving, TX 75062 Phone: 972-871-5623 Fax: 972-871-5667 All Articles from Omni Hotels
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