Six Continents Hotels Signs Long-term Management Contracts
Atlanta, Georgia, Six Continents Hotels, Inc. (
In an agreement with joint venture partners, Hotel Venture Limited Partnership and Circa Capital Corporation, Six Continents Hotels, Inc. will manage six of Circa's existing Holiday Inn properties, including: the Holiday Inn-Grand Montana, Billings, Montana; Holiday Inn-Cheyenne, Cheyenne, Wyoming; Holiday Inn-City Center, Fort Smith, Arkansas; Holiday Inn-Fresno Airport, Fresno, California; Holiday Inn Hotel and Towers, Lubbock, Texas; and Holiday Inn-Plaza, Lubbock, Texas. Beginning July 1, Six Continents Hotels will manage and operate each of these hotels, while the joint venture partnership of Hotel Venture LP and Circa Capital Corporation, will retain ownership of the properties.
Six Continents Hotels has also executed a long-term management contract with CNM Utah Inc. to manage its existing Holiday Inn-Downtown, Salt Lake City, Utah, beginning August 1, 2002. As a part of this agreement, Six Continents Hotels will assume all management and operational responsibilities for the hotel, while CNM retains ownership of the property.
"Six Continents Hotels has a long and successful history of hotel-management expertise and high quality control standards. Through these management contracts our franchise owners and investors can capitalize on our hotel experience to increase their profitability. We currently manage approximately 80 Holiday Inn and Holiday Inn Express properties in North America. Adding these hotels to our company-managed property portfolio supports our strategy to actively manage our brands in key markets and locations," says Tom Murray, Chief Operating Officer, The Americas.
"I am extremely impressed with the professionals at Six Continents Hotels. They bring valuable, practical solutions to the table and I look forward to building a mutually rewarding alliance between our two groups," said Lamont Meek, Partner/SVP, Circa Capital Corporation.
"I am very impressed with the professionals at Six Continents Hotels. They have demonstrated an understanding of the local market and our hotel asset, and have the depth of resources necessary to add value. I look forward to a long and rewarding alliance between our two groups," said Bob Mathewson, president, CNM Utah Inc.
Note to editors:
Six ContinentsSM Hotels, the hotel business of Six Continents PLC of the United Kingdom [LON:SXC, NYSE:SXC (ADRs)], owns, manages, leases or franchises more than 3,320 hotels and 515,000 guest rooms in nearly 100 countries and territories.
The following are some of the service marks owned by Six Continents Hotels, Inc., its parent, subsidiaries or affiliates: Holiday Inn®, Crowne Plaza®, Holiday Inn Express® in the Americas, Express by Holiday InnSM in Europe, the Middle East and Africa, Holiday Inn Select®, Holiday Inn Garden CourtSM, Holiday Inn SunSpree® Resort, Staybridge Suites® by Holiday Inn®, Holiday Inn Family SuitesSM, Holidex®, Priority Club®, InterContinental® and Forum®. Centra® in Canada and Mexico; CentraSM in the U.S.; ParkroyalSM in the U.S. and Canada; Parkroyal® in Mexico.
Six Continents Club®, Six ContinentsSM, 6 ContinentsSM and the 6C logo are service marks of Six Continents PLC and used under license.
Six Continents Hotels, Inc. offers information and reservations capability on the Internet - , for InterContinental Hotels and Resorts, www.crowneplaza.com for Crowne Plaza Hotels and Resorts, www.holiday-inn.com for Holiday Inn hotels, for Holiday Inn Express hotels, www.staybridge.com for Staybridge Suites by Holiday Inn, and www.priorityclub.com.
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Carolyn Hergert
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