Industry Update
Press Release14 January 2020

Remington Hotels announces two new Management Agreements

Remington Hotels to open and manage the Residence Inn Steamboat Springs and assume management of the Sheraton Tarrytown Hotel

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Remington Hotel Corp.

DALLAS  - Remington Hotels, a leading third-party management company, announced today that it has signed agreements to manage the Residence Inn Steamboat Springs in Steamboat Springs, Colorado and the Sheraton Tarrytown Hotel in Tarrytown, New York.

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McClurg Century Investments and Cypress 16 selected Remington Hotels to open and manage the Residence Inn Steamboat Springs, Remington's first property in Colorado. The 110-room, new build hotel in Colorado's preeminent ski town is anticipated to open in July 2020. Designed with sloped roofs to keep with the vernacular architecture theme of the town, the new property will also feature an outdoor pool, hot tub and mountain views.

"It is extremely exciting to bring the Residence Inn brand to a world-class destination like Steamboat Springs, Colorado, where guests will be able to enjoy the combination of superb facilities and tranquil surroundings," says Remington Hotels President & CEO Sloan Dean. "We look forward to working with McClurg Century Investments and Cypress 16 on this outstanding hotel and leveraging Remington's experience working with Residence Inn branded hotels over the years to deliver the results we're known for."

"As a longtime resident of Steamboat Springs, I believe that it is an opportune time to invest in Steamboat. Our Residence Inn branded hotel will be perfect for Steamboat and guests will love the location and the overall extended stay amenities provided. We are pleased that Remington has agreed to manage our hotel and we know with their experience and expertise that Steamboat guests will be thrilled with their stay, says Jack McClurg, founder of McClurg Century Investments."

Remington Hotels has also entered into management agreement with Lixi Group to manage the 150-room Sheraton Tarrytown Hotel. The 150-room property is located 25 miles outside of New York City, in the beautiful Hudson Valley, featuring amenities such as the newly opened Oceano Tapas restaurant, featuring shareable small plates and Spanish influenced cuisine, along with an indoor pool.

"We are very pleased to enter into a management agreement with Lixi Group to manage the Sheraton Tarrytown Hotel. With Remington's history of operating numerous Sheraton hotels, we see this as an opportunity to partner with Lixi Group to create additional value to the guest experience and overall operational excellence of the property," says Sloan Dean.

"The Lixi Group team is very excited about our new partnership with Remington Hotels and the Sheraton Hotel Tarrytown. We interviewed and consulted with several companies, and we are very confident in Remington's ability and resources to add value to our hotel and guest experience" says Michael Percaccio, Vice President of Operations, Lixi Group.

Related Brands

Residence Inn

Residence Inn by Marriott is the global leader in the longer stays lodging segment with more than 870 properties in over 15 countries and territories. Guests have the freedom to travel the way they live with Residence Inn’s spacious suites featuring distinct living, working, and sleeping spaces.
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Sheraton

Sheraton Hotels & Resorts, part of Marriott International, Inc., makes it easy for guests to feel part of something special at over 440 hotels in 70+ countries and territories around the world. As the most global brand within Marriott International’s portfolio sitting at the center of hundreds of communities around the world, Sheraton has a rich heritage in creating a sense of belonging for guests, wherever they are in the world.
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Other Brands operated by Remington
Courtyard
Crowne Plaza
Embassy Suites by Hilton
Fairfield Inn & Suites®
Hampton by Hilton
Hilton Garden Inn
Hilton
Homewood Suites
Indigo
Hyatt Regency
Marriott
Renaissance
Residence Inn
Sheraton
SpringHill Suites
Tribute Portfolio
Westin

ABOUT REMINGTON HOTELS

Remington is a dynamic and growing hotel management company providing top quality service and expertise in property management. Founded in 1968, the hospitality group has grown into a strong, industry-leading service provider and today manages 77 hotels in 24 states across 17 brands, including 12 independent and boutique properties. Remington believes that people are the ultimate source of its competitive advantage and is proud of its reputation for consistently delivering outstanding results to its owners and investors, as well as to its brands, guests, and associates. As a result of its success, Remington has become the place where passionate people thrive. For more information, call (972) 980-2700 or visit www.remingtonhotels.com. #RoomToThrive

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