The Barcelo Crestline Corp. has acquired a
group of four hotels from RLJ Development. Financial terms of the
deal were not disclosed.
The hotels are
the Homewood Suites by Hilton, Washington, DC; the Courtyard by
Marriott Providence, R.I.; the Hilton Garden Inn Chicago
Downtown/Magnificent Mile; and the Courtyard by Marriott Baltimore
Inner Harbor.
As part of the
deal, Crestline Hotels & Resorts, a management company and
Barcelo's subsidiary, will manage the properties for Barcelo. It
currently manages the Courtyard by Marriott Baltimore Inner
Harbor.
"These four
properties are an excellent complement to our portfolio," said
Bruce Wardinski, chairman and CEO of Barcelo Crestline, which
handles a portfolio of 90 hotels. "Each of the hotels is in a prime
business destination that also benefits from leisure travelers.
Crestline Hotels & Resorts brings proven experience in
successfully managing hotels of this type and we look forward to a
strong return on our investment."
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to Michael Milligan at [email protected].