ROCKVILLE, Md., April 29, 2016 /PRNewswire/ -- Choice Hotels
International, Inc. (NYSE: CHH), one of the world's largest hotel
companies, joined developers Fillmore Capital Partners, Fillmore
Hospitality and Murphy Asset Management to celebrate the debut of
two new Cambria hotel & suites
projects in Chicago, Ill.
today.
As part of the announcement, a panel discussion was held that
highlighted key elements of the conversions planned for both
Chicago hotels, as well as the
growth of the city as a destination for business and millennial
travelers. During the panel discussion, interim CEO of Choose
Chicago, Marc Anderson, noted that
domestic visitation for 2015 topped 50 million visitors for the
first time in history with total visitation expected to exceed 52
million. Chicago is one of the
country's largest business hubs with a number of Fortune 500
companies headquartered in the region, including Boeing, Archer
Daniels Midland, United Continental Holdings and the Exelon
Corporation. Additionally, as the home to the largest convention
center in the nation, Chicago has
a robust meetings and conventions industry. In 2015, business
visitation grew an impressive 5.1 percent to 11.65 million, the
second post-recession occurrence of business visitation over 11
million
"As one of the most iconic cities in the country, Chicago is a perfect match for our two new
Cambria hotel & suites
conversions," said Steve Joyce,
president and CEO of Choice Hotels International. "The City Center
and Magnificent Mile locations are great additions to our urban,
upscale brand offerings as we continue to expand our footprint
nationwide, and are well-suited to meet the growing needs of
Chicago's business travelers."
- Cambria hotel & suites
Chicago – City Center, featuring
22 stories and 198 rooms, will be located above the historic Ford
Center for the Performing Arts Oriental Theatre and is set to
officially open in September 2017.
The new hotel will sit in Chicago's energetic central business district,
or "Loop" neighborhood, and will be directly across the street from
a number of high end restaurants and retail outlets known
collectively as Block Thirty Seven.
- Cambria hotel & suites
Chicago – Magnificent Mile, with
29 stories and 215 rooms, will be located in the existing MileNorth
Hotel, and is set to officially be rebranded in mid-2017. The hotel
will sit between Chicago's
Magnificent Mile and the picturesque shores of Lake Michigan. Guests traveling on leisure
will be able to take advantage of the many attractions the area
offers, including Millennium Park, the John Hancock Center, Skydeck
Chicago and the Chicago Riverwalk.
"We're excited to once again team up with Cambria hotel & suites and bring the brand
to the city of Chicago," said
Ron Silva, President and CEO of
Fillmore Capital Partners. "After having partnered with
Cambria across the country in
Los Angeles, New Orleans, and Nashville, the Windy City was a natural next
stop."
"Having an intimate knowledge and understanding of
the Chicago market, we are thrilled to be working in
partnership with Cambria hotel
& suites," said John T. Murphy,
CEO and Principal of Murphy Asset Management. "The Loop
is recognized as the epicenter of the city with
convenient access to both business and lifestyle entertainment
options in Chicago. We are
confident that the Cambria
hotel & suites Chicago – City
Center will be a prime addition to the city."
Designed as a business travel and leisure brand, all
Cambria hotels & suites
feature a larger lobby to give guests a more social atmosphere;
oversized rooms with flexible spaces; and the latest technology
that allows guests to stay connected while they travel.
About Cambria hotels &
suites
Cambria hotels & suites makes business travel
easier—and more fun—than ever before. Offering modern décor, rooms
that feel like an upgrade, and fresh, local cuisine at our Social
Circle™ restaurant, Cambria makes
every guest feel like a VIP. There are currently 25 properties open
across the country and 30 under development in the U.S. and
Canada. To learn more, visit
www.cambriahotelsandsuites.com.
About Choice Hotels
Choice Hotels International, Inc.
(NYSE: CHH) is one of the world's largest lodging companies. With
more than 6,400 hotels franchised in more than 35 countries and
territories, Choice Hotels International® represents more than
500,000 rooms around the globe. As of December 31, 2015, 720 hotels were in our
development pipeline. Our company's Ascend Hotel Collection®,
Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep
Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay
Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice
Hotels™ brands provide a spectrum of lodging choices to meet
guests' needs. With more than 25 million members and counting, our
Choice Privileges® rewards program enhances every trip a guest
takes, with benefits ranging from instant, every day rewards to
exceptional experiences, starting right when they join. All
hotels and vacation rentals are independently owned and operated.
Visit us at www.choicehotels.com for more information.
About Fillmore Capital Partners
Fillmore
Capital Partners, LLC, is a private investment company that engages
in the development, management, and distribution of investment
vehicles for institutional and select private-client investors. FCP
invests on behalf of its clients in lodging, healthcare, and
operating company platforms, as well as opportunistic investments
in other real estate asset classes. To learn more, visit
www.fillmorecap.com.
About Fillmore Hospitality
Fillmore Hospitality, LLC is a management company that provides a
full spectrum of development, investment and property management
services to owners of hotels and resorts throughout North
America. The firm's principals and executives have worked
together for more than 25 years to deliver consistently superior
financial results for their clients. Visit
www.fillmorehospitality.com for more information.
About Murphy Asset Management
Murphy Asset Management,
LLC focuses on generating development opportunities in the
multifamily, hospitality and office sectors across the country.
Through sound investment strategies and extensive due diligence,
the dynamic development team at Murphy Asset Management identifies,
evaluates and executes projects by combining sound financial
modeling, economic analysis and entrepreneurial creativity. Murphy
Asset Management more recent hotel developments include Hyatt
Centric The Loop Chicago, Hampton Inn Chicago Motor Club, and the
Holiday Inn Cleveland Clinic To learn more, visit
www.murphyassetmanagement.com.
© 2016. Choice Hotels International, Inc. All Rights
Reserved.
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SOURCE Choice Hotels International, Inc.