Interstate Hotels and Resorts has formed a joint-venture partnership with Indianapolis-based Premier Properties USA, a retail and lifestyle development company, to build 3 hotels: a Hyatt Place and 2 Alofts.
According to the companies, each of the properties will be located within a Premier Properties’ lifestyle and retail center, which include high-end retail shops, dining outlets, and entertainment venues.
Interstate will invest a 15% equity interest in the joint venture and will manage all 3 properties when they open.
The hotels to be developed are the 114-room Hyatt Place at The Marquis in Williamsburg, VA; the 136-room Aloft at The Metropolis in Plainfield, IN; and the 136-room Aloft at The Ven in Indianapolis.
Interstate, Premier Partner On Hotel Projects
August 14, 2007 by Cris | 0 Comments
In Hotels, Basic Guidelines, Law & Agreements
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