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AIMBRIDGE HOSPITALITY CONVERTS ANOTHER KEY ASSET TO THE DOUBLETREE BRAND
Recently Renovated Marina Hotel in San Pedro, California converts to Doubletree under Aimbridge’s watch
DALLAS (August 21, 2006) –Aimbridge Hospitality, a hotel real estate and management company, proudly announces that effective immediately, the Marina Hotel in San Pedro, CA was transformed to The Doubletree Hotel San Pedro. This new transfer denotes Aimbridge Hospitality’s third Doubletree affiliation, including the Doubletree Hotel Milwaukee/Brookfield and Doubletree Wood Dale/Itasca, and joins the Hilton Garden Inn Dallas/Market Center as an extension of the rapport between Aimbridge and the Hilton Family of Hotels.
The Doubletree Hotel San Pedro is nestled between the picturesque Cabrillo Marina and peaceful Cabrillo Beach just north of exclusive Palos Verdes, CA. More than $8.5 million worth of renovations was recently completed at the hotel, including upgrades to its 213 over-sized guest rooms and 13 luxurious parlor suites. The hotel caters to leisure and business travelers alike, offering amenities such as the Sweet Dreams® by Doubletree Sleep Experience and complimentary high speed Internet access in each room, 24-hour business center with wireless printing capabilities, and an indoor heated pool accompanied with a large hot tub and fitness center.
Members of the highly popular Hilton HHonors guest reward program also may earn hotel points and airline miles for every qualifying stay at the Doubletree Hotel Chicago-Wood Dale/Itasca. Hilton HHonors is the only hotel program that allows any of its members to reap Double Dip earnings by simultaneously accumulating both airline miles and hotel points with each qualifying stay at more than 2,800 hotels worldwide.
“We are pleased to be teamed with Aimbridge once again on this very important asset. Together we share the renovate, rebrand and reposition to create value strategy,” said Jack vanHartesvelt, Sr. Vice President & Principal Acquisition with Kennedy Associates.
“The transition from San Pedro Marina Hotel to the Doubletree Hotel San Pedro once again confirms our development strategy of identifying underperforming assets in key locations, renovating, re-branding and repositioning the assets with leading hotel brands in the country to create value for out partners,” said Dave Johnson, chief executive officer of Aimbridge Hospitality. “We take pride in furthering our affiliation with the Hilton Family of Hotels with the potential of additional deals later this year and continuing the tradition to provide and uphold customer loyalty amongst our guests.”
“Aimbridge continues to pursue an aggressive track record developing its growing portfolio of hotels to bring additional value to its investors. We are extremely pleased to extend our great relationship with Aimbridge Hospitality with the transformation of the Doubletree Hotel San Pedro,” said Dave Horton, senior vice president – brand management for Doubletree Hotels.
About Doubletree Hotel San Pedro
The Doubletree Hotel San Pedro is located at 2800 Via Cabrillo Marina, San Pedro, California, please visit the Doubletree website at www.doubletree.com, calling 1-800-222-TREE in the U.S. and Canada, or contact the hotel directly at (310) 514-8945.
About Aimbridge Hospitality
Aimbridge Hospitality is a hotel real estate and management company created to identify investment opportunities throughout the United States. Aimbridge provides management, asset management, capital renovation, supervision, accounting and consulting services for its strategic partners. Aimbridge currently operates hotel properties in the Doubletree, Wyndham and Hilton Garden Inn Brands. Aimbridge also manages a number of independent hotels, including the Phoenix Inn & Suites brand of hotels and has several projects under development in the Starwood and Hilton Family of Brands. Aimbridge’s current portfolio extends over 11 states. For more information on Aimbridge Hospitality, please visit the company’s Web site at www.aimbridgehospitality.com.