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AWH Partners, LLC Awarded Developer Of The Year By Intercontinental Hotels Group (IHG)

NEW YORK (October 29, 2014) – AWH Partners, LLC, a privately held real estate investment, development and management firm, announces the recognition as ‘2014 Developer of the Year’ for the Crowne Plaza brand. Awarded by Intercontinental Hotels Group (IHG), the ‘2014 Developer of the Year’ award commends AWH Partners’ recent conversion and renovation of the former Hotel Melia in Midtown Atlanta to a 360-room Crowne Plaza hotel.

“We are thrilled to be recognized as the 2014 Developer of the Year for the Crowne Plaza brand,” says Chad Cooley, principal of AWH Partners. “This honor is a result of our ongoing mission to create exciting new spaces with strong brands, and deliver exceptional investment returns to our partners.”

Earlier this year, AWH Partners announced the all-cash acquisition, renovation and conversion of the former Melia Hotel in Atlanta. The firm immediately converted the 501-room hotel to the Crowne Plaza brand and launched a total renovation, which will ultimately result in a newly remodeled 360-room Crowne Plaza hotel. By January of 2016, AWH Partners and IHG will also open within the same Midtown building a 102-room Staybridge Suites hotel. Supporting the ownership group, Spire Hospitality, the management subsidiary of AWH Partners, is operating the hotels under a franchise agreement with InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)].

“Spire Hospitality has long maintained a strong, mutually beneficial relationship with IHG and its brands,” says Bill DeForrest, president and CEO of Spire Hospitality. “We saw this opportunity to align with Crowne Plaza and Staybridge Suites to reposition an asset in a very dynamic yet underserved market. We are confident the reinvention of this prominent hotel will experience great demand from all segments, from group and corporate to leisure transient and extended stay.”

Located in a single Midtown building, the Crowne Plaza and Staybridge Suites hotel market to both business and leisure transient guests. The reinvented 25-story building will feature 31,000 square feet of meeting space, three food & beverage options and two lobbies on the ground floor. The 25-story building will reduce its room count to accommodate the renovation plan, which includes complete guestroom, guest bath and guest corridor transformations, as well as an entirely new public space layout and interior design package. Once the conversion is completed in early 2016, the six floors designated as the Staybridge Suites property will feature spacious studio and one-bedroom suites with comfortable living space including a fully equipped kitchen and a functional, well-lit workspace with a large desk.

AWH Partners will be recognized for their accomplishments as ‘2014 Developer of the Year’ during a private Awards Reception at the 2014 IHG Americas Investors & Leadership Conference in Las Vegas on Tuesday, October 28.

For more information on AWH Partners and a full list of hotels and real estate assets, please visit www.awhpartners.com.

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About AWH Partners, LLC

AWH Partners, LLC (“AWH”) is a privately held real estate investment, development and management firm formed in partnership between Russ Flicker, Jon Rosenfeld and Chad Cooley. Since 2010, AWH and its principals have completed in excess of $400 million of hotel investments, and are managing or have completed hotel redevelopment projects totaling more than $100 million. In early 2012, AWH acquired Lane Hospitality, a top-tier national hospitality platform formed in 1980, to expand AWH’s capabilities in the hospitality sector by aligning its institutional investment expertise with Lane’s first class operating platform and industry-leading executive team. In May of 2013, AWH rebranded Lane: Spire Hospitality. For more information, visit www.awhpartners.com.

 

About Spire Hospitality

Spire Hospitality, based in Chicago, Ill., is a third-party operator of hotels including unique independents and across celebrated brands such as Hilton Hotels & Resorts, (IHG) InterContinental Hotels Group and (MAR) Marriott International. Spire Hospitality offers expertise in all facets of hospitality management and is committed to preserving, protecting and enhancing the value of hotel real estate. For more information, visit www.spirehotels.com.