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Lexington opened in Orlando CityPlace
Thursday, October 19, 2006
After much anticipation, The Lexington at Orlando CityPlace opened in grand fashion. Hosted by co-owners and developers George Kalivretenos and Barry Greer, the grand opening was attended by hundreds of invited guests including Orlando Mayor Buddy Dyer, who was the event’s keynote speaker.

“The Lexington at Orlando CityPlace is a magnificent hotel,” said Steve Belmonte, new CEO and President of The Lexington Collection. “Barry and George have outdone themselves and we are honored to have their property included in the Lexington Collection brand.”

Vantage Hospitality, the parent company of The Lexington Collection, premiered the new membership brand in the second quarter of 2006. With 12 properties currently open or under contract, Belmonte predicts there will be an additional 15 upscale hotels in the system before year’s end. Appealing to three and four star hotels, The Lexington Collection is the only hotel membership brand in the upper-mid to upscale lodging segment.

“Our philosophy at Vantage and The Lexington Collection is to ‘educate – not mandate’ to hotel owners by giving them more control over their property,” said Roger Bloss, CEO and Founder of Vantage Hospitality Group. “Nobody knows the Orlando market better than Barry Greer and George Kalivretenos. By serving as a support system for the hotel, we gave them full control over the renovation and direction they wanted to take. Look at it now – it’s a centerpiece of the revitalization of downtown Orlando.”

The Lexington Hotel at CityPlace is the first phase of a mixed-use project - Orlando CityPlace.
Rania Deimezi - Thursday, October 19, 2006
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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