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Crowne Plaza expands in Washington metro area
Wednesday, June 27, 2007
A new Crowne Plaza has opened in Washington increasing the IHG`s presence in US capital. The Crowne Plaza Old Town Alexandria will undergo a multi-million dollar renovation to guestrooms, restaurants, meeting space and public areas, to be completed by year-end.

“We are pleased to add another Crowne Plaza to our Washington, D.C., portfolio,” said Kevin Kowalski, vice president, Brand Management, Crowne Plaza Hotels & Resorts, North America. “The close proximity to government agencies and American history destinations will attract both business and leisure travelers. We’re proud to offer them our industry leading meetings service and Sleep Advantage program.”

The Crowne Plaza Old Town Alexandria is owned by Oliver T Carr Company, under a license agreement with a company in the InterContinental Hotels Group. At time of purchase, Oliver T Carr Company also acquired the nearby Holiday Inn & Suites Alexandria Historic District. With these two hotels and the historic Willard InterContinental Hotel, Oliver T Carr Company now owns three IHG properties, all of which are managed by IHG’s operations division, The Hotel Management Group.

“There’s no other company we’d rather have manage these three hotels than IHG,” said Oliver T Carr, principal owner, Oliver T Carr Company. “The Hotel Management Group knows IHG brands better than any other management company, and we’re confident that their operational excellence will drive the value of our hotels.”
Rania Deimezi - Wednesday, June 27, 2007
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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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