IHR and John Buck Company Open aloft Cool Springs, TN
SEPTEMBER 18, 2008. Interstate Hotels & Resorts (NYSE: IHR), a leading hotel real estate investor and the nation's largest independent operator of full- and select-service hotels, today announced that it has opened and will operate the aloft hotel Nashville-Cool Springs, in Tennessee. The 143-room, newly built hotel is owned by a joint venture in which Interstate and The John Buck Company (TJBC) of Chicago, Ill., a real estate development firm, are partners. It is the second aloft hotel developed and opened by the partnership in 2008. TJBC oversees development of the hotels for the partnership.
aloft is Starwood Hotels & Resorts' premium, select-service hotel brand designed to appeal to a new generation of business and leisure travelers, featuring high design at an affordable price point, accessible technology, style and a social atmosphere. Including the Cool Springs hotel, there currently are 18 aloft hotels open in 12 states, Montreal, Canada, and Beijing, China, with another two properties slated to open by year end and more than 50 worldwide in 2009.
"This is our second aloft hotel, and our 29th joint venture property this year, an area we have focused on in 2008," said Thomas F. Hewitt, Interstate's chief executive officer. "Our first aloft in Rancho Cucamonga, Calif., continues to generate buzz and excitement among both business and leisure travelers, and we are delighted to be in the vanguard of developers bringing this trend-setting hotel to the traveling public."
"aloft has been one of the most high profile brand launches in hotel industry history, and based on guest response, is exactly what today's savvy travelers are looking for-user-friendly technology, urban-inspired design that encourages guest interaction, great value," said Paul Novak, TJBC's managing director, hospitality division.
Located at 7109 South Springs Drive, just off Interstate 65, the innovative hotel is within a half-mile of Nissan's new North American headquarters and proximate to many of Greater Nashville's most popular attractions, including the Carnton Plantation, the Factory at Franklin, Grand Ole Opry, Music Row and the Country Music Hall of Fame. The property is adjacent to D1 Sports | Training, a new state-of-the-art sports training and physical therapy facility, and the Cool Springs Galleria shopping mall.
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