MHI Hospitality Opens the Crowne Plaza Tampa Westshore
Following Extensive 16-month Repositioning
WILLIAMSBURG, VA, March 10, 2009 - MHI Hospitality Corporation (Nasdaq: MDH) announced today that the Company has opened the Crowne Plaza(R) Tampa Westshore in Tampa, Florida. This follows the completion of an extensive 16-month repositioning of the property in line with a 10-year franchise agreement with InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)] through its franchising entity, Holiday Hospitality Franchising, Inc.
The 11-story hotel underwent a renovation of both the interior and exterior. The newly reconfigured asset features 222 guest rooms including 44 Cabana suites, as well as 10,000 square feet of flexible meeting and pre-function space; a 6,500 square foot signature restaurant lease space; an outdoor pool, and approximately 250 surface parking spaces. The hotel is situated on 3.82 acres in Tampa's Westshore Corridor, the city's corporate, entertainment, restaurant and shopping district, and is within two miles of Tampa International Airport. It is located at 5303 West Kennedy Blvd.
Andrew M. Sims, President and CEO of MHI Hospitality Corporation, stated, "We are very pleased to announce the opening of the Crowne Plaza Tampa Westshore. This completely repositioned hotel is a classic example of our portfolio model in terms of full service amenities, value and strategic location. As the asset gains increasing traction in the Florida Gulf market, the Crowne Plaza Tampa Westshore should compete very effectively."
Crowne Plaza has been recognized by Lodging Hospitality magazine as one of the industry's top growing hotel brands. As part of the IHG global portfolio, the Crowne Plaza Tampa Westshore is one of more than 300 hotels in nearly 60 countries.
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