Quorum Lands New Project
Company recently sealed a deal to cover the Sheraton Pleasanton
JULY 9, 2009 - Quorum Hotels & Resorts, a leading independent provider of customized hospitality management solutions, has announced its latest hotel management engagement, the Sheraton Pleasanton. Quorum will operate the hotel, located in Pleasanton, Calif., on behalf of the institutional lender which acquired the property through foreclosure this month.
"Quorum has been, first and foremost, a hotel turnaround specialist. Our job is to recreate value for our clients through a combination of leadership and physical improvements," said Ted Mosley, president & COO of Quorum Hotels & Resorts. "During these challenging economic times, owners are looking for groups that have been through real estate cycles and understand how to reposition assets like the Sheraton Pleasanton. Our knowledge base and track record reflect that."
Beginning this month, Quorum will oversee renovations at the Sheraton Pleasanton, its 10th operational assignment for a lender in the last 10 months. These renovations not only will give the hotel a more comfortable, contemporary look but also create operational efficiencies.
"We are pleased to have Quorum Hotels & Resorts as our new manager," said Michael Smith, the Sheraton Pleasanton's ownership representative. "Quorum brings a strong level of professionalism and deep industry experience that we feel will greatly benefit the hotel."
Originally constructed in 1985, the Sheraton Pleasanton is a full-service, 170-key hotel with more than 4,000 square feet of flexible meeting space, a 44-seat restaurant that overlooks an 11,322 square-foot outdoor pool area, a bar and lounge, and a spa and fitness center. It already has undergone approximately $4.6 million ($27,100 per key) in property renovations since 2005.
To learn more about Quorum Hotels & Resort, visit www.quorumhotels.com. For additional information about the Sheraton Pleasanton, visit www.Sheraton.com/Pleasanton.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
