White Lodging Services and Apple REIT Six, Inc. Announce Management Deal for Five East Coast Hotels
RICHMOND, VA, August 24, 2005. White Lodging Services, a rapidly growing hotel ownership, development and operating company, was recently awarded the management contract for five premium branded select service and extended stay hotels on the east coast from Apple REIT Six, Inc. Each of these hotels will be owned by Apple REIT Six, Inc. of Richmond, VA and managed by White Lodging Services of Merrillville, IN.
The multi-property agreement stems from an initial partnering of the two companies on the Boulder, CO Marriott, which Apple acquired in early May, and White Lodging has successfully managed since inception. Apple elected to retain White Lodging for management of the award winning Boulder Marriott, and subsequently have signed them to manage the five additional, newly-constructed properties in their portfolio.
"The addition of these five hotels to our managed portfolio gives us an immediate presence in the northeast and supports our strategy of operating premium branded hotels in high barrier to entry markets," stated President & COO of Development and Asset Management, Deno Yiankes.
The five newly constructed hotels are all scheduled to open by September 1, 2005.
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 
