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Business & Finance

Crescent Hotels & Resorts to Manage the Crowne Plaza JFK Airport Hotel

NEW YORK, NY. April 26, 2017 – Crescent Hotels & Resorts has been selected to manage the Crowne Plaza JFK Airport Hotel. Crescent, based in Fairfax, Virginia is a nationally recognized elite operator of hotels and resorts throughout the United States and Canada.

The 330 room Crowne Plaza hotel is the closest hotel to John F. Kennedy International Airport – the number one airport for New York City, and one of the top five airports in the nation. The hotel offers a free JFK Airport shuttle, and convenient access to attractions such as Resorts World Casino, Belmont Park, Aqueduct Racetrack, Green Acres Shopping Mall, Jamaica Bay Wildlife Refuge, and all New York City attractions.

“The Crowne Plaza JFK aligns well with our expertise in operating hotels at gateway airports throughout the U.S.,” said Michael George, President and Chief Executive Officer of Crescent Hotels & Resorts. “Our unique approach as an elite hotel manager, combined with our extensive experience in the greater New York Metropolitan area and other major gateways, will help to maximize the potential of this great hotel.”

The Crowne Plaza JFK Airport Hotel offers standard rooms as well as suites, the onsite Idlewild Restaurant, a 24-hour business center, and a 24/7 fitness center with a Zen and yoga room. The hotel’s onsite Crowne Meeting Director also helps guests plan meetings and conferences with 5,000 square feet across nine flexible function space options.

For more information, or to book your next stay at the Crowne Plaza JFK Airport Hotel, visit www.cpjfkairport.com or call (718) 530-1160.

About Crescent Hotels & Resorts

Crescent Hotels & Resorts is an award winning, nationally recognized, top-3 operator of hotels and resorts. Crescent currently operates over 90 hotels, resorts & conference centers in the US and Canada. Crescent is one of the few elite management companies approved to operate upper-upscale and luxury hotels under the brand families of Marriott, Hilton, Hyatt and IHG. Crescent also operates a collection of legendary independent lifestyle hotels and resorts. Crescent’s clients are made up of hotel REITs, private equity firms and major developers. For more information, please visit www.chrco.com.

Contact:
crystal@stratcomllc.com

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.