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Business & Finance

Crescent Hotels & Resorts to Manage Courtyard by Marriott Albuquerque Hotel

ALBUQUERQUE, NM. May 3, 2017 – Crescent Hotels & Resorts has been selected to manage the Courtyard by Marriott Albuquerque Hotel. Crescent, based in Fairfax, Virginia, is a nationally recognized elite operator of hotels and resorts throughout the United States and Canada.

The recently renovated 150-room Courtyard Albuquerque is located in the heart of the city's Journal Center Business Park with convenient access to numerous golf courses, wildlife parks, and museums like the New Mexico Museum of Natural History, Albuquerque Aquarium, and Rio Grande Zoo. The new design and décor of the hotel reflects Albuquerque's Native American heritage, with many rooms offering open-air balconies.

“The Courtyard Albuquerque is so well designed to create a true Southwestern ambiance and guest experience,” said Michael George, Chief Executive Office of Crescent Hotels & Resorts. “Our unique approach as an award-winning Marriott manager, combined with our extensive experience in many other destination cities across the country, will maximize the potential of this great hotel.”

The Courtyard Albuquerque offers full-service dining at its Bistro restaurant, indoor pool, fitness center, full-service business center, 4,000 square feet of venue space, and a large beautifully landscaped courtyard for everyday guest use, hotel-hosted events, or private events.

For more information, or to book your next stay at the Courtyard Albuquerque Hotel, visit www.marriott.com/hotels/travel/abqcy-courtyard-albuquerque/ or call (505) 823-1919.

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 DeStefano
Crystal@stratcomllc.com
315-463-2325

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.