{HBR_LEAD_468x60.media}

Business & Finance

Crescent Hotels & Resorts to Manage Courtyard by Marriott in Toronto/Mississauga

TORONTO, ON. May 17, 2017 – Crescent Hotels & Resorts has been selected to manage the Courtyard by Marriott Toronto Mississauga/West, which is Mississauga West 's newest business hotel. Crescent, based in Fairfax, Virginia, is a nationally recognized elite operator of hotels and resorts throughout the United States and Canada.

The newly opened six-story, 125-room Courtyard is located on popular Derry Road in Mississauga, with convenient access to Toronto Pearson International Airport, Hershey Centre, the CN Tower, Mississauga Convention Centre and the Rose Theatre.

“This is truly a beautiful hotel with some of the latest consumer trends and technologies. The guest experience that is created here fits perfectly with our team’s expertise,” said Michael George, Chief Executive Officer of Crescent Hotels & Resorts. “Our unique approach as an award-winning Marriott manager, combined with our extensive experience in several other destination cities across Canada, will maximize the potential of this new hotel.”

Crescent will manage the entire operations of the hotel. This includes the overnight guest experience, as well as the more than 5,000 square feet of meeting and event space that accommodates functions of up to 350 people, including a ballroom with floor to ceiling windows featuring stunning views of Fletchers Creek part of the Credit Valley Conservation. All areas of the hotel feature state of the art technology, including LED lighting, built-in audio and visual equipment, and the Refreshing Business lobby, which is an open and bright area with media pods, complimentary Wi-Fi and a variety of seating zones, ideal for everything from pop-up meetings to social gatherings.

Crescent will also manage the food and beverage services, including The Bistro – Eat. Drink. Connect®, offering casual, flexible seating; easy access to food and high quality, healthy menu options for breakfast; and light evening fare, including snacks, cocktails, wine and beer so guests can unwind. Additional amenities include a dedicated bridal suite, indoor swimming pool and whirlpool spa, fitness center, guest laundry, and indoor parking.

For more information, or to book your next stay at the Courtyard by Marriott Toronto Mississauga/West Hotel, visit www.marriott.com/hotels/travel/yyzmd-courtyard-toronto-mississauga-west or call (905) 670-1947.

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.

Coming Up In The December Online Hotel Business Review




{300x250.media}
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.