Acquisitions & Hotel Openings

Chesapeake Hospitality Brings Crowne Plaza Jacksonville Airport Hotel into Portfolio of Managed Properties

Hotel is Chesapeake's sixth property in the state of Florida

JACKSONVILLE, FL. November 1, 2017 - Chesapeake Hospitality, a dynamic third-party hotel management company, announced today it has added the Crowne Plaza Jacksonville Airport Hotel, located at 14670 Duval Road in Jacksonville, Florida to its growing portfolio. Kim Sims, president of Chesapeake Hospitality, made the announcement.

The Crowne Plaza Jacksonville Airport Hotel, located 2 miles from the Jacksonville International Airport, elevates the already robust portfolio of more than 30 properties managed by Chesapeake, bringing its number of managed hotels in Florida to six. The hotel is owned by Gregory Morris, principal of Eagle Landings of JAX, LLC.

“We are thrilled to add the Crowne Plaza Jacksonville Airport Hotel to our portfolio, as this hotel is directly aligned with our growth strategy of working with great hotels in prime locations for owners who are looking for clear, bottom line results,” Sims said. “As we celebrate our 60th anniversary this year, we have continued to reinforce to the industry our goal to be the best at what we do, all while taking on strategic opportunities that fit our unique approach, culture and vision for the next 60 years.” The Crowne Plaza Jacksonville Airport Hotel features 317 guest rooms and 10,000 square feet of meeting space. The hotel offers several dining options on-site, including Savannah Bistro, Biscotti’s Internet Café and Rainforest Lounge, as well as in-room dining. The property also features amenities such as WiFi and 24-hour business and fitness centers, and guests also have access to complimentary airport transportation. In addition to its prime location near the airport, the Crowne Plaza Jacksonville Airport Hotel is also located just off I-95 near the JAXPORT Cruise Terminal, catering to the needs of tourists as well as business travelers. For more information about Chesapeake Hospitality, please visit http://www.chesapeakehospitality.com/.

Coming Up In The December Online Hotel Business Review

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.