HVS/American Takes Over As Interim Manager
Hotel Icon, Houston, Texas
TIVERTON, RI, September 12, 2006. HVS/American Hospitality Management Company has taken over the management of one of Houston's most acclaimed hotels: the Hotel Icon, a 2006 AAA Four Diamond hotel. This exclusive property is situated in the landmark Union National Bank building at the gateway to downtown Houston's arts & entertainment district. Kirby D. Payne, CHA, President of HVS/American Hospitality Management Company, made the announcement.
The hotel features 135 guestrooms and nine penthouse suites; as well as Bank, a Jean-Georges Vongerichten restaurant; The Lobby Loft bar; and the BALANCE Day Spa. Hotel ICON is a member of Preferred Hotels & Resorts Worldwide, Inc.
The term of the management agreement is unusual in that the hotel is under contract for sale to a well known hotel and resort owner operator. If the sale is consummated as expected HVS/American Hospitality Management Company will manage the hotel for less than 60 days. The sale is being facilitated by HVS Capital Corp, the investment banking division of HVS International. Michael Sullivan, Managing Director, is personally overseeing this transaction.
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