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[By Jim Abrahamson, President - The Americas]
August 18, 2010
Perwez Molubhoy
Atlantic Hospitality, Inc.
2220 Marsh Lane #109
Carrolton, Tx 75006
Dear Perwez,
Congratulations! the Holiday Inn Express and Suites Dallas-North Tollway (N Plano) has been selected as a 2010 Renovation Award winner.
This prestigious award is given only to hotels that merit special recognition for successfully completing major modernization and renovation programs during the past year. The recipients of this award are judged to have significantly improved and updated the quality and image of their properties. In recognition of the tremendous effort and commitment of every member of your organization, all of us IHG congratulate your team on their performance and dedication to excellence.
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The IHG Experience is an interactive display of brands, exhibitors, a Solutions Center, Learning opportunities and much more! The IHG Experience will span two days, throughtout Conference, on October 26 and 27.The Conference will be held at the Venetian | The Palazzo, located at 3355 Las Vegas Boulevard South in Las Vegas, Nevada with the opening session planned for late afternoon on Monday, October 25. Award winners will be recognized throughtout the Americas Investors & Leadership Conference so we hope you can make every effort to attend.
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[By Frank Trejo, The Dallas Morning NewsMcClatchy-Tribune Regional News]
Feb. 7
Garland's Harbor Point development, anchored by the massive Bass Pro Shops Outdoor
orld, could soon reel in another big fish.
Atlantic Hotels Group plans to start construction by July on a Holiday Inn Express
at the northeast corner of Interstate 635 and Preston Road, said Sonny Babu, director
of operations and openings for the Carrollton-based group. The hotel is scheduled
to open in the fall of 2009, he said.
The hotel will have 102 rooms, 3,000 square feet of meeting space, an indoor pool
and a fitness room. Rooms will be priced between $130 and $180 a night.
The hotel is the seventh project planned or already completed for office, hotel,
residential and retail space in the area.
"We see that the impact of development and redevelopment around the Holiday Inn Express, North Dallas/Preston is
emphasizing this area as the new midtown of Dallas," said real estate broker Tom
Clarke of Transwestern in Dallas.
The recent renovation and expansion of the Dallas Holiday Inn Express, North Dallas/Preston mall, including the Westin
Holiday Inn Express, North Dallas/Preston Dallas hotel, is driving development, he said.
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Area land prices are rising, office occupancy rates are above 90 percent and rental
rates are as high as the low $30s per square foot, Mr. Clarke said.
It's an established area that lacks midpriced hotels," Mr. Babu said. Atlantic Hotels,
which is leasing the land, will invest an estimated $10 million in the project,
he said.
Atlantic Hotels already owns three Holiday Inn Express hotels in Allen, Plano and
DeSoto. It plans to break ground later this month on a 100-suite TownPlace Suites
by Marriott in DeSoto, set to open next year.
Construction is also expected to start next year on a 110-room hotel in Garland
overlooking Lake Ray Hubbard. The hotel is scheduled to open in 2010 in the Harbor
Point development, which is anchored by a Bass Pro Shops Outdoor World.
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