Crestline Hotels & Resorts Selected to Manage the New Hotel Indigo in Downtown Newark -- Scheduled to Open in Late 2012

NEWARK, N.J., Nov. 14, 2011 /PRNewswire/ -- Crestline Hotels & Resorts, Inc. today announced its appointment as the management company for the new Hotel Indigo, IHG's (InterContinental Hotels Group) upscale boutique brand, being built on Broad Street in downtown Newark. The historic National State Bank Building, designed in 1912 by Cass Gilbert, will be converted into the 106 guest room hotel opening in late 2012.  The Hotel Indigo will include 1,100 square feet of meeting space, a full-service business center, a lounge and restaurant which serves breakfast and dinner.

The new Hotel Indigo Newark is designed to fulfill Indigo's brand commitment to affordable luxury and state-of-the-art amenities while reflecting the culture, character and history of the surrounding neighborhood.  Even though the 12-story building is on the National Register of Historic Places, the hotel is designed to qualify for LEED Platinum certification, and will be the first Hotel rehabilitation to earn this significant designation.  The hotel is being developed by Hanini Group, LLC and is being built in the heart of Newark's successfully revitalized downtown core—within walking distance to the Prudential Center for sporting and cultural events.  The City's urban redevelopment was begun in 2001 and has rejuvenated the area along and adjacent to Broad Street, Newark's main thoroughfare.  

"This is a very significant new hotel project that is a part of an exciting revitalization of one of America's top business cities," said James Carroll, President & Chief Executive Officer, Crestline Hotels & Resorts.  "We are delighted to have the opportunity to help open and manage this hotel, and we look forward to becoming a part of the greater Newark community while serving its visitors with exceptional guest service in this terrific new hotel," added Carroll.

The Hotel Indigo Newark, NJ

Located at 810 Broad Street Newark, NJ, the hotel is in walking distance to restaurants and shops in downtown Newark.   It is also within walking distance to Newark's Penn Station and Amtrak service, just 5 miles from Newark Liberty International Airport and a 30 minute drive to Manhattan. The hotel offers a selection of well-appointed guest rooms and suites that feature contemporary design articulated for comfort.  Each room includes a work area with a desk and ergonomic chair, as well as complimentary high speed Internet access, and additional amenities such as a coffee/tea maker.  There is onsite parking and room service during select hours.  In the evenings guest will enjoy the comfortable rooftop lounge, THE place to meet before any event at the nearby Prudential Center.  For more information and reservations visit: www.ichotelsgroup.com.

About Hanini Group, LLC

The Hanini Group has become a notable presence in Newark's development scene. Over the past 5 years, $20 million worth of restorations and rehabs have been completed, bringing a New York loft-style to the forefront of Newark's residential and commercial markets as well as an edgy feel to mixed-use environments. The firm is a unique blend of vision and practicality that brings a fresh perspective to Newark's' emerging development. Principal's Samer and Thafer Hanini are committed to Newark's future, and develop all of projects in house while also employing local residents and Newark owned companies.  Their combined efforts bring a solid and dependable structure to the organization and management of each project. Their dedication to producing high-end, cost effective buildings in Newark, while preserving historical integrity, defines the vision of the firm.

About Crestline Hotels & Resorts, Inc.

Crestline Hotels & Resorts, Inc. is one of the nation's largest independent hospitality management companies.  Founded in 2000, the company presently manages 47 hotels, resorts and conference and convention centers with nearly 8,400 rooms in 11 states and the District of Columbia.  Crestline Hotels & Resorts manages 9 independent properties in major US markets including Atlanta, Houston, Los Angeles and Washington D.C.  Crestline also manages properties under such well-regarded brands as Marriott, Hilton, Westin, Sheraton, and Crowne Plaza.  For more information visit:  www.crestlinehotels.com.

About IHG:

IHG (InterContinental Hotels Group) [LON: IHG, NYSE:  IHG (ADRs)] is a global organization operating seven hotel brands including InterContinental® Hotels & Resorts, Hotel Indigo®, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites® and Candlewood Suites®.  IHG also manages Priority Club® Rewards, the world's first and largest hotel loyalty program with over 61 million members worldwide.

IHG is the world's largest hotel group by number of rooms and franchises, leases, manages or owns over 4,500 hotels and more than 666,000 guest rooms in 100 countries and territories, and has more than 1,100 hotels in the development pipeline.

IHG is committed to gender balance throughout its business.  We aspire to continue retaining a minimum of 25% female representation on the Board.

Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995.  Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "estimates" or "anticipates" or the negative thereof or comparable terminology. 

SOURCE Crestline Hotels & Resorts, Inc.