US Hotels Group Acquires Two Additional Luxury Boutique Properties from The Carlyle Group

KENNEBUNKPORT, Maine, Sept. 17, 2012 /PRNewswire/ -- Maine‐based US Hotels (www.ushotelsgroup.com) has today announced the acquisition from the Carlyle Group of two boutique hotels to add to its portfolio of luxury hotels, restaurants and spas across the Northeast of the United States. The new properties are: The Orchards in Williamstown, MA and The Centennial in Concord, NH. These join US Hotels' existing portfolio of owned and managed properties in New England, which include the celebrated White Barn Inn and Spa in Kennebunk, Maine.

US Hotels is a privately-owned group of hotels and restaurants designed to address a range of market niches—from family‐orientated beachfront inns to luxurious hotels and spas that have qualified for membership of the world‐renowned Relais & Chateaux collection. The company is also the owner of the Vanderbilt Grace in Newport, Rhode Island, which is managed by US Hotels' sister company, Grace Hotels.

The new hotels each have excellent local reputations and are highly complementary to US Hotels' existing portfolio. The Orchards, an AAA Four-Diamond hotel, is a classic rural property perfectly situated in the Berkshire Mountains. The 49-room hotel features 3,100 square feet of event and meeting halls, an award-winning steakhouse and numerous amenities. The Centennial Hotel, with its contemporary design is located in the heart of Concord and offers guests modern accommodation within a Victorian Landmark property. The Centennial likewise features conference and private event space, as well as a highly-lauded dining experience at Granite Restaurant and Bar.

Paul Hanley, CEO of the Group, sees the acquisition as part of the company's overall strategy to grow and expand not only in New England but throughout North America. Hanley stated: "We are thrilled to be adding these distinctive properties to our portfolio. As a New England-based hospitality company we know and understand the market and see these acquisitions as a natural fit. We are the largest independent owner and operator of luxury inns in New England and shall continue to develop US Hotels through both acquisition and management contracts across the United States."

SOURCE US Hotels