Located at the intersection of the Bowery and Grand Street, theeight-story Best Western has amenities including a complimentarycontinental breakfast, an exercise facility and a business center.Guestrooms feature high-speed Internet access. "New York is acritically important US market, and we continue to expand ourpresence there," says Thomas Hewitt, CEO at Interstate. "The BestWestern is our first hotel on the vibrant Lower East Side and ourfirst project with Ben Wong, a well respected and progressiveentrepreneur. Our management pipeline remains quite active, withcurrent owners being an important source of new business."

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Leslie Ng, CIO of the firm, says that the "growing New Yorkportfolio also includes five hotels that we operate elsewhere inthe state, bringing our total to 14 hotels statewide. This clusterstrategy allows us to take advantage of significant operatingsynergies and economies of scale. New York remains one of the mostrobust markets in the nation, and we continue to drive performancefor our owners."

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According to Interstate's website, other Manhattan hotelsmanaged by the firm include: Wingate by Wyndham Manhattan Midtownat 235 W. 35th St.; Courtyard Times Square South at 114 W. 40thSt.; Comfort Inn Manhattan-Murray Hill at 42 W. 35th St.; theRoosevelt Hotel New York City at 45 E. 45th St.; Hilton TimesSquare at 234 W. 42nd St.; and the Residence Inn Times Square at1033 Avenue of the Americas.

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The firm owns seven hotels, has 47 hotels as joint ventureproperties and has 167 hotels under third party management.According to the firm's second-quarter 2008 results, RevPAR rose 4%for all managed hotel properties, compared to an average industrygain of 1.2%. The firm added nine management contracts as of June30, 2008, and signed a contact to manage its first property inIndia, an under-construction hotel in Vizag. The firm also openedits first US Starwood branded Aloft hotel inRancho Cucamonga, CA, developed and co-owned with JV partner, theJohn Buck Co.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.