"The acquisition of this hotel fits our strategy to invest in upscale full-service and premium limited-service and extended stay hotels in major urban, airport and suburban markets," Highland president and CEO James L. Francis explains. "With the expansion and subsequent growth potential of the Baltimore/Washington International Airport, this hotel should be well-positioned to generate increasing returns and long-term value appreciation."
Crestline will take over where LTD left off in managing the property. "Our team brings extensive understanding and experience in the management of airport hotels," Crestline president and CEO Dave Durbin says. "We know that working with the hotel staff, we can build on the property's reputation as a flagship hotel for BWI airport and the surrounding business district."
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.