Tinton Falls, New Jersey (3/28/07) – Hotels Unlimited, Inc., through an affiliated company, Tinton Falls Lodging Realty, LLC, out of East Windsor, NJ, announced today the purchase of the Holiday Inn in Tinton Falls, NJ.
This 5-story property is ideally located off Exit 105 of the Garden State Parkway, within close proximity to Fort Monmouth, Monmouth University, and the Jersey Shore, as well as restaurants, shopping attractions, and dynamic area businesses.
Carey Tajfel, Vice President of Hotels Unlimited, said that the 174-room hotel will continue to be operated as a Holiday Inn. “The hotel will undergo some renovations, including exterior improvements and complete guestroom refurbishing. We will also reconfigure the ballroom space to expand the hotel’s offerings as a premier wedding destination.”
“This is an exciting opportunity for us to contribute to the growth and development of the Tinton Falls area,” Tajfel said. “We have built our reputation by offering unsurpassed service and value to corporate and leisure travelers, and we look forward to extending our hospitality services to Tinton Falls.”
Hotels Unlimited, Inc., established in 1990, now includes 8 hotels affiliated with Holiday Inn, Radisson, Ramada and Days Inn, as well as shopping centers, office buildings, self storage facilities and various hotel complexes under development. For more information about Hotels Unlimited, please visit www.hotelsunlimitedinc.com.
The Holiday Inn of Tinton Falls will be managed by Crescent Hotels & Resorts. Headquartered in Fairfax, Va., outside of Washington, D.C., Crescent Hotels & Resorts owns and co-invests in hotel real estate, and is an independent, third-party operator of hotels and resorts. The company currently owns or operates approximately 35 upscale and mid-market hotels and resorts aggregating approximately 6,000 rooms in 18 states. The company’s portfolio encompasses properties in the resort, full-service, convention and premium limited-service segments under nearly 15 hotel flags, including the leading brands of Marriott, Hilton, Starwood, InterContinental, Choice and Wyndham Hotel Group, as well as independent hotels and resorts. Additional information about Crescent Hotel & Resorts may be found on the company’s Web site www.chrco.com
Contacts: Julia Coppock
399 Monmouth Street
East Windsor, New Jersey 08520
(609) 632-0006 Ext. 628