FORT WORTH, TX and DENVER, CO, Aug. 1, 2011—Richfield Hospitality, a leading hotel management company, today announced the company signed an agreement to manage the 431-room Sheraton Fort Worth Hotel & Spa (top left photo), in Texas, on behalf of developers and owners, Presidio Companies, a hospitality development and asset management company.
The property recently underwent an extensive, top-to-bottom, $48 million renovation.
“Presidio Companies is highly regarded as strategic, expert developers of hotel real estate properties,” said Greg Mount (middle right photo), president of Richfield Hospitality.
“The hotel, the second Sheraton property in our portfolio, is well-located, a block from the Fort Worth Convention Center, convenient to DFW International Airport and Love Field, and within walking distance of numerous restaurants and world-class entertainment venues.
“The recent renovation lasted two years and focused on all guest rooms and public spaces, including the addition of the all new, state-of-the-art Link@Sheraton Lobby.
“Coupled with the latest technological advances that meeting planners will appreciate, we predict the Sheraton Fort Worth Hotel & Spa will quickly become a revenue-driving leader in the Texas market. This is our first contract with Presidio, and we look forward to exploring other opportunities together in the future.”
“Richfield Hospitality’s extensive track record of success with similar complex properties in major downtown markets made them a compelling choice as manager,” said Guneet Bajwa, chief operating officer, Presidio Companies.
“The recently completed, extensive renovation affords guests the opportunity to enjoy an exclusive, unique experience in downtown Fort Worth that includes a stylish, 8,000-square foot luxury fitness center and spa, featuring a yoga room, Pilates studio and six treatment rooms and a Shula’s 347 Grill.”
Located at 1701 Commerce Street down the street from the Fort Worth Convention Center (lower left photo), the Sheraton Fort Worth Hotel & Spa is near Dallas/Fort Worth International Airport and is convenient to the Museum of Modern Art and Rockwood Golf Course.
The hotel features 22,000 square feet of flexible meeting and exhibit space, capable of accommodating 1,000 people, and onsite dining at Shula’s 347 Grill.
Additional information about Richfield Hospitality may be found at the company’s website, www.richfield.com.
Contact: Jerry Daly or Chris Daly, Daly Gray, (703) 435-6293
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