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| Peabody Little Rock Hotel, Little Rock, AK |
ATLANTA, GA - - Feb. 28, 2013—With the acquisition this week
of The Peabody Little Rock by an affiliate of Fairwood Capital, Davidson
Hotels & Resorts, one of the nation’s largest independent hotel management
companies, today announced that it has assumed management of the 418-room hotel
in downtown Little Rock, Ark. The hotel is the second management agreement
between Fairwood and Davidson.
“The property is a vital economic engine for Little Rock and
is one of the most prominent hotels in the Mid-South. We appreciate Fairwood’s confidence in our ability to help
maximize its potential, and look forward to delivering an unrivaled customer experience
in this marquis property,” said John Belden, Davidson’s president and
CEO.
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| John Belden |
“The addition of
the Marriott Hotels & Resorts brand will enable us to maximize the economic
impact the property will have on the city, the state and within the
region. The new Little Rock Marriott
will expand our overall Marriott portfolio to eight full-service assets with
over 2,500 rooms.”
“Davidson has done an outstanding job managing the Hilton Knoxville” said Ed Ansbro,
executive vice president of Fairwood Capital.
“We have every confidence that
Davidson’s management expertise, coupled with an upcoming renovation and
rebranding, will help this hotel retain its position at the very pinnacle of
the market.”
The hotel will convert to a Marriott Hotel in Q2, 2013.
For a complete copy of the company’s news release, please
contact:
Cyndi Norwood
Davidson Hotels & Resorts
(678) 349-0909
Chris Daly (media)
Daly Gray Public Relations
(703) 435-6293
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