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| Hilton Orrington Hotel, 1710 Orrington Ave., Evanston, IL |
EVANSTON, IL and SEATTLE, WA, July 1, 2013—The Dow Hotel
Company, LLC (DHC) , a hotel ownership, investment and management company,
today announced that it has acquired in a joint venture with The Carlyle
Group’s (NASDAQ: CG) Carlyle Realty Partners VI, the 269-room, Four
Diamond-rated Hilton Orrington hotel in Evanston, Ill.
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| Murray L. Dow |
It is the third
property acquired by DHC and its investment partners in the past nine
months. DHC will operate the hotel.
The hotel will undertake an approximate $6 million
renovation/upgrade over the next 12 months.
The improvements will focus primarily on guest rooms, corridors, upscale
lounge and coffee concept, meeting and other public space.
The property completed a total transformation in 2004 and
further upgraded from an independent property to the Hilton brand in 2010. Additional enhancements are designed to
provide guests and local residents with an unparalleled North Shore lodging
experience.
Located at 1710 Orrington Ave., the Hilton Orrington
features a 12,000-square-foot, state-of-the-art, International Association of
Conference Centers (IACC)-certified center.
The hotel also offers an additional 20,000 square feet of ballroom and
other meeting space capable of serving up to 550 guests. The property includes
a 173-space parking garage, business center and retail shoppes.
“Our first step will be to reach out to establish close ties
with the Evanston community, Northwestern University and our other neighbors,”
said Murray Dow, president of The Dow Hotel Company. “We will build on the hotel’s reputation as
the North Shore’s preferred gathering place and will implement a dramatic
enhancement to the food and beverage experience.”
For a complete copy of the company’s news release, please
contact:
Jerry Daly, Chris
Daly
(703) 435-6293
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