Monday, July 1, 2013

The Carlyle Group and The Dow Hotel Company Acquire Hilton Orrington/Evanston in Evanston, IL

  
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.

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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