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| Hilton Baltimore Convention Center Hotel |
BALTIMORE, MD and BEVERLY, MA—Capital Hotel Management
(CHM), a leading hotel asset management and investment advisory firm, today
announced that it has been awarded a second contract extension for the asset
management of the 757-room Hilton Baltimore Convention Center Hotel.
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| Michael Doyle |
CHM was originally retained in 2006 by the Baltimore
Development Corporation, following a competitive bid process.
“We have worked closely with the hotel’s operators to
optimize revenues while minimizing overhead during a very difficult period that
has been impacted by a slow economic recovery, a sluggish meeting market and
the effects of increased rooms supply,” noted Michael Doyle, executive
vice president and head of asset management for CHM.
“This three-year contract extension will mark over a decade
of service to the City of Baltimore, and we look forward to building upon that
foundation.”
In addition to the Hilton Baltimore, CHM has provided asset
management services for more than 100 hotels over the past decade.
For a complete copy of the company’s news release, please
contact:
Jerry Daly, Chris
Daly
(703) 435-6293
(978) 522-7000.
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