Chesapeake Hospitality, one of the country’s fastest growing third-party hotel management companies, has added management of the Holiday Inn Frederick-Conference Center to its full-service management portfolio. Kim Sims, president of Chesapeake Hospitality, made the announcement.
Located just five minutes away from historic downtown Frederick, Md., the property’s new ownership is expected to undertake a total hotel renovation—including interior and exterior upgrades. The hotel currently features 155 guest rooms, each equipped with the new Simply Smart bedding collection and complimentary high speed wireless internet access, an indoor recreation center with an indoor pool, sauna, whirlpool and miniature golf, 13,000 square feet of meeting and convention space for up to 1,000 people, a full-service restaurant, fitness center and 24-hour business center.
“The Holiday Inn Frederick-Conference Center offers guests an abundance of amenities convenient to nearby attractions—such as the adjoining Francis Scott Key Mall, downtown Frederick and numerous Civil War heritage sites,” said Sims. “With our management team’s extensive experience managing large scale renovation projects, we will create a fresh new environment for travelers while improving the property’s product, services and reputation.”
The addition of the Holiday Inn Frederick-Conference Center brings the total number of hotels managed by Chesapeake Hospitality to 26, The company has signed seven new management contracts this year totaling nearly 1,200 rooms, including historical assets and several deep-turn projects that involve re-branding. The company experienced total portfolio RevPAR growth of 6.4 percent in the first half of the year, and a same-property EBITDA growth increase of 13.3 percent over 2013.
Chesapeake Hospitality is a mid-sized, third party hotel management company with a proven track record of successful, award-winning operations of full-service hotels. Chesapeake’s specialized experience with deep turn around properties and industry leading strategies for profitable F&B operations has positioned the company as a fast growing third party manager recognized for results. Ranked in the top 50 largest independent operators, the company manages hotels under the Hilton, Starwood, and InterContinental Hotels Group brand families as well as independent properties. For additional information visit the company’s website: www.chesapeakehospitality.com