Wednesday, December 3, 2008

Gemstone Hotel & Resorts Adds Luckie Marietta District’s Glenn Hotel in Downtown Atlanta to Management Portfolio

Officials of Gemstone Hotels & Resorts, a full-service hotel management and asset management company that specializes in luxury and upscale urban hotels and complex, multi-faceted resorts, today announced that the company has added the 110-room Glenn Hotel, downtown Atlanta’s first boutique hotel, owned by Legacy Property Group, to its management portfolio. It is the third boutique hotel management contract added by the company in less than 60 days.

“We feel confident that Gemstone Hotel & Resorts is the perfect fit for the Glenn Hotel, with their overwhelming experience in the luxury hotel market,” said David Marvin, founder and president of Legacy Property Group. “Their creative strategy for managing the big picture combined with proven methods for driving revenue will make the Glenn Hotel a boutique hotel of choice where guests experience the highest levels of service.”

This sophisticated boutique, housed in a converted historic former office building, also marks Gemstone’s expansion into Georgia and the southeastern United States. The company’s continued growth reflects its proven ability to generate optimum results in all economic climates and a growing demand for Gemstone’s specialized services.

“We have experienced similar growth during the last two down cycles,” said Thomas Prins, a principal of Gemstone. “During times like these, hotel owners shift to the top operators to protect their investments and optimize returns.

“There are not many boutique hotel operators like Gemstone who can provide the full range of services, from concepting to turn-around,” he noted. “Our expertise in this niche market allows us to truly hone in on creating the right experience for independent high-end hotels and resorts. We look forward to working with this extraordinary property and a knowledgeable owner, Legacy Property Group, who seeks to provide a great guest experience for both the business and leisure traveler visiting Atlanta.”

Located in the heart of the Luckie Marietta District, the Glenn Hotel is a contemporary, comfortable, 21st century evolution of southern charm. The recently renovated property features chic décor with a classic style. Each room is outfitted with plasma televisions, European-style bedding, pillow-top mattresses, rain-flowing shower head, designer H2O+ bathroom amenities, and over-sized desks with Herman Miller Aeron chairs.

The property also features the Maxim Prime Steakhouse—the prototype for Maxim Magazine’s and world-renowned restaurateur Jeffrey Chodorow’s contemporary steakhouse concept. The restaurant offers superior service and exceptional fare in a distinct, sophisticated blend of contemporary design and comfort. .The candlelit Rooftop Bar features unparalleled views of downtown Atlanta, and the Lobby Bar offers an intimate setting for mingling and relaxing.

“This is a magnificent property and right in our strike zone—high end boutique hotels with extraordinary food and beverage,” said Jeff McIntyre, one of Gemstone’s principals. “Our goal for this asset is to introduce a unique guest experience, enhance and focus the marketing and build on the hotel’s already great foundation.”

About Gemstone Hotels & Resorts

Headquartered in Park City, Utah, with an office in Stamford, Conn., Gemstone Hotels & Resorts is a full-service management and asset management company that specializes in luxury and upscale urban hotels and complex resorts. The company is engaged in resort and unique hotel marketing and management and asset management for a variety of major hotel real estate investors and owners. Gemstone currently manages or asset manages more than 20 projects. Additional information about the company may be found at www.gemstoneresorts.com.

About Legacy Property Group

Legacy Property Group is a real estate development firm that responds to unique market opportunities while enhancing the built environment. Founded in 1994, the firm was an early believer in downtown Atlanta’s resurgence. Fluency across multiple real estate uses, commitment to quality, and the ability to work with partners and local governments have enabled the company to define and develop innovative projects from $10 million to $100 million. Legacy Property Group has been recognized for development excellence by the Massachusetts Institute of Technology, Urban Land Institute, Atlanta Regional Commission, Atlanta Urban Design Commission, and the Georgia Trust for Historic Preservation. For more information on Legacy Property Group, please visit www.legacyproperty.com/

About Luckie Marietta District

At the heart of downtown Atlanta’s largest visitor and convention market, Luckie Marietta District is Atlanta’s true city experience – the heart of leisure and entertainment in town. The district has sprung from the streets to revitalize and connect in-town urban experience with easy, accessible entertainment, hotel and dining offerings to fit all tastes and within walking distance. Eminently accessible to metropolitan residents and travelers alike, the Luckie Marietta District is the city center Atlantans have long deserved. Luckie Marietta District offers premier dining offerings including Maxim Prime, Ruth’s Chris Steakhouse, McCormick & Schmick’s, Thrive, STATS, Rise Sushi Lounge, The Wine Loft, Legal Sea Foods, Johnny Rockets, Carvel Ice Cream/Cinnabon, Peasant Bistro, CNN Food Court and Park Avenue Deli. Hotel accommodations include: Embassy Suites, The Glenn Hotel, the Omni Hotel and the Hilton Garden Inn featuring downtown’s first commercial heliport. Entertainment and retail offerings include: Cigar Times, Georgia Aquarium, Imagine It! Children’s Museum, Philips Arena, CNN Center, Inside CNN Studio & Tour, Centennial Olympic Park, and the National Museum of Patriotism. Each member is actively involved in making the district a unique, safe and inviting in-town experience. For more information visit www.luckiemariettadistrict.com.
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