Newport Beach, CA, March 20, 2018 (GLOBE NEWSWIRE) -- Twenty Four Seven Hotels, a leading, hospitality management company based in the western U.S., has attained a new contract for management services of the Holiday Inn Ontario Airport, located in Ontario, California, adding 180 rooms to its portfolio.
The Holiday Inn Ontario Airport is the sixth hotel in this market managed by Twenty Four Seven Hotels, currently operating Hilton and Marriott premium select service brands adjacent to the Ontario Mills Shopping Mall.
The hotel is the newest full-service property in the Ontario airport area, with extensive food and beverage operations and 5000 square feet of modern, flexible conference space – ideal for banquets, exhibit space, wedding receptions and more. The meeting and banquet facilities stand to serve as overflow for the Ontario Convention Center or a mid-sized alternative for group business, while Landings Restaurant and Lounge offers a convenient onsite dining experience in a stylish setting for breakfast, dinner and dessert.
Walking distance from the Ontario Convention Center, the hotel also stands to gain from international growth strides happening at Ontario airport.
According to the Ontario International Airport Authority, 54 percent of all passenger demand that originates in Southern California, for travel to Asia, comes from zip codes closer to Ontario airport than LAX. The airport’s governing body recently offered incentives to any carrier that can bring new commercial flights from Asia, Europe, New Zealand and South America. The growth strategies of the airport are also making history as this marks the first transoceanic flight from any Southern California airport other than Los Angeles, due to the favorable length of their runways.
“We welcome the Holiday Inn brand to our growing portfolio of southern California hotels,” said Gary Gray, chief investment officer of Twenty Four Seven Hotels. “We plan to leverage the proposed renovation as well as the rapidly expanding passenger and cargo volume from the airport to reach even higher revenue performance in the coming years.”
The nearby Ontario Mills Shopping Center, Citizens Business Bank Arena and the LA County Fairgrounds are key attractions for leisure travel to this area.
Guest rooms include standard king or double, along with an inventory of suites providing enhanced living space. A state of the art fitness facility, comprehensive business center and a heated outdoor pool and hot tub are competitive amenities in the area. In addition, Twenty Four Seven Hotels has partnered with Uber for Business to provide airport transportation at all of its airport properties.
"With further improvement through renovation coupled with an exceptional hotel management partner possessing local know-how, the new owner is confident that the property shall continue to expand its share of business revenue in this market,” said Charles Yao, managing director of Aberdeen Realty Corp., who represented the new owner in the acquisition of this hotel. “The positive RevPAR growth renaissance Ontario is currently experiencing will increase the hotel's already impressive operating margin.”
About Twenty Four Seven Hotels
An entrepreneurial and spirited hospitality company, Twenty Four Seven Hotels delivers highly specialized services in hotel management, investment, and development. With a decade of focusing on the premium brand select service category, Twenty Four Seven Hotels has firmly established itself in the growing lifestyle brand segment with the 2016 opening of the first Moxy hotel in the United States. Concentrated in the western U.S., Twenty Four Seven Hotels continues to invest in high caliber hospitality talent to support its growing portfolio with premium hospitality brands including Marriott, Hilton, Hyatt, IHG and Choice. For more information on Twenty Four Seven Hotels, visit www.247hotels.com.
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About Aberdeen Realty Corp
Established in 2006, Aberdeen Realty Corp is a boutique real estate investment, financing and advisory firm with primary focus on hospitality and multifamily sectors. Its key principal, Mr. Charles Yao, has over 20-years experiences in advising clients on investment strategy.
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6434e0c1-6a1f-40e0-b4ef-0d3c8559a283
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b8218df4-5d87-49fe-8180-08b235c8e25e
Alison Sansone Twenty Four Seven Hotels 9497346435 email@example.com
Source: TwentyFour Seven Hotels