BETHESDA, MD City Hotels has inked a third-party management contract for the 137-room, limited service Hampton Inn in Northern Virginia.
However, Stephen Moore, president/City Hotels, noted that the company, which has only been in the third-party management business for six months, has seen some difficulty securing contracts.
The company has historically been a hotel owner, but announced last fall that it would aggressively pursue third-party management agreements as an added revenue stream.
It s not easy. There are a lot of people going after the same business, said Moore. There s a lot of competition out there. Despite the opposition, Moore added that City Hotels currently has a number of deals in the works. (4/19/01) Diana M. Rodriguez