NASHVILLE, TN HOTEL BUSINESS. has learned that ShoLodge plans to build nine hotels this year and turn them over to industry partners to operate such as Marriott International and Hilton Hotels Corp.
The move is indicative of ShoLodges plans to get out of the ownership side of the business. The company sold its Sumner Suites chain six months ago to Prime Hospitality. However, it still owns and manages 14 Shoneys Inns and is the exclusive franchisor of the brand.
Of the nine hotels in the companys portfolio that are under construction, three broke ground in 2000 and will be completed by the end of this year. Another three hotels will begin and end construction in 2001, and the final three will break ground this year and open in 2002, according to Bob Marlowe, CFO/ShoLodge
ShoLodge will build, among others, a Hilton Garden Inn, Marriott Springhill Suites and Residence Inn. (2/9/01) Diana M. Rodriguez