NEW YORK After careful analysis, SRS-WORLDHOTELS has decided to discontinue negotiations for an intended joint venture with IndeCorp, the holding company of Preferred Hotels & Resorts, Summit Hotels & Resorts and Sterling Hotels.
Based on record results in 2000, SRS-WORLDHOTELS will continue to serve its existing member-portfolio while expanding on its own. The company said significant funds are available to aggressively build memberships through individual member hotels, small groups and to further develop private label services. (3/30/01)