AFM: Northwest Lodging International Secures Management And Brands Of Repositioned Vancouver B.C. Airport Conference-Resort Hotel.Business Editors SEATTLE--(BUSINESS WIRE)--Oct. 4, 2001 AFM (Atomic Force Microscope) A device used to image materials at the atomic level. AFMs are used to solve processing and materials problems in electronics, telecom, biology and other high-tech industries. Hospitality(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AFM.) Northwest Lodging International (Canada) Inc., a subsidiary of Toronto-based AFM Hospitality Corporation (TSE:AFM), has assumed the management of one of the largest hotels between Seattle and Vancouver - the Delta Pacific Resort and Conference Centre in Richmond, B.C. Under the agreement announced today between Allied Hotel Properties Inc. of Vancouver (CDNX CDNX See Canadian Venture Exchange (CDNX). :AHP AHP Assistant House Physician. ) and AFM Hospitality Corporation's subsidiary Northwest Lodging International Inc., Northwest Lodging acquires the long-term management of the hotel as of Oct. 1, 2001. In early January 2002, the new complex will be relaunched as two hotels under two leading AFM flags - The Ramada ra·ma·da n. Southwestern U.S. 1. a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade. b. An open porch or breezeway. 2. Plaza Hotel The Plaza Hotel in New York City is a landmark 19-story luxury hotel with a height of 250 feet (76 m) and length of 400 feet that (122 m) occupies the west side of Grand Army Plaza, from which it derives its name, and extends along Central Park South in Manhattan. with 210 rooms and The Park Plaza Hotel with 228 rooms and suites. The 438-room complex is the largest property managed to date by Northwest Lodging International (Canada), an affiliate of Seattle-based Northwest Lodging International and part of the hotel management division of AFM Hospitality Corp., a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. hotel company and franchisor of nine brands across all sectors. Lawrence P. Horwitz, Chairman of AFM Hospitality Corporation, says the agreement marks Northwest Lodging International's continued expansion north of the border. "Plans are to build on the property's excellent reputation established by Delta over the past four decades, bringing the strengths of the Ramada Plaza and Park Plaza brands," says Horwitz. "We're thrilled to take over this flagship property, and intend to enhance the standards of quality, consistency of service and amenities, while implementing further refinements and enhancements. This acquisition strengthens our offerings in the Pacific Northwest and our position as a leading hotel management company in both the United States and Canada." A five-minute drive from Vancouver International Airport Vancouver International Airport (IATA: YVR, ICAO: CYVR) is located on Sea Island in Richmond, British Columbia, Canada, about 15 kilometres from downtown Vancouver. , 20 minutes from downtown and less than two hours from the world-famous Whistler ski resort, the complex is ideally situated for business conference and resort clientel. Shared business, conference and resort facilities between Ramada Plaza and Park Plaza include: the 30,000-square-foot Vancouver Airport Conference Center; 20,000 square feet of exhibit space; a business centre; an outdoor patio bar grill; Reflections, a full-service, all-day restaurant; Suehiro Japanese Steakhouse; the Landing lobby lounge; one indoor pool and water slide and two outdoor pools; a full fitness centre with four tennis courts, two squash courts, massage therapy Massage Therapy Definition Massage therapy is the scientific manipulation of the soft tissues of the body for the purpose of normalizing those tissues and consists of manual techniques that include applying fixed or movable pressure, holding, and/or clinic, indoor whirlpool and two saunas; and a Children's Creative Center where children aged five to teen can entertain themselves. Park Plaza is an internationally recognized brand utilizing the Carlson marketing and reservation systems and catering to the complete needs of the business executive, meeting attendee and leisure traveler. The premier brand in the Ramada family, Ramada Plaza Hotel is designed for the discerning business and leisure traveler seeking superior accommodations. Peter Eng, Chairman of Allied Hotel Properties Inc., says, "The agreement helps to further enhance the relationship between Allied Hotel Properties and AFM Hospitality- and build on Allied's strategic plan to enhance its hotel business. Through these two respected brands, Ramada Plaza and Park Plaza, we can build on the property's excellent reputation to develop a complete resort and hotel conference complex." About Allied Hotel Properties Inc. Based in Vancouver, Allied Hotel Properties (CDNX:AHP) is a Canadian growth-oriented hotel company focused on the ownership of first-class business hotels in major Canadian cities including Greater Vancouver, Edmonton and Toronto. Its hotel portfolio currently consists of Crowne Plaza Hotel Georgia, Crowne Plaza Chateau Lacombe, Crowne Plaza Toronto Don Valley Hotel, Delta Vancouver Suites, Delta Pacific Resort & Conference Centre, Delta Vancouver Airport and Holiday Inn Vancouver Downtown Hotel. Further information is available at www.alliedhotels.com. Allied Hotel Properties Inc is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. listed on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . About AFM Hospitality Corporation Through its subsidiaries, AFM Hospitality Corporation, which also owns HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Purchasing Services Canada, AFM Asset Management Inc., Northwest Lodging International (USA) Inc. and Northwest Lodging International (Canada) Inc., is the exclusive Canadian Master Franchisor for ASTON(R), Best Inns(R), Hawthorn(R) Suites, Howard Johnson(R), Knights Inn(R), Park Plaza, Park Inn, Ramada(R) and Villager(R) Lodge. AFM Hospitality Corporation operates or has open and/or executed franchise agreements with 150 hotels in North America, representing an inventory of nearly 16,000 hotel rooms. The company's primary focus is to increase the number of hotels franchised by the respective brands, franchise new brands, build the portfolio of hotel management agreements, and acquire other franchise businesses related to the hospitality industry, while making available property management services. AFM Hospitality Corporation is a publicly traded company listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSE:AFM). AFM Hospitality Corporation system-wide sales for branded hotels in its franchise portfolio and properties operated by the company exceed CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $300 million per year. AFM Hospitality Corporation may be reached at www.afmcorp.com |
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