Park Plaza International Gives Heyde Companies Long Term Territorial Agreement.SCOTTSDALE, AZ--(BUSINESS WIRE)--Oct. 1, 1997--Park Plaza International Hotels and Resorts today announces a long term territorial development agreement with Dennis L. Heyde, president of Heyde Companies, based in Chippewa Falls, Wisconsin Chippewa Falls, named after the Chippewa Indians, is a city located on the Chippewa River in Chippewa County in the U.S. state of Wisconsin. The population was 12,925 at the 2000 census. It is the county seat of Chippewa CountyGR6. . Under the agreement, Dennis Heyde has exclusive rights to franchise hotels for Park Inns International through conversions of other brands and new construction within the states of Wisconsin and Minnesota. The Heyde Companies operate hospitality businesses mainly in Central Wisconsin Central Wisconsin is a colloquial term for a region of Wisconsin. This region generally coincides with the Wausau-Rhinelander Television Market. Counties in Central Wisconsin
The hotel project will be headed by Bob Dezotell, director of hotel development for Heyde Companies. Dezotell is a long time hospitality industry veteran with full operating experience as well as a background in new development, renovation and revitalization re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. of existing properties in the Midwest market. Dezotell says, "Our immediate objective is to develop 4 hotels in Minnesota and/or Wisconsin before Sept. 1, 1998. Within 5 years, we plan on 15 properties. We believe that with the strong commitment and support of Park Plaza International Hotels and Resorts, there are many hotels that can benefit by associating with us as a Park Inn International." Frank E. Orenstein, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Park Plaza International Hotels and Resorts, said: "We are delighted to have a company with strong local ties to the region and who has enjoyed an excellent working relationship with the Park Inn International brand. This transaction is consistent with our philosophy of entering into long term commitments with successful industry partners." Headquartered in Scottsdale, Park Plaza International Hotels and Resorts owns, manages and franchises the Park Inn International and Park 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. brands worldwide. Currently, it has more than 150 properties operating or under development in Europe, Asia, The Middle East, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Australia and Africa. CONTACT: Park Plaza International Hotels and Resorts Paul T. Carolan, 602/951-3335 |
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