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NEW MANAGEMENT TO TAKE OVER HOTEL ATOP THE BELLEVUE

 PHILADELPHIA, Feb. 3 /PRNewswire/ -- A team of managers, headed by Chris van der Baars, will take over the lease of Hotel Atop the Bellevue, the luxury 170-room hotel located in the Richard I. Rubin Co.- owned mixed-use Bellevue property at Broad and Walnut streets in Center City, Philadelphia. The hotel has been operated by an affiliated company of Cunard Line Limited since 1989.
 Cunard, which owns and manages luxury cruise ships in addition to three top-rated hotels in London and Philadelphia's Hotel Atop The Bellevue, recently decided to divest its hotel management business in the United States.
 Officials of all three organizations are optimistic about the result. Van der Baars' team, including director of sales and marketing Daniel A. Vas and hotel controller Navin Shah, will continue on with the hotel business they've successfully been building for several years.
 "I've been in love with Hotel Atop The Bellevue since the moment I arrived here two years ago," van der Baars said. "Besides being one of the most exquisite buildings architecturally, we took a fledgling hotel which had its share of problems and returned it to the successful business it once was. Most of the city's premier social events, including the Charity Ball, the Academy Ball and the Assembly Ball, have returned to our Grand Ballroom, and 1993 is already more than 70 percent booked in all areas of our business, from room nights to meeting and social functions."
 Richard I. Rubin & Co. Chairman Ronald Rubin is also optimistic. "Through Cunard's participation, we will be able to smoothly transfer the lease over to the van der Baars' team," he said. "We have complete confidence that Chris and the other managers will continue running a strong and profitable business."
 Cunard Executive Vice President of Operations Joseph P. Smyth said, "We leave Hotel Atop The Bellevue in good hands and are pleased that the arrangements are being made in an amicable manner. We wish Chris the best of luck with his new endeavor -- we know first hand how capable he is."
 Hotel Atop The Bellevue's new management team is called Commonwealth Hospitality Management Company.
 For additional information or to arrange an interview, contact Simon Public Relations Group at 215-574-3518.
 /delval/
 -0- 2/3/93
 /CONTACT: Lisa Simon of Simon Public Relations Group, 215-574-3518, or evenings, 215-925-6294, for Hotel Atop the Bellevue/


CO: Hotel Atop The Bellevue ST: Pennsylvania IN: LEI SU: PER

MJ-MP -- PH027 -- 2464 02/03/93 13:48 EST
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Date:Feb 3, 1993
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