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Article: Interstate Hotels & Resorts Named to Manage First Extended-Stay Hotel in Iowa City, Iowa; Under-Construction Property Part of New Downtown Mixed-Use Development.
- Article from:
- Business Wire
- Article date:
- August 23, 2004
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Copyright informationCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARLINGTON, Va. -- Interstate Hotels & Resorts (NYSE: IHR), the nation's largest independent hotel management company, today announced that it has been selected to manage a luxury, all-suite hotel currently under construction in downtown Iowa City, Iowa. The 56-suite, extended-stay property is part of a $27 million, mixed-use development called Plaza Towers, which also will feature a 14,000-square-foot grocery store; 4,000 square feet of ground-level retail space; a state-of-the-art health club; a conference center; 27 apartments; and 28 condominiums. The Plaza Towers project is expected to be completed by late 2005.
"Iowa City is experiencing a development boom, and Plaza ...
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