Hampton announces purchase of Lincoln Holiday Inn Express
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[January 04, 2014]
Champaign Hotel Ventures, current owner
and operator of the award-winning Hampton Inn – Lincoln, has
announced the acquisition of the Holiday Inn Express of Lincoln. The
Holiday Inn Express offers 69 guest rooms/suites and employs
approximately 20 full- and part-time associates. Part of
InterContinental Hotel Group, the Holiday Inn Express offers an
indoor, heated swimming pool, fitness center, hotelwide WiFi, a full
hot breakfast and large meeting space.
Damon Priddy, general manager of Hampton Inn – Lincoln, will manage
both Lincoln properties.
"We truly value the support we have
received from the Lincoln and Logan County community!" Priddy said.
"We look forward to future plans for improvement to the property and
offering Lincoln and the surrounding area another first-class
Planned improvements include structural and cosmetic exterior
repairs, guest room renovations, extensive improvements to the
indoor pool area, and much more. More information regarding
renovation plans will be released at a later date.
Rick McGraw, manager of Champaign Hotel Ventures LLC, based in
Springfield, said: "We are delighted to be acquiring this property,
which will fit very efficiently into our existing portfolio of
quality midsized properties. The Lincoln and Logan County area has
proven to be a very supportive and growing community."
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The purchase will increase the Hotel Ventures portfolio to nine
properties located in central Illinois, southern Indiana and St.
Charles, Mo. Hotel Ventures Management currently operates Hampton
Inn, Holiday Inn Express, Baymont and Wingate by Wyndam brands, as
well as a boutique independent hotel.
Management news release]