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| DULLES, Va., April 12, 2004 � A gathering of
nearly 100 invited guests and local dignitaries �endorsed� the topping
off of the 150-suite Embassy Suites Hotel Dulles-North during a special
ceremony held recently at the property. Officials from state and
local government, the Loudoun County Chamber of Commerce, local businessmen
and bankers were invited to affix their signatures to the final structural
steel beam, which was then installed to complete the hotel�s skeleton.
Among those in attendance were Senator Bill Mims (Virginia, 33rd District); Louis Matrone, Chairman of the Loudoun County Chamber of Commerce; and John Lee, Vice President of Brand Marketing for Embassy Suites Hotels. The $38 million development includes an adjoining 90-suite Homewood Suites by Hilton hotel, which also is currently under construction. Both properties are expected to open in late 2004. The hotels, located on adjacent parcels of land at the 45000 block of
Waxpool Road, will be managed by PM Hospitality Strategies, an affiliate
of The Buccini/Pollin Group.
Dave Pollin, BPG president. �The Embassy Suites will be an ideal setting for business meetings of up to 200 people, as well as for weddings and other social events.� The six-story Embassy Suites Hotel Dulles-North�s interior has been designed to resemble a high-tech airport club and will contain indoor and outdoor pools, a business center, an upscale restaurant, 10,000 square feet of meeting space, WiFi Internet connectivity and a state-of-the-art fitness center. Additionally, the hotel will boast five Presidential Suites, a large fountain and indoor trellis. PM Hospitality Strategies of Washington D.C. manages 12 hotels, including Washington, DC�S grand dame, the recently restored Madison Hotel. PMHS� hands-on founders oversee all aspects of day-to-day operations, and emphasize marketing, employee development, and cost-effective operations for each hotel. With strong financial backing, PMHS ranks among the fastest growing hospitality management organizations in the United States. During each of its first six years, the company�s hotels have realized substantial increases in operating profits. Same unit sales increased in 2002 over 2001 for the second year in a row, a feat virtually unmatched in the hospitality industry during that time period. The Buccini/Pollin Group (BPG), with offices in Washington D.C., Wilmington, Del., and New York, is a multi-faceted hotel, office, residential, and parking facility developer and owner. BPG currently has 24 projects completed or under construction, including 10 hotels. Four hotel projects currently are under way: a complete restoration of the 353-room Madison Hotel in Washington, D.C. (re-opened September, 2003); construction of an Embassy Suites in Dulles, Va.; and two extended-stay Homewood Suites by Hilton hotels, in Newark, Del. and Dulles, Va. Founded in 1992, the company has acquired or developed, and currently owns, 2.5 million sq. ft. of office and flex space, three major multi-family projects, and two multi-story parking facilities, in addition to its extensive hotel holdings. |
| Contact:
PM Hospitality Strategies
Buccini/Pollin Group
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