Desires Hotels expands portfolio

Desires Hotels has signed
contracts to manage three boutique hotels in New York and Milwaukee.
  The hotels include the luxury Cassa Hotel and Residences in Manhattan,
N.Y., the upscale Lift Hotel in Long Island City, N.Y., and the upscale
Iron Horse Hotel in Milwaukee, Wisconsin. The Iron Horse marks the
company’s first venture into the Midwest.
  “The locations of these properties and their positioning as luxury and
upscale modern boutique hotels present incredibly unique and exciting
growth opportunities for our Desires portfolio,” said Raul Leal, president
of Desires Hotels. “In addition to strengthening our position and growing
our collection with the additions of the new hotels in New York, the Iron
Horse Hotel creates a gateway for us to enter into the Midwest.”
  Located on 45th Street in midtown Manhattan, the 42-story-luxury Cassa
Hotel and Residences will include 166 luxurious and hi-tech suites, a
signature restaurant along with other unique food and beverage options and
venues. It will also have conference facilities, and a business and fitness
center. It will open in the first quarter of 2009.
  The five-story The Lift Hotel will include 58 rooms and suites and will
be located within 10 minutes of Shea Stadium. It will include an upscale
restaurant and lounge, an outdoor cafe, three conference rooms and a
fitness facility. The hotel is expected to open in the second quarter of
2009.
  The Iron Horse Hotel is Milwaukee’s first modern boutique hotel and is
located across the Milwaukee River from the new Harley Davidson Museum. The
hotel will include 100 rooms and suites and will include a signature
restaurant and lounges, conference facilities, and a business and fitness
center. It will cater to business and leisure travelers, as well as
motorcycle enthusiasts. The hotel is expected to open in the summer of
2008.
  Desires Hotels provides a wide range of management services to both
institutional and individual owners of hotels in the United States and
Caribbean. The Desires portfolio currently includes the award-winning
93-room Sagamore Hotel, the 40-room Hotel Astor, the 61-room Betsy Hotel,
and the 87- room condo hotel The Strand Ocean Drive in Miami Beach, Fla.,
the award- winning 84-room San Juan Water & Beach Club Hotel in San Juan,
Puerto Rico, the 110-room Glenn Hotel in Atlanta, Ga., and the 235-room
Hotel Mela in New York City, NY.
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