Travelers that want to
take their lifestyle with them to New York City will have a new, stylish
option in lodging in late 2009 with the anticipated opening of a Cambria
Suites hotel at 325 West 33rd Street in the heart of midtown Manhattan.The
upscale, all-suites hotel is located less than a block from Madison Square
Garden and Penn Station. This property and the 12-story, 300-suite Cambria
Suites Brooklyn Bridge hotel are owned by PLC Partners, LLC of New York
City. The announcement was made in Los Angeles at the annual Americas
Lodging Investment Summit (ALIS).

  “Our second Cambria Suites hotel in New York City is in a very
high-profile location, within a few blocks of major corporations and
tourist destinations, including the Empire State Building, Jacob Javits
Convention Center, Penn Station and Madison Square Garden,” said Dan Hagan
of PLC Partners. “With our locations in Brooklyn and in Manhattan, both
slated to open in late 2009, we have two properties with nearly 550
combined suites that provide business and leisure travelers the luxuries of
home and the latest amenities at a reasonable rate. We continue to work
with the Cambria Suites real estate team to identify additional hotels
sites in major Northeastern markets and we anticipate announcing more high
profile locations in the coming months.”

  This Cambria Suites hotel will bring the latest in hotel innovation to
midtown Manhattan. Like all Cambria Suites hotels, the property will offer
the latest in technology, including flat-screen LCD televisions, CD/DVD
players, and MP3 jacks in the guest suites and complimentary wired and
wireless high-speed Internet access throughout the property.

  “We are extremely excited about this exceptional midtown Manhattan
site, which will provide incredible visibility for the Cambria Suites
brand,” said William Edmundson, president, Cambria Suites. “We have two
very strong hotel sites in New York City, and the support of PLC Partners,
LLC and its equity partners is a testament to the brand’s appeal to today’s
travelers. Momentum remains strong as the brand celebrates its third
anniversary at this conference, and we anticipate adding more high-profile
locations across North America and beyond.”

  “We are very pleased to be a part of such a dynamic partnership on this
high-profile project in Manhattan,” said Peter Steier, vice president,
Inland Mortgage Capital Corporation, which provided acquisition financing
for the project.

  All Cambria Suites hotels include Reflect, a casual dining area that
features a full barista coffee bar and serves breakfast and dinner;
Refresh, a state-of-the-art fitness center with an indoor pool and spa; and
Refill, a 24-7 convenience store that stocks freshly prepared “grab ‘n’ go”
salads and sandwiches as well as typical convenience store fare and healthy
and organic foods. In addition, all hotels offer more than 1,000 square
feet of meeting space.

  “The Penn Station and Madison Square Garden section of the city has a
great deal of activity, but its architecture is gray and stolid,” comments
architect David Helpern, president of Helpern Architects, which designed
the hotel and is known for creating some of the city’s most popular hotels
—the SoHo Grand, the Penn Club of New York, and the flagship W on
Lexington Avenue. “We’ve given the Cambria Suites hotel a lively,
transparent facade of faceted colored glass. It should be a fun place to
stay,” added Helpern.
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