ENGLEWOOD, CO - Destination Hotels & Resorts (DH&R) was recently ranked the second highest revenue producing hotel company among hotel management companies in Hotel Business magazine’s “2003 Top 100 Management Companies” survey. With 32 hotels under management and gross annual revenues of $557 million, DH&R was also ranked first for average daily rate.

“DH&R’s impressive revenue growth, in a challenging hospitality climate, points to our outstanding success in managing properties that cater to luxury consumer demand,” said Charlie Peck, President and COO of Destination Hotels & Resorts. “Our corporate philosophy of earning customer loyalty by providing discerning travelers with high-quality properties and resorts with unique appeal continues to pay high dividends.”

DH&R manages independent, luxury and upscale hotels, resorts and golf clubs around the country. Some of the most esteemed properties in the industry are managed by DH&R, including the famous Hotel del Coronado near San Diego, the century-old Algonquin Hotel in New York City and The Argent Hotel in San Francisco. Whether it’s a special location, valued history, high-level of experience, or all of the above, DH&R properties provide memorable experiences that drive customer loyalty and increase repeat business.

Hotel Business ranked management companies according to 2002 annual gross revenue, average daily rate and RevPAR, for which DH&R was ranked second. The survey was based on a fax poll of more than 150 management companies that “operate hotels under their own flag or those that own all of their properties outright” and is the largest management company analysis of its kind. The rankings were published in the April 7-20, 2003 issue of Hotel Business magazine.

About Destination Hotels & Resorts: Destination Hotels & Resorts (DH&R), a privately held company located in Englewood, Colorado is one of the largest independent lodging management companies in the United States operating 32 independent, luxury and upscale hotels, resorts and golf clubs in the United States. Destination Hotels & Resorts’ portfolio features more than 7,700 guest rooms, 16 golf courses and eight full-service spas. Distinctive and well-situated, Destination Hotels & Resorts managed properties offer exceptional recreational, business travel and conference facilities.

DH&R’s managed properties include NINE ZERO in Boston; Wild Dunes Resort in Charleston, South Carolina; Vail Cascade Resort & Spa in Vail; Royal Palms Resort and Spa in Phoenix and the Sunriver Resort in Oregon. You can visit DH&R’s online at www.destinationhotels.com. Travel professionals can access DH&R’s properties on the global distribution system via the company’s chain code, DN.

Destination Hotels & Resorts (DH&R) has formed a sales and marketing alliance with De Vere Hotel Group PLC, in the United Kingdom allowing DH&R to increase its portfolio presence in the UK with a company whose customer base and product offering is very similar to its own.

De Vere Hotels is a distinctive collection of 21 of the UK’s finest four- and five-star hotels, featuring 3300 rooms and is highly regarded for delivering excellent service in hotels that have maintained their individuality. These include nine leading golf resorts, such as the world famous The De Vere Belfry, host to four Ryder Cups. De Vere also has an impressive string of south coast hotels including The De Vere Grand, Brighton as well as outstanding destinations such as the De Vere Cameron House on the shores of Loch Lomond, Scotland. The latest addition is the elegantly refurbished De Vere Cavendish, St James’s, London, located in the heart of the fashionable West End. The hotels are positioned to serve both the conference and upper short breaks market as well as the discerning business traveler. www.devereonline.co.uk
——-