A company that is affiliated with Trammell Crow Co., one of the nation's largest real estate developers, plans to announce today that it will take over the management of Washington's Hotel Bristol next week.
Wyndham Hotel Co. of Dallas, which operates or manages 17 hotels in the United States and the Caribbean, will begin managing the Bristol, the only luxury all-suite hotel in Washington, on Tuesday, said Michael B. Lee, Wyndham's senior vice president of marketing.
"We believe we can have a significant impact on the property because of our overall marketing operation, our national reservation system and our regional sales offices in Chicago, New York and Washington," Lee said yesterday.
The Hotel Bristol is owned by Mutual Benefit Life Insurance in New Jersey and has been managed since 1984 by RJS Development Co., a Houston-based hotel group owner. Mutual Benefit and RJS officials could not be reached for comment yesterday. Wyndham officials would not disclose its financial arrangements with Mutual Benefit.
"We've been expanding very rapidly over the last two years," said Lee, adding that Wyndham recently began building a convention hotel in Palm Springs, Calif. "And we've been eager to get into Washington's upscale hotel market." Lee would not elaborate on plans for the Bristol except to say Wyndham would increase meeting space.
"This will expand our marketing avenues tremendously," said Kathleen Keenan, spokeswoman for the Hotel Bristol. "We're very excited."
The Hotel Bristol is one of a growing number of all-suite luxury hotels, which represents between one percent and 2 percent of the total hotel-room market. Marriott Corp. recently announced its entry into the all-suite market. Holiday Corp.'s Embassy Suites Inc. subsidiary is the largest all-suites hotel chain.