Los Angeles - Three hotel groups, Capstar Hotel Company, Strategic Hotel Capital and Sunstone Hotel Investors, have initiated agreements with Grill Concepts, Inc. to open Daily Grill restaurants in their hotel properties. Each of the three companies has selected a location to launch the program. All three are expected to open by the end of this year.
The new agreements reflect a strategic alliance between Grill Concepts and Hotel Restaurant Properties Corporation (HRP), a Los Angeles-based affiliate, recently formed for the purpose of acquiring leases and management agreements for placement of Daily Grill restaurants in selected hotels nationwide.
Capstar Hotel Company, headquartered in Washington, DC, has agreed with Grill Concepts to open a Daily Grill in the Georgetown Inn on Wisconsin Avenue, in Georgetown. Capstar is a leading hotel and management company that acquires, owns, renovates, repositions and manages over 200 upscale, full-service hotel properties throughout the US, including hotels such as Hilton, Sheraton, Marriott, Embassy Suites, Doubletree, Crowne Plaza, Radisson and Westin.
Strategic Hotel Capital, a Chicago-based, privately-owned hotel management company which owns 24 hotels, has agreed to convert the restaurant at its Burbank Hilton in Burbank, California, into a Daily Grill. Strategic owns full service, upscale hotels operating under the Ritz Carlson, Hyatt, Hilton, Sheraton and Embassy Suites brands.
Sunstone Hotel Investors, Inc., based in San Clemente, California, plans to rebuild its 7,000 square foot restaurant in the Salt Lake City Hilton, a 400- room property, and to convert it into a Daily Grill. Sunstone Hotel Investors is a hotel real estate investment trust (REIT) that buys and renovates full- service hotels in the US Sunstone owns more than 60 hotels and is among the fastest growing hotel reits in the US Grill Concepts already is working with Sunstone on a second property to open and manage a Daily Grill in its Rochester, Minnesota Kahler Hotel, a 700-room hotel property, adjacent to the Mayo Clinic.
Grill Concepts said it already has been testing this restaurant hotel concept in San Jose, California at the San Jose Hilton, where the pilot program has been installed, with Grill Concepts assuming management of the hotel's City Bar & Grill restaurant, including room service. The menu has been converted; the staff has been trained; and construction to renovate the property is underway.
Grill Concepts currently operates Daily Grill restaurants in Southern California and Washington, DC, in addition to The Grill on the Alley restaurants in Beverly Hills and San Jose. The company also operates restaurant properties in New Jersey and Pennsylvania.
Certain statements in this news release, including rollout plans for Daily Grill restaurants and other matters, are forward looking within the meaning of the Private Securities Litigation Reform Act of 1995. They involve a number of risks and uncertainties, and, therefore, there can be no assurance that such statements will materialize in the future.
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