San Jose, CA, January 20, 2015 – Alliance Hospitality announced today that it will manage the Holiday Inn located in San Jose, near the Mineta San Jose International Airport. Aju Hotels and Resorts, a subsidiary of Korean company Aju Corporation, recently acquired the property. Rolf Tweeten, Chairman of the Board for Alliance Hospitality, made the announcement.
The San Jose Holiday Inn will be the second US property both owned by Aju Hotels and managed by Alliance Hospitality.
“We’re enthused to work with Alliance Hospitality again because of this very successful working relationship that we have built over the past year,” said Jinhee Michell Lee, President of Aju Hotels. “Their assistance in the acquisition process was incredibly integral for Aju’s initial investments in the United States. We look forward to growing together with Alliance.”
The newest Holiday Inn in the San Jose area, the hotel is located within one mile of the airport. The property features 354 guestrooms, a full-service restaurant, lobby bar, outdoor heated pool and over 12,000 square feet of flexible meeting and banquet space. It is close to a variety of restaurants and shopping options and a short distance from downtown.
“The thriving Silicon Valley area is an ideal location for our first full-service hotel in California and this Holiday Inn has many competitive advantages,” said Tweeten. “We plan to leverage its strengths to insure it is a market leader in the greater San Jose region.”
About Alliance Hospitality
Alliance Hospitality is an innovative next-generation hospitality company engaged in the acquisition, repositioning and management of hotels and resorts throughout the United States. Founded in 2003 to manage lodging assets for institutional investment groups, individual owners and lenders, and private equity groups, Alliance provides value by developing the highest caliber hospitality professionals, and through implementing proprietary tools and unique processes to create a comprehensive hospitality management platform. Alliance’s current portfolio of properties owned and managed includes luxury resort, full service, extended stay, all suite, and select service hotels operating under agreements with Marriott, Hilton, IHG, Carlson, Wyndham, Choice, and Starwood Hotels and Resorts.
About Aju Hotels and Resorts
Aju Hotels and Resorts, the hospitality real estate arm of Aju Corporation based in Seoul, Korea, began its hospitality roots in 1987 with the acquisition of the renowned Seokyo Hotel. Today the company has grown to be an expert in hotel development, investment, asset management and operation, both in Korea and overseas. Aju Hotels and Resorts strives to be a global company with best practices to create the finest hotels that all can enjoy. Globally, the group owns hotels under the Hyatt, Hilton, IHG and Marriott brands.