DiamondRock Hospitality Company selects Alliance Hospitality Hotel Management to operate New York City Hotel

Alliance Hospitality Hotel Management announced today that it had signed a management agreement to operate the 169 room Hilton Garden Inn New York Chelsea for DiamondRock Hospitality Company, a self-advised real estate investment company (REIT) that is an owner of premium hotel properties. This modern hotel located in the chic Chelsea district serves both corporate and leisure guests. Rolf Tweeten, Chairman of Alliance Hospitality Hotel Management, said “We were a natural fit to be selected by DiamondRock, having been involved in the opening and successful ramp-up of this asset since 2007. Operating in the New York City market requires 24/7 management of inventory and rate, which Alliance provides through dedicated market experts & proprietary market aware pricing. We have consistently over penetrated the market relative to the comp set & relative to the tract scale in 2010 YTD, which is a trend that our pace suggests will continue through peak season.” Tweeten further added, “We are very pleased to have Barry Shatoff continue as General Manager of the Hilton Garden Inn New York Chelsea. Shatoff brings over 20 years experience as a hotelier in the New York City Market.”