The 119-room hotel is the first for Viking Hospitality Fund
DALLAS, May 8 /PRNewswire/ — Viking Hospitality Fund has announced the development of a 119-room SpringHill Suites by Marriott in Baton Rouge, Louisiana. The property is the first for Viking Hospitality Fund, which was formed in September 2007 by Dallas-based Prism Hotels & Resorts, Cambridge, Wisconsin-based Telemark Hotel Developers, and Atlanta-based Hotel Assets Group (“Hotel AG”) as a joint venture to build new select- and limited-service hotel properties nationwide under the Hilton and Marriott brands.
The hotel will be built at 7980 Howell Boulevard, near Baton Rouge Metropolitan Airport. Once completed in early 2009, it will be managed by Prism Hotels & Resorts.
“This hotel is the first in a series of select-service hotel developments from Viking,” said Al Whitehouse, senior vice president of acquisitions at Prism Hotels & Resorts. “We are actively seeking additional sites for development throughout the country and plan to construct as many as 30 new hotels nationwide over the next three years at a rate of 8-10 each year.”
SpringHill Suites by Marriott is a moderately priced, all-suite lodging brand with guest suites up to 25 percent larger than traditional hotel rooms. Launched in 1998, SpringHill Suites by Marriott has 177 locations worldwide.
About Viking Hospitality Fund
Viking Hospitality Fund, LLC, is a joint venture that builds new select- and limited-service hotel properties across the United States under the Hilton and Marriott brands. Viking Hospitality Fund consists of Hotel AG as the broker the real estate transactions; Telemark as the developer the properties; and Prism Hotels & Resorts, which currently manages more than 5,000 rooms in the United States and the Caribbean, as the manager of the properties once they’re completed.
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Source: Prism Hotels & Resorts
CONTACT: Media, Claire Bloxom, +1-214-329-9191,
claire@coopersmithagency.com, for Prism Hotels & Resorts
