Sunday, May 11, 2008
Dallas-based Viking Hospitality Fund expands into Baton Rouge
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DALLAS — 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.
Photo not provided by Viking Hospitality Fund
The hotel should provide much-needed rest for weary Vikings between raids
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.”
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.
Source: Viking Hospitality Fund
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