9-26-13 9:57 AM EDT | Email Article

FAIRFAX, Va., Sept. 26, 2013 (GLOBE NEWSWIRE) -- Crestline Hotels & Resorts LLC today announced it has assumed management of the Detroit Marriott Southfield in Michigan and the Atlanta Marriott Norcross in Georgia. The two full-service hotels were recently purchased by ASAP International Holdings, Inc. (OTC:ASAE) and will undergo product renovations and improvements in the coming months.

"We interviewed many hotel management companies and are delighted to have selected Crestline as our third party manager for these properties. We are confident that Crestline will help us protect and increase our investments. As we acquire more hotels in the future, ASAP International Holdings is pleased to have found the perfect hotel management partner to enhance our mutual growth," said Frank Yuan, CEO of ASAP International Holdings. 

"Crestline is pleased to have been selected by ASAP International Holdings as the management company for these two full-service, upper upscale hotels," said James Carroll, President & CEO of Crestline Hotels & Resorts. "Both of these properties are in very desirable suburban locations in major business corridors yet near popular leisure and activity settings. We look forward to enhancing the hotels' reputations for excellent service and memorable guest experiences, especially for our corporate and group meeting clients," added Carroll.

The Detroit Southfield Marriott is located at 27033 Northwestern Highway, Southfield, MI. The hotel is situated in one of Detroit's most desirable hotel destinations. The 225 guest room hotel includes three spacious suites, eight meeting rooms totaling 4,335 square feet, and two concierge-level floors for premium service. This suburban Detroit hotel is in close proximity to many of the area's Fortune 500 companies including: IBM, Verizon, AT&T, Federal Mogul, Plante Moran, and a host of other corporate headquarters. Leisure travelers will appreciate easy access to the Detroit Zoo, Henry Ford Museum, Comerica Park, Ford Field and other local activities.  For dining, guests may enjoy the hotel's Fire Iron Grill that serves breakfast, lunch and dinner, as well as fireside cocktails and light snacks in the lobby lounge. Additional hotel amenities include a fitness center, complimentary onsite parking, and an indoor pool for year-round enjoyment. The Detroit Southfield Marriott is a smoke-free hotel. The hotel is conveniently located 15 miles from downtown Detroit and 20 miles from Detroit Metropolitan Wayne County Airport (DTW) via the interstate system. For more information and reservations visit: www.marriott.com/dtwsl or call 248-356-7400.

The Atlanta Marriott Norcross is located at 475 Technology Parkway, Norcross, GA. The hotel is set in beautiful Technology Park, in the heart of suburban Norcross. It is in close proximity to many corporate headquarters and adjacent to shopping and dining. The Atlanta Marriott Norcross has 222 guestrooms, including four suites and nine meeting rooms with 4,582 square feet of space, as well as two concierge-level floors for premium service. For dining, guests may enjoy the hotel's Chile Lime Restaurant that serves breakfast, lunch and dinner, as well as the lobby lounge for cocktails and light snacks. Additional hotel amenities include a fitness center, complimentary onsite parking, and wireless Internet access throughout the hotel. The Atlanta Marriott Norcross is a smoke-free hotel. The Atlanta Marriott Norcross Hotel is also just a short drive from Atlanta attractions including downtown Atlanta, Buckhead, Turner Field, Six Flags Over Georgia, the Georgia Aquarium and a variety of other activities.  The hotel is 30 miles from Hartsfield-Jackson International Airport (ATL) and is easily accessed from I 285. For more information and reservations visit: www.marriott.com/atlcp or call 770-263-8558.

About Crestline Hotels & Resorts LLC

Crestline Hotels & Resorts LLC is one of the nation's largest independent hospitality management companies. Founded in 2000, the company presently manages 43 hotels, resorts and conference and convention centers with nearly 7,500 rooms in 11 states and the District of Columbia. Crestline manages properties under such well-regarded brands as Marriott, Hilton, Westin, and Crowne Plaza as well as independent, private label hotels and conference centers throughout the United States. For more information visit: www.crestlinehotels.com.

About ASAP International Holdings

ASAP is a holding company that operates real estate, investment banking and consulting for Chinese companies. Our mission is to be the bridge between China and the Western world. Our Real Estate division assists institutional and high net-worth individuals with acquisition advisement and asset management of U.S. hotels.  Corporate website: www.asapholdings.com.

Note: Certain matters discussed herein are forward-looking statements within the meaning of the Private Litigation Reform Act of 1995. Certain, but not necessarily all, of such statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should," "estimates" or "anticipates" or the negative thereof or comparable terminology. 

CONTACT: Gayle MacIntyre
         Global Ink Communications
GlobeNewswire, Inc. 2013
Add a Comment

News   More...

Securities related to this article
Orkla ASA ADR View orkly Stock Quote
Norsk Hydro ASA ADR View nhydy Stock Quote
Tomra Systems ASA ADR View tmray Stock Quote
Petroleum Geo-Services ASA ADR View pgsvy Stock Quote
Yara International ASA View yariy Stock Quote
Statoil ASA ADR View sto Stock Quote
Telenor ASA ADR View telny Stock Quote
Norsk Hydro ASA View nhykf Stock Quote
DNO International ASA Class A View dtnof Stock Quote
Hafslund ASA Class B View hfm Stock Quote
Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar

Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - - Crestline Hotels & Resorts to Manage Two Full-Service Marriott Hotels: the Detroit Marriott Southfield and the Atlanta Marriott Norcross
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: Crest® + Oral-B® Relaunches Pros in the Profession® Awards Program  |  Next: Crestwood and Inergy Announce Boards of Directors for Combined Companies