MeriStar Acquires Leases for Four Hotels

WASHINGTON, DC-MeriStar Hospital Corporation has acquired leases for four of its hotels from affiliates of Prime Hospitality Corporation. At the same time, the company signed long-term management contracts for the properties with its sister company, MeriStar Hotels & Resorts.

The properties are the 225-room Sheraton Crossroads Hotel and the 139-room Ramada Hotel, both in Mahwah, NJ; the 124-room Four Points Hotel by Sheraton, Mt. Arlington, NJ; and the 150-room Ramada Plaza Hotel, Meriden, CT. “Under MeriStar Hotels & Resorts’ management, we expect these four hotels to gain economy-of-scale benefits in purchasing, marketing and management,” says John Emery, MeriStar Hospitality chief operating officer.