TBI Appoint Insignia Hotel Partners as Asset Managers of Hilton Cardiff Hotel
London, UK – October 2000 – Leading airport operator, TBI plc – whose interests range from UK airports such as Luton, Cardiff and Belfast to overseas airports including Costa Rica, Orlando, FL, and Stockholm – has appointed Insignia Hotel Partners as Asset Manager and Owners Representative of the Hilton Cardiff Hotel, which opened last year.
Caroline Price, Finance Director of TBI, commented: It has always been our intention to maximise the return from this excellent asset for our shareholders, and this appointment ensures these strategic goals are met. We were impressed by Insignia's analytical skills, their hotel expertise and their experience of Investment Management.
Derek Gammage, Managing Director of Insignia Hotel Partners, London, commented: We are delighted to add TBI's hotel to the stable of hotels which we asset manage. We are increasingly involved with investment groups and property companies, and our objective is to make hotel investment increasingly user-friendly.
Grant Hearn, Managing Director – Hilton UK & Ireland, commented: We already have an excellent relationship with TBI and welcome the appointment of Insignia Hotel Partners. We look forward to working with them to maintain the hotel's reputation and maximising its position in the market place.
For further details please contact:
Derek Gammage or Chris Rouse
Insignia Hotel Partners – London
Tel: +44 20 7491 0404
Fax: +44 20 7493 3734