Four Points by Sheraton expands portfolio in North Carolina

Starwood Hotels & Resorts Worldwide, Inc. announced plans to open a Four Points by Sheraton hotel in Durham, N.C.

Four Points by Sheraton Durham Downtown will open in April of 2010 in a prime location in this thriving high-tech hub. Owned by Krishna Hotels and managed by Kelco Management & Development, the newly renovated hotel will offer 159 spacious rooms with comfortable beds, a lively, social atmosphere, and popular extras such as free high-speed internet and bottled water.

Located in the heart of downtown Durham, Four Points by Sheraton Durham Downtown will be just minutes from Research Triangle Park, Duke University, Duke University Medical Centers and the University of North Carolina at Chapel Hill. A 15 minute-drive from the Raleigh-Durham International Airport, the new hotel is one block from the Durham Bulls Athletic Park and the American Tobacco Historic District, and close to leading convention facilities and the offices of numerous high-tech companies such as IBM, Motorola, and Oracle. The hotel will also offer convenient proximity to several performance venues including the historic Carolina Theatre and the brand-new Durham Performing Arts Center.

"Four Points by Sheraton is delighted to welcome guests to dynamic downtown Durham, one of the nation's most prestigious research and academic communities," said Sandy Swider, Vice President, Four Points by Sheraton. "Four Points by Sheraton prides itself on giving guests just what they need – comfortable rooms, a social atmosphere and little indulgences to help them feel fulfilled at the end of the day."

Four Points by Sheraton Durham Downtown will put guests at ease by serving fresh pie and coffee in its welcoming lobby. A wide selection of international beers will be available in the hotel bar, courtesy of the popular Four Points by Sheraton Best Brews® program. The comfortable and contemporary guest rooms will create a welcome refuge at the end of the day. Guests will be invited to relax in the Four Points by Sheraton Four Comfort Bed, an inviting ensemble featuring a plush mattress, assortment of pillows and duvet. Rooms will also come equipped with 42-inch plasma televisions, spacious showers, free in-room bottled water and complimentary high-speed Internet access.

An ideal location for small to mid-size business meetings or social functions, Four Points by Sheraton Durham Downtown will provide 1,500 square feet of state-of-the-art meeting and conference space. Additional facilities will include a restaurant, outdoor pool, and business center.

About Krishna Hotels

Krishna Hotels is a newly formed Investment Group with over 45 years of experience in investments ranging from hotels, technology, manufacturing, fast-food services, retail gas and convenience, and land-banking. Krishna Hotels aims to seek investment opportunities that utilize best in class management, asset management, and franchise affiliations. Krishna Hotels is actively managed by Raj Patel, a former Wall Street stock broker from New York City, and head of sales and marketing for Milplex Circuit Canada, Inc. based in Toronto, ON. Raj and his wife currently reside in Durham, N.C.



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