Interstate Hotels & Resorts Selected to Manage Sheraton Cerritos Hotel, Recently Acquired by Crown Jewel of Pacifica, LLC

10/06/2016 08:07

ARLINGTON, Va., June 10, 2016 /PRNewswire/ -- Interstate Hotels & Resorts – the leading U.S.-based global hotel management company – announces that it has been selected to manage the Sheraton Cerritos Hotel recently acquired by Crown Jewel of Pacifica, LLC, which will further invest in capital upgrades to the hotel in the near future. The Sheraton Cerritos will be managed by Interstate Hotels & Resorts' Rim Hospitality Division based in Newport Beach, Calif.

"It's gratifying to earn business from a relationship with a new owner, and we'll continue to provide outstanding operations and results. Having managed the hotel previously, we are well versed in all aspects of its operations and the market," said Russ Cox, executive vice president, operations of Interstate's Rim Hospitality Division.

The market-leading 203-room Sheraton Cerritos Hotel, the only full-service hotel in the City of Cerritos, is centrally located directly between Orange County and Los Angeles. Adjacent to the Cerritos Center for the Performing Arts, the hotel is part of a 100-acre, mixed-use business park with abundant shopping, dining and entertainment venues. A short distance from other Southern California leading attractions, including Disneyland and Knott's Berry Farm, the Sheraton Cerritos features 15,241-square-feet of indoor and outdoor meeting and event space, Paired – the lobby lounge and bar dining experience influenced by global cuisine – and Grille 91 Restaurant & Bar.

"Interstate Hotels & Resorts continuously provides excellent management expertise, solidifying our decision to work with the company to manage the Sheraton Cerritos Hotel," said Andy Chang, Chairman and CEO, Crown Jewel of Pacifica, LLC. "We're looking forward to a successful future with Interstate and its top quality team."

For Interstate Hotels & Resorts' Rim Hospitality Division business inquiries, contact Mark LeBlanc, Executive Vice President-Development & Acquisitions at (209) 602-4432, or visit www.InterstateHotels.com.

Known as the global leader in the hotel management industry, Interstate's relationships and knowledge – shared among brilliant hospitality partners – result in an expansive management team and advanced talent strength through a 426-hotel portfolio worldwide. Interstate's unsurpassed hospitality professionals translate valuable resources and accumulation of knowledge into a proven track record of hotel success and associate engagement.

About Interstate Hotels & Resorts

Interstate Hotels & Resorts, Inc. is the leading U.S.-based global hotel management company, operating branded full- and select-service hotels and resorts, convention centers and independent hotels worldwide. Currently, Interstate and its affiliates manage 426 hotels with more than 75,000 rooms around the globe. In addition Interstate has executed agreements to manage 40 hotels with more than 5,200 rooms under development or construction. For more information, please visit www.interstatehotels.com. Connect with Interstate at www.linkedin.com/company/interstate-hotels-resorts, www.facebook.com/InterstateHotels, and www.interstatehotels.com/careers.

About Crown Jewel of Pacifica, LLC

Crown Jewel of Pacifica, LLC was created as a single purpose entity reflecting that the Sheraton is the market leader and only full-service hotel in the City of Cerritos. The new ownership plans many improvements in the near future. The property is located adjacent to the state-of-the-art Cerritos Center for the Performing Arts and is part of a 100-acre, mixed-use business park with fantastic shopping and food and beverage outlets. This acquisition is part of a plan to reposition a private real estate portfolio managed by Continental Asset Management Group, with Andrew Chang as the CEO.

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Taylor Newsome
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