Alexandria, VA Hotels Stimulate Local Economy With $388 Million Property Investment February 23, 2009
Media Release                                                                                                              Contact:
                                                                                                                          Emily Hellewell
                                                                                                                            (703)746-3309
                                                                                                      EHellewell@VisitAlexVa.com

ALEXANDRIA, VA HOTELS STIMULATE LOCAL ECONOMY
WITH $388 MILLION PROPERTY INVESTMENT
New hotels and upgrades to existing properties expected to
attract travelers by offering a variety of affordable luxury accommodations

ALEXANDRIA, VA (February 23, 2009) - Over the last two years, $388 million has been invested in the construction of new hotels as well as renovations and upgrades at existing properties in Alexandria, Virginia. This investment provides enhanced offerings and amenities for both business and leisure traveler.

With the February 2009 completion of Kimpton Hotels' Lorien Hotel & Spa, Alexandria now offers a total of 24 hotels with 4,746 rooms. Accordingly, accommodations in this historic city now range from boutiques such as the Hotel Monaco and Morrison House, both also by Kimpton, to full-service, corporate-class name-brands such as the Westin Alexandria and the Hilton Alexandria Old Town. Budget-friendly properties include the Hampton Inn and the Comfort Inn Alexandria.

"Travelers are more conscious about where they spend their money," said Stephanie Brown, President and CEO, Alexandria Convention and Visitors Association. "The investment made by Alexandria hotels will benefit the traveler and add value to the community by supporting the city in tough economic times."

Over the last two years, the upgrades and renovations have spread across hotels of all types throughout the city. New hotels include:
• Hotel Monaco (February 2008)
• The Lorien Hotel & Spa (February 2009)
• Residence Inn by Marriott Alexandria at Carlyle (November 2008)
• Westin Alexandria (November 2007)

Recently renovated hotels include:
• Comfort Inn Alexandria
• Crowne Plaza Old Town Alexandria
• Embassy Suites Alexandria
• Hampton Inn & Suites-Alexandria South
• Holiday Inn-Eisenhower Metro
• Hawthorn Suites LTD Alexandria
• Hilton Alexandria Old Town
• Holiday Inn Hotel & Suites-Historic District
• Morrison House
• Residence Inn by Marriott Alexandria-Old Town
• Sheraton Suites Alexandria
• Washington Suites Alexandria

Alexandria is already benefiting from investments in new and upgraded. According to Smith Travel Research in 2008 demand for hotel rooms was up 7.8 percent over the previous year. Additionally, the ADR (average daily rate; room revenue divided by rooms sold) was up 6.7 percent in 2008, and the RevPAR (room revenue divided by rooms available) was up 5.1 percent over 2007. Overall revenue was up 15 percent in 2008.


Media Contact: Emily Hellewell, (703) 746-3309, EHellewell@VisitAlexVa.com


About Alexandria
Alexandria is an ideal meeting destination for small to mid-size meetings, conveniently located minutes from Washington, D.C., and National Harbor. An abundance of hotel and meeting facilities from budget conscious to luxury can accommodate up to 1,000 people.

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