Mr. Robin Conners reports
360 VOX ANNOUNCES ASSET MANAGEMENT AGREEMENT
360 Vox Asset Management Inc., a wholly owned subsidiary of 360 Vox Corp., has entered into a five-year asset management agreement for a portfolio of hotels owned by affiliates of Ivanhoe Cambridge.
Under the terms of the agreement, the properties under management by 360 VOX Asset Management will be the Fairmont Vancouver (Vancouver, B.C.), the Fairmont Empress (Victoria, B.C.), the Fairmont Royal York (Toronto, Ont.), the Fairmont Chateau Laurier (Ottawa, Ont.), the Fairmont Queen Elizabeth (Montreal, Que.), the Fairmont Olympic (Seattle, Wash.) and the Fairmont Washington, (Washington, D.C.). 360 VOX Asset Management will work closely with the owner to manage the properties with the objective of preserving and maximizing the value of the properties by providing asset management services, and overseeing the construction and renovation projects at the properties.
Robin Conners, president and chief executive officer, commented: "We are very pleased to have the opportunity to work on this exceptional real estate portfolio. Our integrated capabilities in development, operations and asset management are a perfect fit for the management of these unique hospitality assets."
360 VOX Asset Management's senior management has more than 40 years of experience in managing hospitality properties and has previously managed or advised companies such as Fairmont Hotels and Resorts, Marriott International, Starwood Hotels and Resorts, Carlson Hotels Worldwide, Wyndham Hotels Worldwide, and Renaissance Hotels and Resorts.
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