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Avendra Renews Contracts with Its Five Founding Customer Partners; Validates Success of Avendra''s Procurement Model.

Publication: PR Newswire
Publication Date: 18-DEC-03
Format: Online - approximately 555 words
Delivery: Immediate Online Access

Article Excerpt
ROCKVILLE, Md., Dec. 18 /PRNewswire/ -- Avendra announced today that it renewed contracts with its five founding customer partners, ClubCorp USA, Inc., Fairmont Hotels & Resorts, Hyatt Hotels Corporation, Intercontinental Hotels Group, and Marriott International through early 2007. The renewed agreements provide a strong endorsement of Avendra and validate the original premise of the venture -- to add value to Avendra customers' properties. The five customers represent over $1.3 billion in purchases through Avendra's programs.

"When we opened our doors for business...

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