The Briad Group to Grow Hotel Portfolio by Over 40%
With 3 Hotels Under Construction
Livingston, NJ, September 22, 2009 - The Briad Group of Livingston, New Jersey, one of the nation's top-ranked hotel and restaurant developer/owner/operators, has announced that it will increase its hotel portfolio by over 40% with the scheduled openings of 3 new under construction hotels. "We currently have 3 hotels under way which will increase our portfolio to 10 hotels open and operating by the Summer 2010 along with a 4th site that is owned and ready for construction. With a long track record in hotel development, ownership and management, we believe we have a competitive edge in the current hotel real estate market. We have kept our focus on premium-branded hotels under such flags as Marriott, Hilton and Hyatt", said Steve Scharf, Vice President & Asset Management for The Briad Group.
The Briad Hospitality Management portfolio of operating and under construction hotels include:
Operating
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Homewood Suites Bethlehem, PA 113 rooms
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Residence Inn Neptune, NJ 100 rooms
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Courtyard Wall Township, NJ 113 rooms
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Residence Inn Mount Laurel, NJ 108 rooms
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Residence Inn Egg Harbor, NJ 101 rooms
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Hilton Garden Inn Milford, CT 120 rooms
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Homewood Suites Dover, NJ 108 rooms
Total Open and Operating Hotel Rooms: 763
Under Construction
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Residence Inn Branchburg, NJ 101 rooms
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Homewood Suites Allentown, PA 107 rooms
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Spring Hill Suites Yaphank, NY 128 rooms
Total Under Construction Hotel Rooms: 336
About The Briad Group
The Briad Group has been developing extended- and limited-stay hotels across the Northeast and Mid-Atlantic states for the past nine years, with 20 hotels opened. The company has developed properties under the Residence Inn, Courtyard and Spring Hill Suites brands for Marriott; and the Homewood Suites and Hilton Garden Inn brands for Hilton. Additionally, The Briad Group also operates 71 TGI Friday's and 42 Wendy's restaurants across eight states, employing approximately 11,000 people.
Contact:
Steve Scharf
Vice President of Development & Asset Management
The Briad Group,
78 Okner Parkway, Livingston, NJ 07039
Phone: 973-597-6433 x1104
www.briad.com
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
