Davidson to Manage Marriott at Glenpointe

. August 20, 2010

TEANECK, NJ - August 19, 2010 - Officials of Davidson Hotel Company, one of the nation's largest independent hotel management companies, today announced that the company has been selected to manage the Marriott at Glenpointe Hotel and Conference Center in Teaneck, N.J. The 345-room hotel and conference center is part of the Glenpointe complex, one of northern New Jersey's foremost mixed-use developments. Located at the intersection of Interstates 80 and 95, the complex was developed and is owned by Alfred Sanzari Enterprises, a leading development organization based in Hackensack, N.J. The property marks Davidson's first contract with Alfred Sanzari Enterprises.

"The Glenpointe Marriott has tremendous attributes, including its proximity and easy access to New York City and its location in one of the most prestigious office complexes in northern New Jersey," said John Belden, president and CEO of Davidson Hotel Company. "It's also convenient to Fairleigh Dickinson University, Teterboro, Newark Liberty and LaGuardia airports, and such top leisure attractions as the New Meadowlands Stadium at the Meadowlands Sports Complex. This is Davidson's second property in the greater New York City metropolitan area."

"Our asset managers, hotelAVE, first recommended Davidson Hotel Company to manage the property," noted David Sanzari, president and CEO of Alfred Sanzari Enterprises. "Davidson is one of only a handful of operators with extensive experience in successfully managing complex hotels in multi-use developments. Their high-quality portfolio, exclusive focus on full-service assets, and experience with Marriott were highly attractive to us. In addition, the property will begin a comprehensive, multi-year renovation of the guest rooms and public spaces before the year's end, and Davidson has significant expertise managing such projects."

Located at 100 Frank W. Burr Blvd. in the flagship Glenpointe complex, the Marriott Teaneck at Glenpointe is three miles from the George Washington Bridge and 15 minutes from Manhattan. The property features 26,500 square feet of flexible meeting space, including a 10,458-square-foot grand ballroom capable of seating 1,200 people. Other hotel amenities include The Grille Restaurant, which serves American cuisine, The Glen Lounge, and the 26,000-square-foot Spa at Glenpointe.

Each of the hotel's 345 guest rooms boast a 37-inch Samsung HD television, Marriott's exclusive "Revive Bedding," and high-speed Internet access.

"This is our fifth full-service property in the Marriott system, and we continue to look for opportunities to grow our relationship with this iconic franchisor," added Steve Margol, chief investment officer of Davidson Hotel Company.

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