HDP Breaks Ground for the 132-key Hampton Inn & Suites Dunwoody/Perimeter Center in Atlanta, Georgia
ATLANTA, GA - November 5, 2014 - Hotel Development Partners (HDP) recently held a groundbreaking ceremony for the Hampton Inn & Suites Dunwoody/Perimeter Center.
Working in conjunction with Winter Construction Company, the firm is constructing an upscale, mixed-use development on Ashford Dunwoody Road that will open in early 2016. Located near Perimeter Mall, the 132-room Hampton Inn & Suites will be the latest urban prototype for this Hilton hotel brand. Dunwoody-based Hotel Equities will manage the hotel.
"We are pleased to bring this unique urban version of the Hampton Inn & Suites brand to Perimeter Center," said Fred Cerrone, Chairman and CEO of HE and COO of HDP. "The hotel will enhance lodging offerings in the market and provide a welcome option for both business and leisure travelers."
The re-use of the 3.6 acre former parking field at the Sterling Pointe office complex creates a desirable urban setting for the hotel and 25,600 SF of restaurants and retail. Corner Bakery marks the first of two restaurants to be included in the project that provides a unique destination dining experience for the Perimeter Center market.
"This urban development in Perimeter Center offers highly marketable outparcels as well as a dominant hotel brand to Atlanta's most active and dynamic office, retail, hotel and residential market," said Allen O'Brien, CEO of Hotel Development Partners, LLC.
About Hotel Equities
Hotel Equities (HE) is an Atlanta-based full-service hotel development and management company which owns and operates more than 50 hotels throughout North America and internationally. Frederick W. Cerrone, CHA, serves as Chairman and Chief Executive Officer. Brad Rahinsky serves as President and Chief Operating Officer. For more information, visit www.hotelequities.com.
About Hotel Development Partners
Hotel Development Partners, LLC (HDP) is an Atlanta-based joint venture formed by Hotel Equities and IRE Capital for the purpose of acquiring and developing premier-branded, select service hotels. HDP Investment Fund I, LLC is the investment vehicle which allows private investors to participate in institutional-quality hospitality properties. Principals of HDP are Bob McCarthy, Chairman of the Board, Allen T. O'Brien, Chief Executive Officer and Frederick W. Cerrone, Chief Operating Officer. In addition to the Hampton Inn & Suites - Dunwoody/Perimeter Center, HDP also owns the 102-room Fairfield Inn & Suites, Charleston, SC and the 175-room Residence Inn - Miami Beach/Surfside which will open in July of 2015. Additionally, HDP has ten existing hotels under contract for purchase throughout the southeast.
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 
