Hotel Equities to Manage Residence Inn Miami Beach - Surfside, Owned by Hotel Development Partners

. June 16, 2016

ATLANTA, GA./ MIAMI BEACH & SURFSIDE, FL. June 16, 2016 - Atlanta-based Hotel Development Partners (HDP) announced the opening of the 175-suite Residence Inn by Marriott Miami Beach-Surfside in hotel will operate as a Marriott franchise, owned by HDP-TLD Partners LLC and managed by Hotel Equities (HE), a JV partner in the deal.

“We are pleased to introduce this unique, lifestyle Residence Inn to the Surfside area,” said Allen O'Brien, President of Hotel Development Partners. Leisure guests and families will love the beach access and local options for entertainment and fun. “The location works well for small meetings with flexible spaces that can also serve for after-work gatherings and events. All of our guests may simply relax and enjoy being pampered by our experienced team.”

Located in the beachside luxury resort town of Surfside, within walking distance of Bal Harbour Shops, the Residence Inn Miami Beach-Surfside also offers convenient shopping at Aventura Mall plus the electricity of South Beach and the cultural scene of downtown Miami. The hotel's unique features, including a lushly landscaped courtyard and a rooftop bar and pool, combines to draw both the local community and hotel guests to the property.

“This project is one that is truly a flagship property for both HDP and HE alike,” said Fred Cerrone, Chairman & CEO of Hotel Equities and partner with HDP. “The offerings to our customers with all custom finishes, roof top pool, bar and suites are very unique and trendy to the Miami Beach area. We worked closely with Marriott to ensure this would be a flagship, state of the art, all-suite hotel with beach access in one of the hottest markets in the US.”

Extending the feeling of comfortable living, the hotel offers guests inviting, functional and flexible public spaces to relax or collaborate. Catering seamlessly to corporate guests, leisure travelers and families, the hotel offers a private beach club with sugary white sands and crystal clear waters of the Atlantic located a few steps from property. On site, guests may partake of a handcrafted cocktail in the hotel's lounge.

The Residence Inn Miami Beach Surfside offers complimentary Wi-Fi, 24-hour valet or onsite self-parking, onsite food and beverage, grocery delivery service, dry cleaning services, and two guest laundry facilities. The hotel's weeknight evening mixers offer a casual, relaxing environment where guests can be as social as they want, while enjoying light fare. The hotel also maintains modern meeting rooms, flexible outdoor event spaces, a courtyard arboretum and it provides guests with a rooftop pool, a pool deck with a bar and grill, a fitness center, as well as access to morning beach runs and biking trails nearby. Each guest receives complimentary memberships to the Surfside Aquatic Center and the Surfside Tennis Center.

The Residence Inn Miami Beach-Surfside's complimentary breakfast has a variety of great options, including specially made featured items. To make sure they do not miss the most important meal of the day, guests can start their day off right with healthy food choices either on site or as a convenient to-go offering. The property also offers lunch on the pool deck and tapas-style dining in the lounge in the evening.

The Residence Inn Miami Beach-Surfside is an all-suite hotel that offers studio, one-bedroom and two-bedroom suites. Guests looking for a revitalizing sleep experience will enjoy the hotel's plush mattresses and crisp linens, while guests focused on being productive will value their suite's large, well-lit work desk, ergonomic chair and complimentary high-speed Internet access. The Residence Inn Miami Beach-Surfside caters to short or extended-stay guests, and each suite has a kitchenette with a coffeemaker and microwave oven.

The Residence Inn Miami Beach-Surfside has been designed to LEEDÒ (Leadership in Energy and Environmental Design) standards. It is the newest Residence Inn to join the portfolio of Marriott properties that are designed to LEED standards, a voluntary rating program developed by the U.S. Green Building Council that provides third-party verification of green building.

About Hotel Development Partners

Hotel Development Partners (HDP) is an Atlanta-based joint venture partnership firm formed by Hotel Equities and IRE Capital for the purpose of acquiring and developing premier branded, select service hotels. Principals are Robert J. McCarthy, Allen T. O'Brien and Frederick W. Cerrone. For more information, visit www.hotelequities.com

About Hotel Equities

Hotel Equities (HE) is an Atlanta-based full-scale hotel ownership, management and development firm. Frederick W. Cerrone, CHA, serves as Chairman and CEO; Brad Rahinsky serves as President and COO. Hotel Equities presently has 100 owned and managed properties in its portfolio. For more information, visit www.hotelequities.com.

About Residence Inn by Marriott

With more than 650 properties in the United States, Canada, Europe, the Middle East and Central America, Residence Inn by Marriott is the leader in the extended-stay lodging segment. Designed for long stays, the brand offers spacious suites with separate living and sleeping areas. Fully functional kitchens, grocery delivery, 24-hour markets and complimentary breakfast help guests maintain a healthy balance while on the road. Complimentary Wi-Fi allows guests to stay connected to the home and office, while health and fitness options and inviting lobby spaces provide comfortable places to work and relax. Residence Inn participates in the company's award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the Residence Inn Miami Beach-Surfside directly at 305-514-3101 or visit www.marriott.com/miaxb, call the Residence Inn toll-free number at 800-331-3131 or visit residenceinn.marriott.com.

About Marriott International

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Contact:
Margaret M. Jones
Director of Public Relations
770.934.2170

Brad Rahinsky
President and Chief Operating Officer
678.578.4444, x 22

Joe Reardon
SVP of Marketing and Business Development
678.578.4444, x 23

Business Contact:

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