Courtyard by Marriott Houston Springwoods Village Celebrates Grand Opening and Ribbon-Cutting

. December 13, 2016

SPRING, TX. December 13, 2016 — Woodbine Development Corporation and InterMountain Management hosted the grand opening and ribbon cutting of the new 125-room Courtyard by Marriott in Spring, Texas on Thursday, December 9. The hotel, which opened for business in late July, sits inside Springwoods Village, an 1,800-acre master-planned community just south of The Woodlands and 20 miles north of downtown Houston.

About 175 people attended grand-opening and ribbon-cutting festivities featuring remarks, live music, refreshments and bites from the hotel's Bistro and Bar. Attendees for the event included The Woodlands Chamber of Commerce, local business professionals, hotel staff and leadership from both Woodbine and InterMountain, which developed and share ownership of the property.

“Hospitality and tourism are integral for thoughtfully designed communities like Springwoods Village, and this grand opening and ribbon cutting gives us the opportunity to take a moment to celebrate this hotel coming to life and the destination it offers visitors and locals alike,” said King Scovell, managing partner and chief development officer for Woodbine, which also developed the neighboring Residence Inn Houston Springwoods Village in CityPlace, an extended-stay property.

The Courtyard is a convenient location for ExxonMobil, Southwestern Energy, Deloitte, Accenture and CHI St. Luke's hospital travelers alike. The hotel's tech-enabled rooms provide the necessary amenities for the corporate traveler to get work done, and the hybrid design offers a seamless transition from work to relaxation. The modern lobby provides ample space to relax and socialize in a visually stimulating atmosphere and includes media pods, complimentary Wi-Fi and a variety of seating zones. The hotel's Bistro and Bar is the first restaurant in Springwoods Village. It is open for breakfast and dinner and offers a full bar in the evening. The four-story hotel also features a heated outdoor saline pool, fitness center and 1,000 square feet of meeting space to accommodate functions of up to 45 people.

“This beautifully designed Courtyard is a wonderful asset for our rapidly growing Springwoods Village area,” said Steven Terrebone, regional director of operations for InterMountain. “We've received a warm welcome from the community, and it's been our pleasure to extend that same warm welcome to every guest who visits our hotel.”

Springwoods Village is a $10 billion, 1,800-acre sustainable master-planned community coming to life in Spring, Texas, just south of The Woodlands and 20 miles north of downtown Houston. Located at the confluence of I-45, the Hardy Toll Road, and the Grand Parkway, the nature-inspired residential and commercial community will provide diverse housing options, civic facilities, outdoor recreation and the 60-acre CityPlace with office space, shopping, dining and lodging in an urban, walkable environment.

“Thanks to the ExxonMobil campus, Southwestern Energy's headquarters and CHI St. Luke's hospital, Springwoods Village has become a significant employment center in north Harris County, stimulating a new hotel submarket in the area,” said Keith Simon, executive vice president of CDC Houston. “Courtyard by Marriott is the second hotel in our community, reflecting our strategy of providing a range of hotel properties at different price points and with different levels of service, all within walking distance to work, dining, retail and recreation facilities.”

ABOUT WOODBINE DEVELOPMENT CORPORATION

Woodbine Development Corporation is a full-service real estate company with over 40 years of development, investment, acquisition and asset management experience. With offices in Dallas, Phoenix and Los Angeles, Woodbine specializes in hotels, resorts and mixed-use developments throughout the United States. The company's hospitality portfolio features major brands, independent hotels, full-service destinations and select-service stays alike. Since 1973, Woodbine has been involved in more than $7 billion in commercial real estate projects, including the development, ownership, asset management, repositioning and renovation of over 7,000 hotel rooms. To learn more, visit www.woodbinedevelopment.com.

ABOUT INTERMOUNTAIN

As one of North America's largest hotel management and development companies, InterMountain Management specializes in the select-service and extended-stay hotel segments. For over 30 years, InterMountain Management's dedication to success is proven in the results as a hotel owner, management company and hotel developer. They currently own and/or manage approximately 60 premium branded hotels nationwide, with an additional 30 in their pipeline. For more information or to view hotel locations across the U.S., visit their website at www.intermountainhotels.com.

ABOUT COURTYARD BY MARRIOTT

The Courtyard by Marriott brand features hotels with a refreshing environment that helps guests stay connected, productive and balanced while traveling. Intuitive services and design accommodate guests' desire for choice and control and allow them to use the public space and guest rooms to meet all of their needs while on the road. With more than 1,000 locations in more than 40 countries, Courtyard has more locations than any other Marriott International brand. For more information and reservations, visit www.marriott.com/hotels/travel/houxp.

ABOUT CDC HOUSTON

CDC Houston, Inc. (a subsidiary of Coventry Development Corporation (New York)) is an experienced land developer with expertise in creating mixed-use urban communities that foster smart and responsible growth for commercial and residential vitality. Coventry has provided development services for mixed-use projects in New York, Colorado, Texas and Guam over its 45-year history. In 2001, the company launched RidgeGate, also a sustainable, mixed-use community, in Lone Tree, Colorado, which consists of 3,500 acres. For information on CDC Houston, Inc.'s largest project, Springwoods Village, please visit: www.springwoodsvillage.com and connect on Facebook and Twitter.

Business Contact:

Amanda Fier
T: 512.643.2172
E: [email protected]

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