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Business & Finance

Hotel Equities to Manage New State-of-the-Art Residence Inn Atlanta Perimeter Center Dunwoody, Developed by Hotel Development Partners

ATLANTA, GA. September 6, 2017 - Joe Fallis serves as the General Manager and Susan Zuppardo is the Director of Sales. Hotel Development Partners also owns the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody and the Fairfield Inn & Suites Perimeter Center. Both are also managed by Hotel Equities.

“We are proud to manage this beautiful new hotel, our second Marriott and third hotel in this high-demand Atlanta market that includes our firm’s corporate office,” said Fred Cerrone, Founder & Chairman of Hotel Equities and COO of Hotel Development Partners. “Our award-winning guest service and management expertise will ensure the property’s success for our ownership group, Hotel Development Partners.”

Located at 4695 Ashford Dunwoody Road, the all-suite property stands just 10 miles from SunTrust Park, the new Atlanta Braves stadium, and only 10 miles from downtown Atlanta and Mercedes Benz Stadium, home of the Atlanta Falcons and Atlanta United. The area boasts premier shopping at Perimeter Mall and a wide variety of dining options from upscale steak houses to popular quick-serve restaurants.

“Hotel Development Partners is very pleased to have completed its most recent hotel in the heart of the Atlanta Perimeter,” said Allen O’Brien, CEO of Hotel Development Partners. “This hotel elevates the Residence Inn brand, with above standard finishes and the largest and best-equipped hotel fitness center in the market. The business and leisure traveler will receive tremendous value from the finest extended stay hotel in the area.”

Accommodations include studio, one- and two-bedroom suites, each outfitted with a large, well-lit work desk, ergonomic chair and complimentary high-speed Internet access. Each suite features a fully-equipped kitchen with a coffeemaker, microwave oven and residential-sized appliances.

The hotel offers 580 sq. ft. of meeting space for up to 50 people. Amenities include complimentary Wi-Fi, a 24-hour food and beverage market, dry cleaning services and a guest laundry. A free, hot breakfast is available daily, along with grocery delivery service.

Caption: Residence Inn Atlanta Perimeter Center Dunwoody

Hotel Equities (HE) is an Atlanta-based full-service hotel ownership, management and development firm operating more than 100 hotels throughout North America. Frederick W. Cerrone, CHA, serves as Founder and Chairman. Brad Rahinsky serves as President and Chief Executive Officer. For more information, visit www.hotelequities.com.

Hotel Development Partners, LLC (HDP) is an Atlanta-based joint venture formed by Hotel Equities and IRE Capital for acquiring and developing premier-branded 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. HDP owns thirteen open and operating hotels. Key properties include the 175-room Residence Inn Miami Beach Surfside, FL; the 132-room Hampton Inn & Suites Atlanta Perimeter Dunwoody, GA; the 102-room Fairfield Inn & Suites Charleston North, SC and the 127-room Residence Inn Atlanta Perimeter Center, GA.

Contacts:
Margaret M. Jones
Director of Public Relations
Hotel Equities
770.934.2170

Joe Reardon
SVP of Business Development and Marketing
Hotel Equities
678.578.4444, x23

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.