{HBR_LEAD_468x60.media}

Business & Finance

Hotel Equities to Manage Courtyard North Brunswick and Spring Hill Suites Woodbridge in New Jersey

ATLANTA, GA. November 6, 2017 – Atlanta-based Hotel Equities has been selected to manage two Marriott hotels in New Jersey, the Courtyard by Marriott in North Brunswick and the SpringHill Suites by Marriott in Woodbridge. The hotels compliment the firm’s strategic growth plans in the northeast corridor.

Owned by Main Street Hotel, LLC, the 124-room Courtyard North Brunswick is under construction less than 30 miles from Newark, NJ and Newark International Airport (EWR). The hotel expects to open in early 2018. The SpringHill Suites by Marriott Woodbridge expects to break ground in early 2018.

“Adding additional properties in the northeast is a strategic initiative for Hotel Equities,” said Joe Reardon, SVP of Business Development and Marketing. “The North Brunswick property enjoys a location that is convenient to local amenities and businesses as well as to multiple transportation options that will take our guests directly into the city.”

Conveniently situated less than five miles from Rutgers University, the state university of New Jersey in New Brunswick, the Courtyard by Marriott North Brunswick is very close to Rutgers Gardens, a favorite 60-acre spot featuring plant collections and walking trails that are open year-round to the public.

“We are proud to open the first Marriott modular hotel in New Jersey,” said Sunil Nayak, Main Street Hotel, LLC. “It is unique in terms of location, the kind of construction and style. In North Brunswick, this hotel’s location offers all the amenities within walking distance: restaurants and bars, the train station, supermarkets and theatres. In addition, I am excited to be with such a great management company as Hotel Equities for both spectacular Marriott projects.”

The Courtyard hotel includes meeting space for weddings, receptions and business meetings. The functional space is complemented by the business center, the indoor pool and the well-appointed 24-hour fitness center. The hotel’s Bistro serves breakfast, Starbucks® beverages and evening libations.

About Hotel Equities

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.

Contact:
Margaret M. Jones
770.934.2170

Coming Up In The December Online Hotel Business Review




{300x250.media}
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.