Briad Group Opens 120-unit, Homewood Suites by Hilton in Egg Harbor, NJ

. May 02, 2012

Livingston, New Jersey - May 1, 2012 - The Briad Group® based in Livingston, New Jersey recently opened a new four-story, 120-unit, Homewood Suites by Hilton® in Egg Harbor, New Jersey. This is yet another hotel from the crown jewel in The Briad Group's lodging division.

"Egg Harbor is a strong hotel market in need of additional upscale extended stay hotels like Homewood Suites and we are thrilled to be opening in the area," said Hotel General Manager Scott Mullins. "We are the ideal place for those travelers who are away from home or office for several days but still need to have all of the benefits, such as a full kitchen, executive business center and complimentary high-speed Internet access," Mullins said.

In addition to the Egg Harbor hotel, construction is scheduled to commence later this summer on two other hotels that will open in 2013: a 125-room Residence Inn® by Marriott on Long Island, New York and a 110-room Homewood Suites in Central Connecticut.

All 120 suites offer full state of the art kitchen facilities, featuring all stainless steel appliances and ceramic cook top stoves. The newly constructed hotel is owned by Briad Lodging Group Egg Harbor II, LLC. and managed by Briad Hospitality Management, LLC. of Livingston, NJ.

“With a long track record in hotel development, ownership and management, we believe we have a competitive edge in the hotel real estate niche market. We will keep our focus on premium-branded hotel products under such flags as Marriott and Hilton and concentrate our growth within the Northeast and Mid Atlantic areas,” said Steve Scharf, Vice President of Development & Asset Management for The Briad Group. "With financing and other economic issues, hotel development has slowed somewhat across the country, but we are still finding great locations," Scharf said.

About The Briad Group®
The Briad Group has been developing extended stay and select-service hotels across the Northeast and Mid-Atlantic states for over a decade. With a variety of 24 hotel products among the list and representing over $400 million of hotel real estate development, Briad has proven itself as a leader in the hotel and real estate marketplace. The company has developed properties under the Residence Inn®, Courtyard® and Spring Hill Suites® brands for Marriott; and the Homewood Suites and Hilton Garden Inn brands for Hilton®. Additionally, Briad is one of the fastest growing hospitality companies in the U.S. The Briad Group's entities are: licensed franchisees for Wendy's®, T.G.I. Friday's®, Corner Bakery Cafe, Marriott, Hilton and a licensee for Zinburger Wine & Burger Bar. The Briad Group also owns and operates CUPS Frozen Yogurt - That's Hot™, a self-serve frozen yogurt concept that is poised for explosive growth.

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