BK-Investments & Waterford Hotel Group Open Residence Inn by Marriott at Chicopee Crossing in MA

. October 15, 2013

CHICOPEE, MA - October 15, 2013 - A ribbon cutting ceremony was held recently to mark the opening of the new Residence Inn by Marriott in Chicopee. A distinguished group of dignitaries, including State Senator James Welch and State Representative Michael Finn, joined hotel ownership and Waterford Hotel Group representatives at the ceremony to officially introduce the new hotel. Located at 500 Memorial Drive, the hotel is owned by BK-Investments, will operate as a Marriott franchise, and will be managed by Waterford Hotel Group of Waterford, Connecticut.

"We are thrilled to introduce to the community the highly anticipated Residence Inn by Marriott at Chicopee Crossing," said Dennis Patel, CEO of BK-Investments. "We look forward to welcoming guests to our home away from home, providing beautiful accommodations, exemplary service, and the modern amenities that today's traveler expects."

The Opechee Construction Corporation of Belmont, NH served as contractor and architect for the hotel. PeoplesBank of Holyoke is serving as the lead lender for the hotel project. Additionally, Granite State Development Corp was the Certified Development Company used to secure Small Business Administration financing for the project. The new hotel will employ approximately 45 full and part time associates.

"Congratulations to BK-Investments and the entire team here at the Residence Inn Chicopee," said Len Wolman, Chairman of Waterford Hotel Group. "Waterford Hotel Group is proud to be working with you at this beautiful hotel to ensure that each guests' stay is a memorable one."

Designed to attract extended stay business travelers and corporate and leisure travelers, the Residence Inn Chicopee will offer guests exceptional long-term stays in a comfortable environment. The hotel includes 115 suites, including one and two bedroom suites, all with comfortable and multi-functional living areas. Each suite at the Residence Inn Chicopee will feature a fully-equipped kitchen with full-sized refrigerator, stove, microwave and coffee maker. The hotel also provides guests with free hot daily breakfast and high-speed Internet access in all suites and lobbies. The Residence Inn Chicopee also offers such amenities as an indoor pool, exercise facilities and business center, as well as private meeting space for events and family gatherings.

About Waterford Hotel Group

Waterford Hotel Group is one of the nation's leading hotel and convention center management companies. The company operates 29 properties in 8 states, representing more than 3,500 total rooms. The collective expertise of the team and track record of success has earned Waterford the distinction as an approved operator for the leading hotel brands. Whether the involvement begins at conception or during operation, Waterford Hotel Group strives for successful performance and profitability of each managed property, while maintaining the highest standards of quality, service, and cleanliness. For more information, visit www.waterfordhotelgroup.com.

About BK-Investments

BK-Investments was formed in 2007 by Dennis and Hershal Patel and is primarily a real estate holding company. They specialize in hotels and currently own a portfolio of four hotels with nearly 400 rooms , including the Holiday Inn Express in Brattleboro Vermont, The Hampton Inn in Chicopee, the Days Inn in Chicopee, and the new Marriott Residence in Chicopee. BK-Investments employs more than 100 in the City of Chicopee.

About Residence Inn by Marriott

With more than 600 properties in the United States, Canada, Europe, the Middle East and Central America, Residence Inn by Marriott is a 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 Springfield/Chicopee directly at 413-331-4440, call the Residence Inn toll-free number at 800-331-3131 or visit www.residenceinn.com. For travel tips, the latest on the brand or to connect with other travelers, "like" Residence Inn on Facebook: www.facebook.com/residenceinn and follow Residence Inn on Twitter: twitter.com/residenceinn.

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