Florham Park, NJ, January 13 , 2003 -- The Briad Group, one of
the Northeast's leading hotel developers, is pleased to announce that it
will be adding the Hilton brand to its growing hotel portfolio in 2003.
| Briad currently has two properties
slated to open this year. The 125-room Courtyard by Marriott in Lebanon,
NJ is under construction and will open during the second quarter of the
year. Briad's first Hilton hotel, the 140-room Hilton Garden Inn in Westbury,
NY, is scheduled to open in the latter part of 2003.
Last year, there was a major expansion in Briad's hotel division. In
April, Briad opened the Residence Inn by Marriott in Hauppauge, NY, a 100-room
all-suite hotel. The 108-room Residence Inn in Somerset, NJ followed in
September, and in October Briad opened two additional Marriott hotels,
a 108-room Residence Inn |
.
The Briad Group consists of three major divisions: quick service, casual
dining and lodging. Briad Lodging manages, owns and operates hotels under
the Marriott franchise.
The 90-room Courtyard in Manchester, CT was the first Briad-owned hotel,
which opened in February 1999. |
|
in Cranbury, NJ and a 106-room Spring Hill Suites in Danbury, CT.
These developments and the firm's growth are the fruit of a more than
three-year effort spearheaded by Steve Scharf, Briad's Director of Development
& Asset Management.
"Briad seeks to develop lodging properties in the tri-state area of
New York, New Jersey, and Connecticut where we see opportunity," said Scharf.
We can build 4 to 6 hotels per year in this geographic area within the
upper-end, extended-stay segment," he added.
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