| June 5, 2006 - Tandy O. Lofland, president of the Intergroup
Companies, announced the recent completion of his firm�s latest assignment
� arranging equity and management for the 159-unit Sheraton prototype to
be developed at a prime location in south Jacksonville, FL. To be
owned and developed by a venture including Deerfield Hospitality Properties,
LLC and Driftwood Hospitality Management, the 5-story hotel will be among
the first of a new generation of Sheratons with newly designed rooms, commercial
areas, and technologies.
Features will include a Shula�s 347 steakhouse and three thousand square feet of flexible meeting space. Along with the hotel�s many corporate and institutional demand generators, the Sheraton will be the closest full-service hotel to the Mayo Clinic and the rapidly expanding University of North Florida.
Intergroup�s properties and projects number almost 100 with a total value of well over $1 billion. |
