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The Briad Group Opens 100-unit, Residence Inn
by Marriott in Neptune, New Jersey
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Livingston, New Jersey March 1, 2007 -- The Briad Group of Livingston, New Jersey has opened a new four-story, 100-unit, Residence Inn by Marriott in Neptune at Gateway Centre, New Jersey. All 100 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 Neptune, LLC and managed by Briad Hospitality Management, LLC of Livingston, NJ. 

Located off exit 100A of the Garden State Parkway and 44 miles from Newark Liberty International Airport, the Residence Inn Neptune at Gateway Centre offers its guests convenient access to the Jersey Shore Beaches, Six Flags Great Adventure and Monmouth Park Race Track the home of the 2007 Breeders Cup.  

"Neptune is a strong hotel market in need of additional upscale extended stay hotels like Residence Inn and we are thrilled to be opening in the area," said Hotel General Manager Tom Martucci. "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," Martucci said.  In addition to the Neptune hotel, construction is nearing completion on two other hotels, scheduled to open in 2007: a 108-room Residence Inn in Mt. Laurel, NJ and 113-room Courtyard by Marriott in Wall Township, NJ. 

In addition to developing and owning franchises under long-term agreements with Hilton and Marriott, The Briad Group has the ability to manage properties under its hotel management subsidiary Briad Hospitality Management, L.L.C. "Our Hotel Division is a key element of Briad's continued success and growth. We value the strong relationships we have with these two great companies," said Brad Honigfeld, Chairman and CEO of The Briad Group.

The Briad Group has been developing extended- and limited-stay hotels across the Northeast and Mid-Atlantic states for the past seven years, with fourteen hotels developed from the ground up. 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. 

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Contact:

Steve Scharf 
Director of Development & Asset Management 
The Briad Group, 
78 Okner Parkway, Livingston, NJ 07039, 
Phone: 973-597-6433 
sscharf@briad.com 
www.briad.com

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Also See: The Briad Group Set to Open 113-unit, Homewood Suites by Hilton (R) in Bethlehem, Pennsylvania / November 2006
The Briad Group Planning Twelve Extended and Limited-stay Hotels in the Northeast / September 2005
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