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Affiliates of Waterford Group, LLC, Slavik, Inc., and Glenn Jette
Building a 120 room Courtyard by Marriott in Stuart, Florida

Stuart, Florida (November 28, 2007) --- Stuart Lodgings, LLC, a Connecticut-based developer, recently broke ground on the new 120-room Courtyard by Marriott in Stuart, Florida. The hotel will be located at 7615 SW Lost River Road, with visibility from both Interstate 95 and Florida’s Turnpike. The 70,000 square foot, four-story hotel will include 120 guestrooms, outdoor swimming pool, fitness center, 24-hour access to food, hot breakfast buffet, lounge, and 1,200 square feet of meeting space. Slated to open in the fall of 2008, the hotel represents the next phase of the nearly 18-acre planned development, which already includes a Cracker Barrel, a McDonald’s and a gas station. 
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(L to R): Ron Ferschke, VP of Operations, Bayview Construction; John DelGrosso, Owner Representative, Waterford Group, Ken Ringe, President, Bayview Construction
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The new Stuart Courtyard is owned by a partnership of affiliates of Connecticut-based Waterford Group, LLC, Michigan-based Slavik, Inc., and Connecticut developer Glenn Jette. Collectively, the owners bring several decades of professional experience to the project, including hotel development and management, and construction expertise. 

Stuart-based Bayview Construction will serve as general contractor for the $8 million-plus construction project. Established in 1978, Bayview is a certified state-licensed general contractor. This contract marks the third hotel project on the Treasure Coast Bayview has been awarded this year. 

Waterford Hotel Group, Inc, with headquarters in Waterford, Connecticut, will professionally manage and operate the new hotel. Citizens Bank of Pennsylvania is providing construction and permanent financing for the project. 

“Our choice of a Stuart-based contractor was based on a desire to use a local company and on Bayview Construction’s hotel and substantial commercial portfolio. We look forward to working with the local community during construction and celebrating the grand opening of the Stuart Courtyard by Marriott next year,” said Mark Wolman, a member of Stuart Lodgings. 

About Stuart Lodgings, LLC 
Stuart Lodgings, LLC is a joint venture between affiliates of Connecticut-based Waterford Group, LLC, Michigan-based Slavik, Inc., and Connecticut developer Glenn Jette. Collectively, the owners bring several decades of professional hotel development experience to the project, with ownership in 20 hotels throughout the United States. For more information, visit www.waterfordgroup.net . 

About Courtyard by Marriott 
Courtyard by Marriott is the leading select-service hotel brand in the United States. Providing guests with a combination of casual comfort and time-saving services, Courtyard hotels feature large functional guest rooms and are conveniently situated where people travel. Courtyard guest rooms feature either a king-size bed or two queen-size beds, a seating area with sofa bed or oversized chair, a large, well-lit work desk and two telephones equipped with data ports. Other in-room amenities include free high-speed internet access, coffee maker, hair dryer, iron with ironing board, and cable television with a free premium movies channel. Designed by business travelers for business travelers, the Courtyard provides all of the essential services and amenities for guests to stay productive while on the road. 

About Waterford Hotel Group, Inc. 
Waterford Hotel Group, a national hotel management firm, will professionally manage the Stuart Courtyard by Marriott. Currently operating 26 properties in eight states, Waterford Hotel Group specializes in complete hotel management services and is experienced in hotel development from concept through opening. Additionally, the company is accomplished in property repositioning through refurbishments and franchise conversions. The company’s outstanding record of accomplishment is based on strategic growth, intimate knowledge of industry trends and providing value for customers and investors. For further information, contact Waterford Hotel Group, Inc., 914 Hartford Turnpike, P.O. Box 715, Waterford, CT 06385; telephone 860-442-4559, fax 860-437-7752 or visit the company’s website at www.waterfordgroup.net . 

About Bayview Construction Corporation 
Established in Stuart in 1978, Bayview is a certified state-licensed general contractor. Recently named Builder of the Year by the Treasure Coast Builders Association, Bayview also is an Authorized Builder for American Buildings Company, one of the world's largest manufacturers of metal building systems. For further information, contact Donna Dupuy, Marketing Director, Bayview Construction Corporation, 4826 S.E. Railway Avenue, Stuart, FL 34997; telephone (772) 283-9300, fax (772) 288-1337, or visit the company’s website at www.bayviewconstruction.com . 

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Contact:

Lisa Beers, VP Public Relations 
Waterford Group, LLC 
lbeers@waterfordgroup.net 
(860) 701-9621 
 

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Also See: Waterford Hotel Group Hosts 80 Managers from 27 Properties at its 17th Annual Leadership Conference; Duane Schroder Named General Manager of the Year / January 2007
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