News for the Hospitality Executive
Affiliates of Waterford Group, LLC, Slavik, Inc., and
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.
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
About Courtyard by Marriott
About Waterford Hotel Group, Inc.
About Bayview Construction Corporation
Lisa Beers, VP Public Relations
|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|