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Konover Hotel Corporation and Waterford Group Announce Plans for Extensive Hotel Renovations
at the Sheraton Hotel at Bradley International Airport in Windsor Locks, CT
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Waterford Hotel Group Assumes Management of 237-Room Airport Location
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West Hartford, CT and Waterford, CT (May 6, 2008) --- Konover Hotel Corporation and Waterford Group today announced that they have partnered on the Sheraton Hotel at Bradley International Airport in Windsor Locks, CT.   Hotel ownership, R.K. Bradley Associates, LP, is a partnership between affiliates of Konover and Waterford.  Substantial renovations are planned for the Sheraton hotel, including an exterior facelift, renovations to the lobby, reception area, pool and fitness area, ballrooms, food and beverage outlets, garage, club lounge and refurbishment to all 237 guest rooms.  The hotel will remain open during renovations, which is targeted for completion in 2009.  The hotels asset manager will be Konover Hotel Corporation and the operations manager will be Waterford Hotel Group, both national hotel companies.
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The Sheraton Hotel at Bradley International Airport - New England's Second Largest
Airport - will undergo extensive renovations, including an exterior facelift.
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The Sheraton Hotel at Bradley International Airport was developed and constructed by Konover Hotel Corporation in 1987 and has been professionally managed by Konover Hotel Corporation ever since.  The 237-room full-service hotel is the only hotel located within the airport complex. An elevator from the indoor, underground 300-car parking garage provides direct access to the hotel and Bradley International Airport terminals.  On-site amenities of the 10-story hotel include a Concierge Floor and lounge, an indoor swimming pool and complete exercise facility, high speed Internet access, fifteen meeting rooms, a full-service restaurant, lounge, Starbucks Cafe and grand ballroom to accommodate meeting and banquet functions up to 400 people.  The hotel offers several unique packages, including a stay, park, and fly package.  The Sheraton Hotel at Bradley International Airport has maintained its high rating by being a Sheraton Select Hotel for overall guest satisfaction and Starwood Best in Class for all North American Sheraton Airport Hotels. It consistently ranks in the top 10% in its division for customer service.   

With the continual improvements at the airport, we are always looking for ways to improve the Sheraton Bradley, commented Simon Konover, Chairman of Konover Properties Corporation.  Waterfords presence in Connecticut and their proven track record for success makes them the right partner.  We share the same desire in ensuring that the Sheraton Bradley remains a premier airport hotel location, added Konover.

We have enjoyed a longstanding relationship with Simon Konover and have had a tremendous amount of respect for the accomplishments of his entire team, commented Len Wolman, Chairman of Waterford Group.  We are proud to partner with the Konover team and we look forward to working with the associates at the Sheraton Bradley, added Wolman.

About Konover Hotel Corporation
Headquartered in West Hartford, Connecticut, Konover Hotel Corporation acquires, develops and manages hotels and hospitality properties throughout the United States for affiliated and third party owners. Its mixed portfolio includes 20 franchised and independent select and full service hotels and exposition facilities. Konover Hotel Corporation is a division of Konover Properties Corporation and a member of the Simon Konover Companies.  Konover Properties Corporation operates throughout the United States. Konover Properties develops, builds, acquires, manages, and owns real estate across many market segments, including hotels, residential, office and commercial, retail, mixed use, and specialty properties.  For further information, visit the companys website at www.konoverproperties.com.

About Waterford Group
Since 1986, Waterford Group has been involved in developing and operating projects totaling more than $2 billion.  Today, Waterford Group, LLC is a leader in the hospitality and gaming industry.  Waterford Hotel Group, a subsidiary of Waterford Group, is a national hotel management firm specializing in complete hotel management services.  Waterford Hotel Group is accomplished in property repositioning through refurbishments and franchise conversions. The companys outstanding record of accomplishment is based on strategic growth, intimate knowledge of industry trends and providing value for customers and investors. For further information, visit the companys website at www.waterfordgroup.net.

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Contact:

Lisa M. Beers
Waterford Group, LLC
(860) 701-9621

Peter H. Mason, CHA
Executive Vice President
Konover Hotel Corporation
(860) 570-2000
 

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Also See: Konover Hotel Corporation Solidifies its Position in the Midwest; Completes Multi-million dollar Renovations at Eleven Hotels / March 2008
Geoff Stewart Named General Manager of the Sheraton Bradley Hotel in Windsor Locks, Connecticut / April 2006
Waterford Hotel Group, Inc. Appointed as Manager of the Doubletree Hotel Bradley International Airport / November 2005
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