News for the Hospitality Executive
(RESEARCH TRIANGLE PARK, NC) - April 5, 2012 - The Generation Companies, LLC (Generation), a real estate developer, owner, receiver, asset manager and operator of extended-stay and select-service hotels, recently won the Development Deal of the Year Award from hospitality giant Hilton Worldwide. The national award honors Generation’s Home2 Suites at Charleston Airport/Convention Center in North Charleston, South Carolina as the best development of the Home2 Suites by Hilton brand last year. Generation was the turnkey developer for the project, handling the site identification and acquisition, design, entitlements, construction, purchasing and opening of the hotel, which was then sold to one of the industry’s top institutional owners. This was Generation's second consecutive award, after receiving an identical award in 2010 for development of its Homewood Suites in Wilmington, N. C.
Hilton lauded the speedy construction and quality of the project which was delivered on budget ahead of schedule. Generation went from breaking ground on the new hotel site on March 3, 2011 to welcoming guests on November 10th, 2011, making the North Charleston property the fastest Home2 Suites ever built: a record seven-and-a-half months for a process that typically takes a year. The award was presented at Generation’s annual investor’s meeting on February 9, 2012. " I know we have a great development team, but it is especially rewarding to see our team recognized by Hilton Worldwide given they work with experienced developers every day. We’re looking forward to partnering with Hilton on our next Home2 Suites, scheduled to break ground next quarter,” stated H. Mark Daley, III.
The Generation Companies, LLC (Generation) recently won the Development Deal of the Year Award from hospitality giant Hilton Worldwide. The national award honors Generation’s Home2 Suites at Charleston Airport/Convention Center in North Charleston, South Carolina as the best development of the Home2 Suites by Hilton brand last year. (Left to right) H. Mark Daley, III, President, The Generation Companies, LLC; William F. Smith, Managing Director, Real Estate & Construction-The Generation Companies, LLC; Stephen H. Crabill, Vice-President and Managing Director Franchise Development-Southeast Region, Hilton Worldwide; Gary Finnell, Senior Director Franchise Development- Southeast Region, Hilton Worldwide; and Jeffrey P. Castleberry, Director, Acquisitions & Development, The Generation Companies, LLC.
The Home2 Suites by Hilton Charleston Airport/Convention Center is an upper mid-tier, 122-room extended-stay hotel with a “hip and humble” design and decor. According to William F. Smith, Generation’s Managing Director, Real Estate & Construction, the project was a success from day one. "We appreciate the support of the City of North Charleston and Hilton Worldwide for their cooperation and professionalism in helping us fast-track and develop this project–from design to permitting to inspections, the responsiveness of the support personnel was excellent,” Smith said. “We’re also grateful for the outstanding expertise of Tri Construction Associates, Inc., the project design-build contractor. Generation is an award-winning developer of Hilton hotels. This hotel was developed in that same manner.”
About The Generation Companies
The Generation Companies is a Research Triangle Park, North Carolina-based real estate developer, asset manager and operator of extended-stay hotels in North Carolina, South Carolina, Virginia, Florida, Georgia, Kentucky, Texas and Tennessee. Generation has more than 3,100 rooms and 300 team members at 27 properties, with more hotels coming soon. Generation is actively pursuing merchant development and management opportunities with multiple institutional owners in the extended-stay and select-service segment. For more about Generation, visit www.generationcompanies.com.
William F. Smith
The Generation Companies, LLC
Suites By Hilton® and The Generation Companies to Build 122-room
North Charleston Home2 Suites in North Charleston, South Carolina /