News for the Hospitality Executive |
September 21, 2012 - RESEARCH
TRIANGLE PARK, NC - RTP’s The Generation Companies, LLC
(Generation), a real
estate developer, owner, receiver, asset manager and operator of
extended-stay
and select- service
hotels, recently topped out their Augusta, Georgia
Home2 Suites by Hilton. The top-out ceremony, celebrating the
completion of all
external construction of the hotel, was Wednesday, September 5 at the
property,
located at Walton Way Extension and
Exchange Lane.
Attending the Augusta, GA Home2 Suites top-out ceremony were (left to right) H. Mark Daley, III, President, The Generation Companies; William F. Smith, Managing Director, The Generation Companies; Phil Brigham, Client Manager, Savannah River Banking Company; Neil Luton, President, Tri Construction Associates, Inc.; Brian Smith, Vice President, Tri Construction Associates, Inc.; Gary Finnell--Senior Director, Franchise Development, Hilton Worldwide; Jeff Castleberry, Director Acquisitions, The Generation Companies; Philip R. Wahl II, Augusta Market President, Savannah River Banking Company; Paul S. Simon, Chairman, Savannah River Banking Company; Tom Ritter, President, Ritter Architecture; Stephen Crabill, VP & Managing Director, Franchise Development, Hilton Worldwide; Steve Collins , Blanchard & Calhoun Commercial; David J. Hogg, Director of Business Development, Savannah River Banking Company; David Rivers, Blanchard & Calhoun Commercial; David D. Banks, Engineer, Southern Partners, Inc. and Jeff P. Spears, President, Savannah River Banking Company. “All of us at The Generation Companies are excited to be bringing the most progressive product concept in extended-stay lodging to the greater Augusta area ,” said Generation President, H. Mark Daley, III. “Add to that our award-winning hotel operations team and the product-service combination is going to make a lot of visitors to the Augusta market, whether leisure or corporate, quite pleased. And having this hotel open in time for the 2013 Masters is going to be great.” "After receiving our building permit on June 22, we completed the topping out in just 54 days, despite extensive rain,”said William Smith, Managing Director, Real Estate & Construction at Generation. “At this pace, the building should be completed and receive the certificate of occupancy in slightly over seven months. It takes an extensive amount of planning and coordination to develop and construct this quickly and still deliver a superior product that will meet or exceed all building codes and Hilton standards. The hotel is at the intersection of I-520 and I-20 on a hill overlooking the Augusta Exchange, an 87-acre regional power center with extensive shopping and restaurant facilities. The Augusta mall is one-quarter of a mile away and the Augusta National Golf Course is just three miles away.” The 123-suite, four-story, upper mid-tier hotel brand brings a hip and humble design to its target audience: the savvy and sophisticated yet value-conscious extended-stay guest. Generation is the developer for the project, handling the site identification and acquisition, design, entitlements, construction, purchasing and opening of the hotel. With 10 open, 10 under construction and 51 more planned, Home2 is the fastest growing brand in Hilton Worldwide history. The hotel is owned by Generation Suites of Augusta, LLC and will be managed by The Generation Companies. Guests of the new property will enjoy attractive suites outfitted with 42" flat screen televisions, refrigerator, microwave, dishwasher and comfortable, flexible living space that can be customized for eating, working or relaxing. Guest amenities will include the Home2 Market for grab-and-go convenience foods and products, a combined laundry and fitness area, a 24-hour business center with complimentary wireless printing, exterior pool and grilling area and expansive outdoor community spaces including a putting green. The hotel will utilize environmentally-friendly products and practices, including recycling bins throughout the property and bulk-purchased guest room supplies. To learn more about the hotel, go to www.generationcompanies.com or www.news.home2suites.com. The
Generation Companies is a
Research Triangle Park, North Carolina-based real estate developer,
owner, receiver,
asset manager and operator of extended-stay hotels in North Carolina,
South
Carolina, Virginia, Florida, Georgia, Texas and Tennessee.
Generation has more than 3,000 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.
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Contact: William Smith Managing Director Real Estate & Construction The Generation Companies, LLC 919.313.7231 [email protected] |