News for the Hospitality Executive
and Sage Hospitality Sign Development Deal for
BOSTON - (Jan. 19, 2012) –Sage Hospitality and The Lightstone Group are pleased to announce the signing of a franchise license agreement with Hilton Worldwide for a new DoubleTree by Hilton hotel location in Danvers, Mass. Currently the CoCo Key Hotel & Water Resort – Boston, the property will become the DoubleTree by Hilton Boston-North Shore in late summer 2012, following more than $10 million in renovations.
The hotelwide renovation will include design and service upgrades throughout the hotel’s 366 guest rooms and suites, as well as extensive improvements to the 30,000 square feet of meeting space and public spaces.
The DoubleTree by Hilton Boston-North Shore — which will be the seventh DoubleTree by Hilton property in Massachusetts — will cater to large conventions, weddings and business meetings with more than 30,000 square feet of flexible meeting space. The hotel’s 10,000 square foot Grand Ballroom — the largest ballroom outside of downtown Boston — is able to accommodate up to 1,400 people.
“We are thrilled that this property will be joining the DoubleTree by Hilton portfolio,” said Jim Darter, Senior Vice President of Sage Hospitality’s Full Service Hotels Division. “Now, on top of a convenient location, amazing meeting and event space and the latest in technology offerings, our guests will also have access to the highly popular Hilton HHonors® guest loyalty program.”
Located just 19 miles north of downtown Boston in Danvers, Mass., this North Shore hotel is conveniently located close to prominent New England historic sites, popular beaches, golf courses and other entertainment venues. Other amenities include the Tradewinds Restaurant, an oversized fitness center offering an extensive group exercise class schedule and a full-service spa and salon. The hotel’s adjacent 65,000 square foot indoor water park provides a fun getaway for families.
“This hotel has long had strong ties to the local North Shore community,” said David Lichtenstein, chairman of the Lightstone Group. “We are confident that our loyal guests will be very impressed by this new hotel development with DoubleTree by Hilton and the extensive upgrades planned for the property.”
DoubleTree by Hilton Boston-North Shore guests will benefit from the characteristic qualities found at the brand’s more than 280 locations in 23 countries around the world, including the warm welcome of the brand’s legendary chocolate chip cookie presented to every guest at check-in; an array of upscale amenities and guest services; the rewards of the Hilton HHonors guest loyalty program; and a unique and caring team member commitment to the local community.
“The DoubleTree by Hilton Boston-North Shore will be an ideal addition to our fast-growing portfolio of more than 280 upscale hotels in a variety of urban, airport and getaway destinations across the globe,” said Rob Palleschi, global head, DoubleTree by Hilton. “We are delighted to work together with an amazing group of owners, management and team members who represent this outstanding hotel in the North Shore area of Greater Boston.”
The Lightstone Group is one of the largest privately held real estate companies in the United States, with a diversified portfolio of industrial, office, retail, hospitality and residential real estate assets. The company manages its business through operating platforms, each focused on a specific real estate asset class.
The DoubleTree by Hilton Boston North Shore is one of five hospitality acquisitions made by The Lightstone Group since 2007, as the company continues to strengthen its position in the hospitality sector. The Lightstone Group also owns the senior mortgage position secured by a 151-room Marriott Courtyard hotel in Parsippany, N.J.; the senior mortgage position secured by the Holiday Inn Express Hotel & Suites Tower Center in East Brunswick, N.J.; the senior mortgage position secured by the 141-room Fairfield Inn in East Rutherford, N.J.; and the 125-room TownePlace Suites by Marriott in Metairie, La.
Sage Hospitality is one of the nation’s largest privately held hotel management and ownership companies, operating more than 60 properties in 26 states, ranging from full-service urban luxury hotels to select-service suburban properties. Sage currently manages a broad portfolio of well-known brands such as JW Marriott, Renaissance, Westin, Hilton and TownePlace Suites by Marriott.
For more information on Sage Hospitality, please visit www.sagehospitality.com
For more information on the Lightstone Group, please visit www.lightstonegroup.com.
For more information on DoubleTree by Hilton, please visit www.doubletree.com.
About DoubleTree by Hilton Hotels
With a fast-growing global collection of contemporary, upscale hotels in more than 280 gateway cities, metropolitan areas and vacation destinations across five continents, every little thing we do at DoubleTree by Hilton inspires us to create a rewarding experience for our hotel guests, our team members and the communities we proudly serve. Our hospitality begins with a warm chocolate chip cookie welcome upon arrival and continues with the award-winning Hilton HHonors® guest loyalty program, an array of fine services and amenities and our longstanding CARE Culture tradition that empowers more than 60,000 team members to provide the special comforts and acts of kindness that make the traveler feel human again. To make reservations at any DoubleTree by Hilton hotel, travelers may visit our brand website at www.doubletree.com. Social media users may connect with us at www.facebook.com/doubletree, www.twitter.com/doubletree and www.youtube.com/doubletreehotels.
About The Lightstone Group
Founded in 1988 by David Lichtenstein, The Lightstone Group has grown to become one of the largest privately held real estate companies in the United States. Its diversified portfolio of industrial, office, retail and residential real estate assets includes 10 million square feet of commercial space and more than 8,000 multifamily units in 20 states and Puerto Rico. The Lightstone Group manages its business through operating platforms, each focused on a specific real estate asset class. Headquartered in New York, The Lightstone Group employs more than 500 professionals. For more information, visit www.lightstonegroup.com.
The Lightstone Group
DoubleTree by Hilton Brand Public Relations
Group Acquires the 151-room Marriott Courtyard in Parsippany, New
Jersey for $9.3 million / November 2011
Massachusetts Hotel, Known Currently as CoCo Key, Once Again Seeking
New Identity / July 2011
Group Acquires the 366-room Crowne Plaza Hotel and CoCo Key Water
Resort in Danvers, Massachusetts at Auction with Bid of $10.1 million
/ March 2011
Common Ground, a Denver Nonprofit, Honors Sage Hospitality CEO Walter
Isenberg for Creating a Culture of Philanthropy at Sage; Isenberg Named
as 2011 Circles of Change Honoree / November 2011
Hospitality Appoints Al Whitehouse as Vice President of Acquisitions
and Business Development / October 2011
Hospitality & Optima Ventures Partner to Purchase the Crowne Plaza
Cleveland City Centre Hotel in Ohio with Plans to Launch a $64 Million
Renovation and Re-flagging as the 481-room Westin / October 2011
Hospitality Names Rebecca Kendig Director of Sales & Marketing of
il Lugano in Ft. Lauderdale, Florida / October 2011
Hospitality to Manage the 200-room Holiday Inn Missoula Downtown in
Montana Owned by J. Herzog & Sons / September 2011
Hospitality Grows Premier & Lifestyle Division with Addition of
Hotel Ivy in Minneapolis, Minnesota and il Lugano in Ft. Lauderdale,
Florida / September 2011
Hospitality Appoints Michael Hatzfeld as General Manager of Il Lugano
in Ft. Lauderdale, Florida / August 2011
Hospitality Appoints Sora Chan as Director of Sales for the 155-room
Baronette Renaissance Detroit-Novi in Michigan / July 2011
Hospitality Appoints Harris White as Chief Financial Officer / July
Hospitality Recognizes Top Performers Including Awarding Fred Traverny
as Associate of the Year and the Residence Inn - Denver City Center as
their Hotel of the Year / April 2011
Hospitality and Metropolitan State College of Denver Launch Hotel and
Hospitality Learning Center / January 2011
Doubletree Hotel Atlanta NE/Northlake Names Camille Johnson as Catering
Manager / January 2011
Hospitality Names Matthew Sparks as Senior Vice President of
Acquisitions and Business Development / December 2010
Hospitality Names Dean Gress as Executive Chef & Matthew Rosenberg
as Front Office Manager for The Renaissance Pittsburgh Hotel /
Hospitality Continues as Manager of the Hilton College Station &
Conference Center in College Station, Texas and Assumes Management of 5
Additional Encore Owned Hotels / October 2010
$10 million Renovation Wickens Group to Open Former Hotel Baronette as
Baronette Renaissance Detroit-Novi Hotel / April 2010