Choice Hotels and City Sunstone Properties Partner to Develop New Cambria hotel & suites in Morristown, New Jersey
January 21, 2016 10:30am
ROCKVILLE, Md., Jan. 21, 2016 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, announced it has signed an agreement with franchise partner City Sunstone Properties to develop a new Cambria hotel & suites in Morristown, New Jersey. The 120-room Cambria property will be located one-half block away from Morristown Green at 19 Market Street and is expected to open in July 2017.
"The Cambria hotels & suites brand had a strong year in 2015, with numerous openings, ground breakings and new property signings to key markets across the country, and we're thrilled to continue that momentum by bringing the brand to business and leisure travelers visiting Morristown," said Michael Murphy, senior vice president, Upscale Brands, Choice Hotels International.
City Sunstone Properties (CSP) is a commercial real estate investment and development firm based in New Jersey and Las Vegas. CSP is one of the largest owners of community based shopping centers and office buildings in Las Vegas, with significant holdings in both Las Vegas and Reno, Nevada; Arizona; and New Jersey. The Morristown Cambria development is consistent with CSP's "value add" strategy of developing high use projects on extremely attractive development sites in regions with growth and strong demographics.
"There are numerous corporations based around Morristown, and we are confident their clients and partners will be pleased once they experience the Cambria brand," said Rod Atamian, managing partner, City Sunstone Properties. "The development of the Morristown Cambria is consistent with our efforts to own the most attractive commercial properties in a given region."
The Morristown area is home to a wide array of companies spanning multiple industries, including Honeywell, Nabisco and Wyeth Pharmaceuticals. Leisure travelers also frequent the area to enjoy the many well-known theaters, festivals and high-end retail stores.
Designed as a business travel and leisure brand, all Cambria hotels & suites are new-construction and feature a larger lobby to give guests a more social atmosphere; oversized rooms with flexible spaces; and the latest technology that allows guests to stay connected while they travel.
Like all Cambria hotels & suites, the Morristown property will feature other fine amenities such as a contemporary bistro, Social Circle™, serving a menu comprised of local specialties created by Chef Michael DeMaria; liquor, wine, beer and freshly prepared grab-and-go gourmet salads and sandwiches; and a barista bar. This property will also boast 2,500 square feet of meeting space, a spa, a large indoor swimming pool and a fitness center.
City Sunstone Properties
City Sunstone Properties was founded in 2012 as a commercial real estate investment company based in Las Vegas, Nevada. The founder's intent was to take advantage of severely dislocated markets primarily in Southern Nevada and the western United States. In just a few years, City Sunstone Properties has become a leading player in Nevada's commercial real estate market having acquired 10 properties, including shopping centers, office complexes, and tracts of land that are planned for future development. The company's portfolio primarily consists of newer properties in submarkets with strong demographics, high traffic counts, and catalysts for growth, providing a foundation to generate substantial value over the long term. The company employs a "value add" strategy in its investment criteria, focusing on distressed properties with solid fundamentals that can be improved by repositioning the asset; improved management, focused and creative leasing efforts, and/or redevelopment.
Tags: city sunstone properties,
cambria hotel & suites,
Cambria hotels & suites makes business travel easier—and more fun—than ever before. Offering modern décor, rooms that feel like an upgrade, and fresh, local cuisine at our Social Circle™ restaurant, Cambria makes every guest feel like a VIP. There are currently 25 properties open across the country and 30 under development in the U.S. and Canada. To learn more, visit www.cambriahotelsandsuites.com.
Choice Hotels International, Inc. (NYSE: CHH) is one of the world's largest lodging companies. With more than 6,300 hotels franchised in more than 35 countries and territories, Choice Hotels International® represents more than 500,000 rooms around the globe. As of September 30, 2015, 638 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® hotels & suites, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge® and Rodeway Inn® brands provide a spectrum of lodging choices to meet guests' needs. With more than 24 million members and counting, check out our Choice Privileges® rewards program to see how you can reap the benefits of being a member of the Choice Hotels® family. Visit us at www.choicehotels.com for more information.
Contact: Scott Carman
Choice Hotels Partners with Nexus Companies to Develop New Cambria hotel & suites in Anaheim, California
Choice Hotels in Partnership with Fillmore Capital Partners, Fillmore Hospitality and Murphy Asset Management to Develop Two Cambria hotels & suites in Chicago
Choice Hotels International Signs with Ariel Development for New Cambria hotel & suites in Seattle, WA
Choice Hotels Signs with Jalili/Spitzig, LLC to Develop a Cambria hotel & suites in Irvine, CA
Choice Hotels Signs with Concord Hospitality and Robert Finvarb Companies to Develop New Cambria hotel & suites in Durham, NC
Choice Hotels to Develop New Cambria hotel & suites at Arundel Mills in Hanover, MD
Choice Hotels Breaks Ground on the 121-room Cambria Hotel & Suites in McAllen, Texas to Open in 2016
Fillmore and Choice Hotels Celebrate Groundbreaking for New Cambria hotel & suites in New Orleans
Choice Hotels and SMC Partner to Develop New Cambria hotels & suites in College Park, MD
Choice Partners with Ceres Development and Orlean Enterprises to Develop Cambria Hotel & Suites
Please login or register to post a comment.