Tavistock Development Co. Partners with Concord Hospitality to Open Residence Inn and Courtyard by Marriott in Lake Nona this fall
ORLANDO, FL. August 11, 2015 - With shared lobby space and recreational facilities, the Residence Inn and Courtyard by Marriott will offer visitors to Lake Nona the best of both worlds when they open in late fall 2015, bringing the first onsite hotels to the region's fastest-growing master-planned community and Medical City.
Tavistock Development, owner and developer of the dual branded hotel in Lake Nona, is pleased to announce its partnership with Concord Hospitality Enterprises Company to manage daily operations for the 204-room property, which will be divided equally with 102 rooms in each hotel.
Widely recognized as a top management company in the industry, Concord Hospitality is a ten-time winner of Marriott's Partnership Circle award, the highest honor Marriott presents to its owner and franchise partners for hospitality excellence. Concord Hospitality currently operates 12 Residence Inns and 26 Courtyard properties, with three more in development in addition to the Lake Nona project.
“As a proven industry leader with high standards of excellence and integrity, our partnership with Concord is a seamless fit to realize the project's vision,” said Tavistock Development President Jim Zboril.
The Marriott hotels are part of Tavistock's first phase of the Lake Nona Town Center along Lake Nona Boulevard just south of SR 417 in the heart of Lake Nona Medical City. In addition to the hotels, the first phase of development opening this fall includes 17,000 square feet of business and restaurant space, an 80,000 square-foot multi-tenant office building and five-story parking garage. Once complete, the open-air shopping center will feature more than one million square feet of office and retail from high-end shops and department stores to restaurants and a variety of entertainment options.
“From the VA Medical Center to Nemours Children's Hospital, Lake Nona attracts a mix of overnight and extended stay visitors, making the community an ideal location for this dual-branded Marriott concept,” said Mark Laport, President and CEO of Concord Hospitality. “We are excited to team with Tavistock to help ensure these hotels represent the highest in quality accommodations in the Orlando market, and we will strive to quickly establish ourselves as the go-to hospitality provider for guests of the Lake Nona community and beyond.”
Tavistock Development properties include a diverse mix of land, office and retail, industrial, apartment, hospitality and master-designed communities in Central Florida. In addition to the Lake Nona Town Center, TDC is overseeing the development of the 63-acre, 102-court United States Tennis Association National Campus and various Lake Nona office and retail centers, including Vickrey Place adjacent to Valencia College and Lake Nona High School along Narcoossee Road. Recently completed is the Lake Nona Gateway Building, a 75,000 square-foot medical office building on the northwest corner of Narcoossee Road and Tavistock Lakes Boulevard.
About Concord Hospitality Enterprises Company
Concord Hospitality is a Raleigh, N.C.-based hotel management and development company that owns and/or manages 83 hotels comprised of more than 13,000 guest rooms in 18 states and two Canadian provinces. The company operates hotels and resorts under leading brand affiliations including Choice Hotels, Hilton, Hyatt, InterContinental Hotels Group, Marriott and Starwood, as well as select independent boutique hotels. For more information, call Concord Hospitality at 919-455-2900, visit concordhotels.com, or engage with us on facebook.com/concordhospitality or twitter.com/concordhotels.
About Tavistock Development Co.
Tavistock Development Company (TDC) is a diversified real estate firm owned by Tavistock Group and specializing in planning, design, finance, construction and development. TDC's real estate portfolio is highlighted by the 11-square-mile master-planned community Lake Nona in Central Florida, in addition to its infrastructure network, residential, office and retail development and medical and educational institutions. For more information, visit tavistockdevelopment.com.
About Lake Nona
Orlando's Lake Nona is one of the fastest growing communities in America with more than $2.8 billion in construction across 7.1 million square feet of world-class residential and commercial facilities. The 11-square-mile master-designed community is home to thoughtfully designed neighborhoods, world-class education facilities, Lake Nona Medical City, a sports innovation and performance district highlighted by USTA's New Home of American Tennis, diverse work spaces, recreational facilities, retail centers, and entertainment venues encompassing the best Orlando has to offer with all the conveniences of a dynamic, vibrant community. Driven by a long-term vision, Lake Nona is committed to building an innovative community focused on sustainable design, healthy living, and groundbreaking gigabit fiber optic technology. Adjacent to the Orlando International Airport, Lake Nona will feature more than five million square feet of commercial space, 2,200 hotel rooms, 30,000 residents and more than 100 shops and restaurants. For more information visit www.lakenona.com.
About Residence Inn
With more than 650 properties in the United States, Canada, Europe, the Middle East and Central America, Residence Inn by Marriott is the leader in the extended-stay lodging segment. Designed for long stays, the brand offers spacious suites with separate living and sleeping areas. Fully functional kitchens, grocery delivery, 24-hour markets and complimentary breakfast help guests maintain a healthy balance while on the road. Complimentary Wi-Fi allows guests to stay connected to the home and office, while health and fitness options and inviting lobby spaces provide comfortable places to work and relax.
About Courtyard by Marriott
Courtyard by Marriott offers a refreshing environment that helps guests stay connected, productive and balanced. Intuitive services and design accommodate guests' needs for choice and control. With 1,000 locations in 38 countries and territories, Courtyard hotels participate in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, call the Courtyard toll-free number at 800-321-2211, visit courtyard.com, or engage with us on facebook.com/courtyard, twitter.com/courtyardhotels or instagram.com/courtyardhotels.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
