T.R. ENGEL Group, LLC, Completes Project Management Services for South Shore Harbour Resort and Conference Center, and Begins Services at InterContinental Hotel Under Development at the Minneapolis-St. Paul Airport

Rendering: InterContinental Hotel, located at Minneapolis-St. Paul Airport, Connected to Terminal 1; Courtesy Graves Hospitality

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. June 05, 2017

BOSTON, MA. June 5, 2017 - T.R. ENGEL Group, LLC, (TRE), the Boston-based hospitality advisory, asset management, project management and transactions firm, has completed its role as project manager of the $16 million recent renovation and repositioning of the premier South Shore Harbor Resort and Conference Center, League City, Texas. TRE is continuing as asset manager of the Resort.

TRE is now also assisting joint venture ownership with project management services at the 291-room, new-build InterContinental Hotel located at the Minneapolis-St. Paul Airport. The hotel will be connected to the airport at Terminal 1.

"Our role in these efforts is to provide project management-related services to the joint venture," states Tom Engel, principal of TRE. "As a multi-faceted hospitality firm, we typically work with joint venture managers to share recommendations for the development of guest rooms, food and beverage options, and back and front of the house technology and efficiencies." •The 237-room South Shore Harbor Resort and Conference Center is the area's largest full-service waterside resort and conference center, located just 30 minutes south of Houston. Capitalizing on the region's energy and high tech growth and the Resort's leisure amenities, the renowned Resort is implementing its new business plan. Construction included full renovation of marina-side pool and swim-up bar, new integrated lobby bar-restaurant and more than 200 redesigned guest rooms, two redesigned multilevel penthouses and a lobby bar with panoramic views of the water.

Galveston-based American National Insurance Co. owns the hotel; Dallas-based design firm Flick-Mars led the redesign; Providence, RI -based Gilbane, In. was the general contractor and TRE served as project manager. The hotel is managed by 1859 Historic Hotels.
•T.R. ENGEL Group, LLC, is currently working with Boston-based Intercontinental Real Estate Corporation and Minneapolis-based Graves Hospitality in the development of the new 291-room hotel under at Terminal 1 of the Minneapolis-St. Paul International Airport. TRE has been retained by this joint venture between Intercontinental Real Estate Corporation ("Intercontinental") and Graves Hospitality. The hotel will be branded as an InterContinental Hotel and will feature a main floor restaurant, contemporary spa, penthouse-level observation bar and more than 25,000 square feet of meeting and event space.

The InterContinental will open in mid-2018 and will be connected via skyway to Terminal 1. This marks the first hotel to be built on airport property and the second InterContinental in Minnesota.

About T.R. ENGEL Group, LLC (TRE):

With offices in the United States and the Middle East, TRE is a hospitality management firm specializing in advisory, project management, asset management and transaction services for hotels, convention centers, and mixed-use commercial real estate. The firm's experience in operations, development, financial analysis, and brand management provides value and benefit, working closely with debt and equity investors throughout the pre-development, development and on-going operations stages of the hotel lifecycle. As investment advisors, TRE provides due diligence and buyer and seller know-how both for the acquisition and sale of hotels in North America, Europe and the Middle East. TRE works with a diverse cross-section of investors including government entities, private equity real estate firms, real estate investment trusts and high net-worth family offices. www.trengelgroup.com.

About Intercontinental:

Intercontinental Real Estate Corporation is an SEC Registered Investment Adviser with decades-long experience in real estate investment, finance, development, construction management and asset management. Since 1959, Intercontinental and its affiliates have managed, developed, or owned collectively more than $10 billion in real estate property. Today, Intercontinental manages a real estate portfolio of approximately $6 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects. www.intercontinental.net.

About Graves Hospitality:

Graves Hospitality (GH) offers a comprehensive range of development and management services adeptly tailored to the needs of independent and branded hotels, resorts and restaurants as well as residential and commercial projects. The company's development skills and management services, including sales, marketing, distribution, human resources and accounting are honed over 35 years of continued success. www.graveshospitality.com.

Media Contact for TRE:
Leora Lanz
LHL Communications
[email protected]
+1-516-680-8529