The Briad Group Follows up Recent Hotel OPenings with an Aggressive Development Program
LIVINGSTON, NJ, September I4, 2005. Having successfully developed five Hilton and Marriott hotels to date in 2005, The Briad Hotel Division of The Briad Group announces the development of 12 additional projects for 2006 and 2007.
The 2005 openings include the 123-room Homewood Suites in Somerset, NJ and 104-room Homewood Suites in Wallingford, CT, under the Hilton brand, and, under the Marriott brand, the 119-room Courtyard in Farmington, CT, and two Residence Inns, one with 96 rooms in Rocky Hill, CT, and one with 123 rooms in Mt. Olive, NJ.
Twelve other projects in the pipeline are slated to open in 2006 and 2007. Construction will begin on four of these hotels by year-end 2005: a 100-room Marriott Residence Inn in Neptune, NJ, 108-room Residence Inn in Mt. Laurel, NJ, 113-room Courtyard by Marriott in Wall Township, NJ, and a 113-room Hilton Homewood Suites in Bethlehem, PA.
In addition to developing and owning franchises under long-term agreements with Hilton and Marriott, The Briad Group has the ability to manage properties under its hotel management subsidiary Briad Hospitality, L.L.C. "Our Hotel Division is a key element of Briad's continued success and growth. We value the strong relationships we have with these two great companies," said Brad Honigfeld, Chairman and CEO of The Briad Group. The Briad Group has been developing extended- and limited-stay hotels across the Northeast and Mid-Atlantic states for the past five years, with thirteen hotels developed from the ground up. The company has developed properties under the Residence Inn, Courtyard and Spring Hill Suites brands for Marriott; and the Homewood Suites and Hilton Garden Inn brands for Hilton.
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 
