Hersha to Provide Management for New Prototype Radisson
NEW CUMBERLAND, PA, July 26, 2006. Hersha Hospitality Management, L.P. (HHM) announced that it has opened the 117-room Radisson Hotel in Cartaret, New Jersey. HHM will operate the hotel as a third party manager on behalf of Meur Management, LP.
'The new Radisson prototype, with its highly distinctive look and updated feel, is well positioned to become a market leader in the metropolitan New York marketplace,' said Mark DiPiazza, HHM vice president of full service hotels. 'Our guests will enjoy our proximity to Newark Airport, the northern N.J. region, and Manhattan, as well as our location just off the New Jersey Turnpike. We are proud to be part of Carteret's aggressive growth plans and look forward to becoming an active participant in this growing community.'
The upscale, full-service property is located on 30 Minue Street, just off Exit 12 of the New Jersey Turnpike. The Radisson Hotel in Cartaret features 3,700 square feet of meeting space, a 24-hour business center, fitness center and complimentary Internet access in all guest rooms. The hotel also houses Yogi's American Bar and Grill and a cocktail lounge which boasts 22' flat panel TVs throughout the restaurant and lounge with table-side private listening monitors to the TV of choice.
'Our relationship with Meur Management, LP, is emblematic of our recent decision to bring our operational expertise in key Northeastern markets to third-party owners of upscale and mid-scale hotels' said Naveen Kakarla, vice president of administration at HHM. 'We are confident the hotel will benefit from purchasing power and economies of scale with our ten hotel cluster in the area.'
Hersha Hospitality Management, L.P., is a hotel management company providing operations, development and asset management services to upscale and midscale hotels with strong, national franchise affiliations in the eastern United States. The company currently provides hotel and asset management services to more than 50 hotels in the top markets in the nation, including metro Boston, Connecticut, New York City, New Jersey, Philadelphia, metro Washington D.C., and Atlanta.
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 
