Blumberg to Add 10 Marriott-Branded Hotels
DOTHAN, AL, February 27, 2007. In its continuing focus on growth, the Larry Blumberg & Associates (LBA) lodging portfolio will increase by at least 10 properties when the hotels - all Marriott-branded - open later this year.
Referring to the company's "most active pipeline yet," Barry Kraselsky, president of LBA - which manages and develops hotels in the southeast U.S. - listed the following Marriott-branded hotels currently being developed by LBA: two Courtyards, in Prattville and Trussville, Ala.; a SpringHill Suites in Columbus, Ga.; two TownePlace Suites hotels, in Huntsville, Ala. and Columbus, Ga.; and a Residence Inn in Dothan, Ala.
In addition, LBA has been selected to manage four other properties, all new builds: two Fairfield Inn & Suites, in Jacksonville and Marianna, Fla.; a TownePlace Suites in Jacksonville N.C.; and a Residence Inn in Greensboro, N.C.
Kraselsky announced in December that LBA was transitioning to a 100% third-party management company through internal development and with multiple-deal developers, and that LBA's portfolio will grow to 50 managed hotels by year-end 2007.
He said that the company continues to actively consult with owners and developers on additional projects. "LBA's 30-year experience in ownership, development and management is very attractive to owners and developers looking for a respected third-party management company that will run their hotel as if they owned it," he said. "Because we 'grew up' as owner/operators, we continue to manage that way."
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 
