Four Developers Building Staybridge Suites in San Antonio
Nearly 500 new guest suites and 100 new employment opportunities
ATLANTA, GA, March 20, 2007. IHG (InterContinental Hotels Group) announced today that San Antonio, Texas can expect nearly 500 additional guest suites by early 2009. With the addition of four Staybridge Suites hotels, the hotel chain will triple its presence in San Antonio.
"San Antonio is an ideal market for extended-stay development and the demand is currently greater than the supply," said Robert Radomski, vice president, Brand Management, Staybridge Suites. "With the addition of these four new developments, we look forward to serving our guests' needs wherever they may need extended-stay lodging in the greater San Antonio area."
About the four Staybridge Suites developments in San Antonio
The Staybridge Suites at 123 Hoefgen Rd. is a $15 million, 12-story hotel in historic San Antonio with 138 suites. The property is expected to open summer 2007 and will bring 30 new employment opportunities to the community. The hotel is owned by SSG Hotel, under a license agreement with a company in the InterContinental Hotels Group and managed by IHG's Americas operations division, The Hotel Management Group.
The Staybridge Suites at 281 North and Loop 1604 is a $10 million, five-story hotel in Sonterra with 120 suites. The property is expected to open spring 2008 and will bring more than 20 new employment opportunities to the community. The hotel is owned by Montex Real Estate, Co., LLC, under a license agreement with a company in the InterContinental Hotels Group.
The Staybridge Suites at NW Loop 1604 North and Chase Hill Blvd. in the UTSA/Fiesta Texas area is a four-story hotel in Northwest San Antonio with 120 suites. The property is expected to open spring 2008 and will bring 25 new employment opportunities to the community. The hotel is owned by La Cantera Hospitality LLC and managed by Dellisart Lodging, under a license agreement with a company in the InterContinental Hotels Group.
The Staybridge Suites at Commerce St. and North Pecos is a $15 million, ten-story hotel in historic Cattleman Square in downtown San Antonio with 120 suites. The property is expected to open early 2009 and will bring 30 new employment opportunities to the community. The hotel is owned by Vaquero Development Company and managed by Dallas-based Hospitality Management Corporation, under a license agreement with a company in the InterContinental Hotels Group.
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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 
