Ash Properties Enters Agreement With Choice for Development of New Cambria Hotel in Jacksonville, Florida
Choice Hotels International, Inc. (NYSE:CHH) has signed an agreement with Ash Properties to develop a five-story, 132-room Cambria Hotel in Jacksonville, Fla. The upscale hotel is slated to open in 2020.
Located at Ozark Drive near highway I-295, the new Cambria Hotel in Jacksonville is situated in the southeast region of the city known as Baymeadows, which features several corporate, government, and medical facilities, including the FBI's regional offices, the University of North Florida, Deutsche Bank, Ernst & Young, the Mayo Clinic, and Baptist Hospital. The hotel is also a short distance from St. Johns Town Center, an outdoor shopping center with numerous retail stores, restaurants, and recreational activities. The property is within driving distance to several regional attractions, like the historic beaches of St. Augustine and Fernandina, St. Johns River, World Golf Village, and Marineland.
"The Cambria Hotels brand is a great fit for Jacksonville, the fifth-fastest growing city in the United States and a major economic driver for the region's 1.5 million residents," said Mark Shalala, vice president, franchise development, upscale brands, Choice Hotels. "Choice Hotels continues to expand the Cambria brand in markets where business and leisure demand is strong, and the Southeast region of the country, especially Jacksonville, is another key location to add to our growing portfolio."
Ash Properties is a Jacksonville-based real estate development company specializing in leasing, management, and development of commercial, retail, storage, office, and hospitality properties.
"Business and leisure travelers love visiting Jacksonville because the city boasts access to more than 20 miles of amazing beaches, proximity to 40 miles of the Intracoastal Waterway, and a growing corporate presence," said Mike Ashourian, Principal, Ash Properties. "We know visitors will enjoy exploring the region as much as the Cambria Hotel in Jacksonville's top-notch amenities."
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 
