Stonebridge Companies Acquires Residence Inn by Marriott Herndon Reston

USA, Denver, Colorado. March 23, 2020

Stonebridge Companies — a Denver-based, privately owned, innovative hotel owner, operator and developer — has acquired and will manage the 168-room Residence Inn by Marriott Herndon Reston in Herndon, Virginia. The acquisition is Stonebridge Companies' second in less than three months and third since late 2018.

Stonebridge last month announced the purchase of the Le Méridien New Orleans, and in late 2018 acquired the Embassy Suites by Hilton New Orleans.

The Residence Inn by Marriott Herndon Reston is located at 315 Elden St. in Herndon, just minutes from Washington Dulles International Airport and blocks from Reston Town Center, the shopping and dining destination that is home to more than 50 retailers, 35 restaurants and a multi-screen cinema.

The extended-stay hotel offers modern and spacious studio and two-bedroom suites with fully equipped kitchens and complimentary Wi-Fi. It features a seasonal outdoor pool and Sport Court®, barbecue and picnic area, complimentary breakfast buffet, 24-hour market and on-site business center and meeting space. Guests can also earn and receive benefits through the Marriott Bonvoy™ loyalty program.

"Stonebridge Companies is proud to expand our presence in Virginia and the Washington, D.C., area," said Navin C. Dimond, president, CEO and founder of Stonebridge Companies. "We're confident that our unique brand of Distinguished Hospitality™ will provide our guests with an experience that is second to none in the area's hotel market."

Stonebridge Companies' diverse portfolio of 64 hotels and approximately 12,000 guest rooms includes select-service, extended-stay, mid-scale and full-service hotels located across the United States.

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