Affiliates Building Courtyard by Marriott in Florida
Waterford Group, LLC, Slavik, Inc., and Glenn Jette Building Courtyard by Marriott in Stuart, FL
STUART, FL, November 28, 2007. Stuart Lodgings, LLC, a Connecticut-based developer, recently broke ground on the new 120-room Courtyard by Marriott in Stuart, Florida. The hotel will be located at 7615 SW Lost River Road, with visibility from both Interstate 95 and Florida's Turnpike. The 70,000 square foot, four-story hotel will include 120 guestrooms, outdoor swimming pool, fitness center, 24-hour access to food, hot breakfast buffet, lounge, and 1,200 square feet of meeting space. Slated to open in the fall of 2008, the hotel represents the next phase of the nearly 18-acre planned development, which already includes a Cracker Barrel, a McDonald's and a gas station.
The new Stuart Courtyard is owned by a partnership of affiliates of Connecticut-based Waterford Group, LLC, Michigan-based Slavik, Inc., and Connecticut developer Glenn Jette. Collectively, the owners bring several decades of professional experience to the project, including hotel development and management, and construction expertise.
Stuart-based Bayview Construction will serve as general contractor for the $8 million-plus construction project. Established in 1978, Bayview is a certified state-licensed general contractor. This contract marks the third hotel project on the Treasure Coast Bayview has been awarded this year.
Waterford Hotel Group, Inc, with headquarters in Waterford, Connecticut, will professionally manage and operate the new hotel. Citizens Bank of Pennsylvania is providing construction and permanent financing for the project.
"Our choice of a Stuart-based contractor was based on a desire to use a local company and on Bayview Construction's hotel and substantial commercial portfolio. We look forward to working with the local community during construction and celebrating the grand opening of the Stuart Courtyard by Marriott next year," said Mark Wolman, a member of Stuart Lodgings.
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 
