BERKELEY HEIGHTS, N.J., Sept. 21, 2009—Davidson Hotel Company, one of the nation’s largest independent hotel management companies, today announced that it will manage the 244-room Westin Berkeley Heights in eastern New Jersey, 22 miles from New York City. The new-build property is situated in the 185-acre Connell Corporate Park. It is the first hotel Davidson will manage for owner, The Connell Company.
“This is a superb location for an upscale lodging project, in a major office park with a large existing corporate tenant base, situated in a high-income area with significant barriers to entry,” said Steve Margol, (top right photo) Davidson’s chief investment officer.
“Our extensive experience with pre-opening/opening and operating upscale hotels and resorts, including three other Westin products, will enable us to quickly establish the Westin Berkeley Heights as a market leader. In addition to the obvious corporate and group meetings business potential, we also plan to focus on the local social market, which our research determined is underserved.
“The addition of the Westin Berkeley Heights to our ever-growing portfolio of premier hotel assets marks the continuation of our very successful third-party management platform,” he noted.
“The property will become our fourth Westin and our tenth Starwood-branded asset. The Connell Company has a sterling reputation in the region, and we are proud to add them to our growing roster of institutional and high net-worth clients.”
“This upscale, full-service hotel marks our entry into the hospitality industry and is a perfect complement to our office park, whose Life Time Fitness Athletic club and five Class A commercial office buildings with more than 30 corporate tenants represent a significant built-in source of demand,” said Shane Connell, executive vice president, The Connell Company.
Contacts:
Cyndi Norwood, Davidson Hotel Company, (901) 821-4155, cnorwood@davidsonhotels.com
Jerry Daly, Chris Daly (media), Daly Gray Public Relations, (703) 435-6293, jerry@dalygray.com
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