WATERFORD HOTEL GROUP EXPANDS NORTHEAST PORTFOLIO

WATERFORD, CT, Aug. 03, 2017 -- Waterford Hotel Group, one of the nation’s leading hotel management companies, has announced the growth of its portfolio with the addition of five hotels located throughout the northeast. The properties range from a 68-room independent, boutique style New England hotel to a 133-room branded, New York City hotel. Each hotel is independently owned and will be professionally managed by Waterford Hotel Group.

Waterford Hotel Group assumed management of the 125-room Fairfield Inn & Suites Cape Cod Hyannis, MA effective May 1^st. Located at 867 Iyannough Road (Route 132), the Fairfield Inn & Suites Hyannis is located in the heart of Cape Cod’s shopping, dining and attractions. The Fairfield Inn & Suites Hyannis opened in June 2016 and is owned by an affiliate of The Simon Konover Company. 

On June 1^st, Waterford Hotel Group took over operations of the 122-suite New Haven Village Suites in New Haven, CT.  The New Haven Village Suites is an independent hotel and the only extended stay property in New Haven. Located along Long Wharf Drive just off Interstate 95, the New Haven Village Suites is owned by the Hospitality Division of NHR Properties. 

Waterford Hotel Group also assumed management of the 133-room Fairfield Inn & Suites by Marriott New York Brooklyn on July 1^st. The Fairfield Inn & Suites by Marriott New York Brooklyn is a stylish hotel located at 181 3^rd Avenue in Gowanus, a neighborhood in the New York City borough of Brooklyn, and a short walk to Barclays Center. The hotel is owned by an affiliate of Troutbrook Company.

Waterford’s northeast expansion continues with the addition of two hotels currently under development. Waterford has been selected to manage the 125-room Hyatt Place located at 800 Jefferson Boulevard near T.F. Green Airport in Warwick, RI. The new hotel, ideally located adjacent to the new airport parking garage and intermodal station, will be the first hotel in the city to have direct interior access to the airport’s parking garage. The hotel is currently in the development stage with an anticipated opening of spring/summer 2018. The owner and developer is the D’Ambra family of Warwick, RI.  

Also under development is the New Bedford Harbor Hotel located on Union Street in New Bedford, MA. Waterford has been selected to manage this 68-room, upscale, boutique hotel that will be franchised as an Ascend Collection. The Boston-based Columbus Group is converting the 46,600-square-foot building into a hotel, restaurant, and banquet space. The hotel is slated for a spring 2018 opening. 

“We are honored to be selected by each of these ownership groups to manage their assets,” stated Rob Winchester, President and COO of Waterford Hotel Group. “Waterford brings to each project a unique expertise gained through more than 30 years of experience with branded and independent properties of varied sizes located throughout the United States,” added Winchester.

ABOUT WATERFORD HOTEL GROUP

Waterford Hotel Group has experience operating virtually every type of hotel property, including limited services properties, all-suite hotels, conference centers, and large full service and resort properties. The company’s approach to hotel development and operations is hands-on, and features frequent site visits and constant communication with customers and partners. Additionally, Waterford Hotel Group offers centralized accounting, financial reporting, strategic marketing, human resources, and day-to-day operations management systems to increase market share and profitability at all properties. For more information, visit our website at www.waterfordhotelgroup.com.

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b50bbdbf-9bbc-4fdb-9bb7-46406b90c2c3

Lisa Beers
Waterford Hotel Group
860-701-9621
[email protected]