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JV Scores Marriott Franchise Agreement for Hotel Development

By Tony Seruga

Bellefield Development and The Shaner Hotel Group will build a soft-branded Residence Inn in Hyde Park, N.Y. The 133-key project will be the first of two hotels set to be constructed on a 339-acre site.

A joint venture between T-Rex Capital Group affiliate Bellefield Development Partners and The Shaner Hotel Group, were awarded a Marriott International Franchise Agreement for a soft-branded Residence Inn in Hyde Park, N.Y.

The 133-key Hotel at Bellefield will be the initial vertical construction at a 339-acre site situated at the gateway to Historic Hyde Park on Route 9 in Dutchess County. The hotel is the first of two planned for the location. The $500 million tourism destination will also include a conference center, freestanding signature restaurant, culinary-based retail and a spa. The site will retain 58 percent as wooded and undeveloped with another 48 acres devoted to agricultural uses…

JV Scores Marriott Franchise Agreement for Hotel Development

Categories : Real Estate

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