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LTD Hospitality Group to Restore Crown Jewel Hotel in Newport News

Company Announces Plans for New Holiday Inn Property


LTD Hospitality Group to Restore Crown Jewel Hotel in Newport News


CHESAPEAKE, VA (December 19, 2016) —Neel Desai, Managing Principal of LTD Hospitality Group, is pleased to announce that LTD has closed on the purchase of the Magnuson Hotel in Newport News, Virginia. The hotel is located off of Interstate 64 at the gateway to City Center. LTD plans to immediately close and fully restore the 183 guestrooms, lobby, restaurant, and more than 10,000 square feet of meeting space, and re-open by the end of 2017 as a fullservice Holiday Inn® hotel. “The renovation plans incorporate IACC design standards that adhere to a set of quality standards in physical meeting room design, food & beverage and service,” said Desai. “The IACC designation coupled with the recognizable Holiday Inn brand flag will give meeting planners complete confidence to book their next meeting in Newport News, knowing the venue and staff are focused on delivering exceptional meeting experiences.” The IACC is the only global professional association which represents small to medium-sized venues focused on meetings, training courses and conference- related standards. The planned conversion will feature the Holiday Inn brand’s newest guestroom design, which was created to better meet the changing needs of the contemporary traveler. The new flexible design allows guests to work or relax wherever and however they want and truly make the space their own. Unique in-room elements include: • A design-infused approach that is both warm and inviting, with familiar, yet modern touches, created to feel more like a home than a hotel. • A Welcome Nook serves as a drop zone for guests to hang their coat, drop their keys or bag and plug in their devices, much like they would an entryway or mud room in their own home. • An entirely new room type: the King Bed with Comfort Hideaway features a trundle-type bed which doubles as a sofa during the day and can pull out into two twin beds at night. The room design is ideal for both business travelers, serving as a separate place to work or relax and unwind, and families with kids and teens, giving each member of the family a comfortable place to sleep and play. • A new Moveable Desk and more than five dedicated points of power throughout the room were designed with today’s travelers in mind, giving them the ability to work and play anywhere in the room. Chris Drazba, Vice President, Development, The Americas, IHG said, “We are pleased to work with Neel Desai and LTD Hospitality Group on the addition of this new Holiday Inn property to the Newport News area. We look forward to working with the LTD team to bring our signature new design solution to life, which aims to create a more welcoming environment for business travelers and families.”

LTD Hospitality Group to Open Delta Hotels in 2017

LTD to rebrand current Marriott Hotels property through a complete modernization and renovation of all guestrooms, meeting space and lobby


LTD Hospitality Group to Open Delta Hotels in 2017


CHESPEAKE, VA (December 12, 2016) —Neel Desai, Managing Principal of LTD Hospitality Group is pleased to announce that LTD has closed on the purchase of the Marriott Hotels property located on Woodlake Drive at the entrance of the Chesapeake Conference Center. Currently plans are to re-brand the hotel to Marriott International’s, full service Delta Hotels by Marriott brand in March of 2017. LTD will strengthen the hotel’s position in the market through a complete modernization and renovation of the 230 guestrooms, 12,000 square feet of meeting space and lobby. “The strong performance of the LTD portfolio has enabled additional pipeline expansion.” said Desai. “The acquisition of the full service Marriott property in the city where our company roots were established affirms our long-term commitment to the Chesapeake market.” Earlier in 2016, LTD purchased the adjacent property Studio & Suites 4 Less which is currently closed and in the process of a significant renovation to be open as a Holiday Inn Express & Suites by May of 2017. “The ability to market this new property along with LTD’s other Marriott brands of SpringHill Suites, Residence Inn and Aloft will be a compelling advantage not only for our sales team, but for the City of Chesapeake as well.” added Desai. “We anticipate a seamless transition as our senior leaders work with the new hotel’s employees to introduce our vision, values and best practices, while working to enhance excellence in guest service.” In April 2015, Marriott International, Inc. acquired the Delta Hotels and Resorts management and franchise business from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation (bcIMC). The brand brings a rich history and an exciting range of properties to the Marriott portfolio and currently consists of more than 35 hotels and nearly 10,000 rooms. Delta Hotels offer a fresh approach to the guest experience including intuitive designs for modern business and leisure travelers, and an innovative use of technology. “We are thrilled to partner with LTD Hospitality Group to further expand the Delta Hotels portfolio into North America.” said Gregory Durrer, senior director of Delta Hotels by Marriott.

LTD Hospitality Group Purchases Hotel in Chesapeake

LTD Hospitality Group Purchases Hotel in Chesapeake


LTD Hospitality Group Purchases Hotel in Chesapeake


CHESPEAKE, VA (April 12, 2016) —LTD Hospitality Group is pleased to announce that it has purchased the Studios & Suites 4 Less hotel in Chesapeake, Virginia. Located on Old Greenbrier Road at the entrance of the Chesapeake Conference Center, LTD has plans to significantly enhance the property’s offerings. As part of a significant capital infusion, LTD plans to fully renovate and re-brand the hotel by the Summer of 2017. Once the conversion of the hotel is complete, it will truly compliment the gateway to the City's hub for meetings and conventions. "This project represents an exciting development for both future guests of this hotel as well as the vibrant Chesapeake community that supports this property," said Neel Desai, Managing Principal of LTD Hospitality Group. "LTD has a long history of investing in Chesapeake and we look forward to working with our partners as we transform this hotel into one of the premiere lodging destinations in Chesapeake. “These are exciting times at LTD,” continued Desai. He stated that “Additionally, LTD is in the process of developing the ground-up construction of a new extended stay hotel in Charlottesville, Virginia, which is set to open in the Fall of 2017. The expansion of the portfolio coupled with the recent acquisition of a third party management contract illustrates that the Company is well poised with a strategic growth plan. “ LTD has significant experience in all of the industry leading brands and currently operates hotels in Virginia, Maryland, Illinois and Arkansas.