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JV partners unveil plans for new 228-room hotel.


AMC (Advanced Mezzanine Card) See AdvancedTCA.  Delancey Group, Inc. and Paramount Hotel Paramount Hotel

Many hotels are called the "Paramount", for example:
  • New York City Official Site
 Group, announced that they will partner in the development of an eight-story, 228-room Westin Hotel at the Connell Corporate Park in Berkeley Heights, N.J.

This represents the first ground-up development project between the companies, which jointly operate three other renovated full-service hotels on the East Coast.

The Westin Berkeley Heights at Connell Corporate Park will feature a unique twist on the traditional full-service hotel, as 19 of the guestrooms will be extended stay suites to accommodate the significant market demand for long-term stays. The new hotel will also feature approximately 17,000 s/f of meeting space, including a grand ballroom that can accommodate 600 guests, and a 7,000 s/f IACC-approved Executive Meeting Center. According to according to
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1. As stated or indicated by; on the authority of: according to historians.

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 Smith Travel Research, the Westin Berkeley Heights at Connell Corporate Park will be the first new upscale, full-service hotel built in the market since 1989.

"We targeted Berkeley Heights ten years ago as having a major void when it came to upscale lodging, but until now, we were unable to find the right site," explained Paramount Hotel Group CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  David A. Simon. "The Westin Berkeley Heights at Connell Corporate Park rep resents a once-in-a-lifetime opportunity to satisfy significant demand in an area with nearly insurmountable barriers to entry."

The hotel will be located within the 185-acre Connell Corporate Park, which presently contains four Class A office buildings totaling approximately 1.3 million square feet of office space. Some of the larger existing corporate tenants include AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
, Schering-Plough, EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. , Maher Terminals and Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m).  Insurance. Within 10 miles of the Park are also several other major corporations, including Alcatel-Lucent, Verizon, Avaya and Johnson & Johnson. When fully developed, Connell Corporate Park will consist of six Class A office buildings totaling over 1.75 million square feet, a high-end fitness and spa facility, and the new Westin.

The Westin Berkeley Heights at Connell Corporate Park will be franchised by AMC Delancey Group and Paramount Hotel Group under a license from Starwood Hotels.

Paramount will manage the hotel, which will offer special services and amenities exclusive to the Westin brand, including an approximately 17,000 s/f of meeting space, with an executive meeting center, all equipped for high speed Internet access and featuring extensive VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks.  capabilities.
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Title Annotation:NEW JERSEY
Comment:JV partners unveil plans for new 228-room hotel.(NEW JERSEY)
Publication:Real Estate Weekly
Date:Aug 22, 2007
Words:378
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