University of Delaware becomes hotel entrepreneur: a public school invests in the hospitality business.
The University of Delaware  The student body at the University of Delaware is largely an undergraduate population. Delaware students have a great deal of access to work and internship opportunities. is soon to become the Latest school with a full-service hotel on campus. But unlike other colleges and universities, which typically Lease Land to an outside company to build and manage the facility, UD is playing the role of entrepreneur.
UD has invested $9 million to build its 126-room hotel, another $3 million has been put up by Shaner Hotel Group, State College, Pa. Together they have formed a for-profit company called Blue Hen Hen, in the Bible, man who was to have a memorial in the temple. Hotel LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , which is named after the university's mascot MASCOT - Modular Approach to Software Construction Operation and Test: a method for software design aimed at real-time embedded systems from the Royal Signals and Research Establishment, UK. . Blue Hen, in turn, struck up a franchise agreement with Marriott International Marriott International, Inc. (NYSE: MAR) is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. to run the new hotel as a Courtyard by Marriott Courtyard by Marriott is a brand of hotels owned by Marriott International. They have over 2,800 hotels worldwide, as of June 2007. Courtyard by Marriott is designed for business travelers. . Both investors will profit if all goes well. UD will get 75 percent of the proceeds because of its majority investment.
The hotel will benefit from a built-in Labor pool, since some of the staff will be made up of UD students enrolled in its school of hotel and restaurant management.
It's hoped that the hotel will boost business for UD's conference center, which recently underwent a $4.1 million renovation. While UD's Clayton Hall Conference Center generates an estimated $4.3 million in annual revenue, UD has Lost conference business because there was no adjacent hotel, says Bill Sullivan, managing director of the hotel and conference center. Conference attendees had to travel two miles for the nearest overnight accommodations. The hotel and conference center will sit side by side on the north end of the school's Newark campus Location.
UD's hotel is scheduled to open in November.