Exciting news for those interested in the real estate and hospitality sectors: a joint venture between T-Rex Capital, a local developer, and Shaner Hotel Group, a Pennsylvania-based owner-operator, is on the verge of completing a Marriott-branded hotel in Hyde Park, New York. This 137-room hotel is about 85 miles north of Manhattan and is set to open its doors to guests early next year.
The hotel is a part of Bellefield at Historic Hyde Park, a mixed-use development project worth $1 billion. This project is a testament to the growing trend of mixed-use developments that combine residential, commercial, and hospitality spaces to create vibrant, self-contained communities. The hotel will operate under the Residence Inn brand, one of Marriott's most popular and respected brands.
Designed with the modern traveler in mind, each room in the hotel will feature a kitchen and a workstation, making it an ideal choice for both short-term and extended stays. The hotel will also offer a range of amenities to enhance the guest experience. These include a fitness center for those who want to maintain their workout routine while traveling, and 3,180 square feet of meeting space for business meetings and events.
One of the standout features of the hotel is a 150-person ballroom, perfect for hosting events, celebrations, and conferences. In addition, the hotel will offer multiple onsite food-and-beverage options, ensuring guests have a variety of dining experiences to choose from without having to leave the premises.
This new Marriott-branded hotel in Hyde Park is a significant addition to the local real estate landscape. It not only provides a boost to the local economy but also offers a high-quality accommodation option for visitors to the area. Whether you're a real estate investor, a prospective homeowner, or just interested in industry developments, this is a project worth keeping an eye on.
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