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LTD Hospitality Group

MEDIA RELEASE - 2006.07.17

July 17, 2006
Contact: Kim Schlick, (757)213-0110

Two Hotels Broke Ground at Power Plant of Hampton Roads

Hampton Roads, VA- Recently, the Hilton Garden Inn and SpringHill Suites by Marriott broke ground at the Power Plant of Hampton Roads, strengthening the strategic economic development and revitalization movement of Hampton and its Coliseum Central district. With construction now underway, the two hotels, valued at $37 million, are expected to open in late summer of 2007. Both properties will be developed and managed by LTD Management Company, L.L.C., an award-winning hotel development and management group headquartered in Chesapeake, VA.

The 83,000 square foot Hilton Garden Inn will feature approximately 147 rooms, an on-site restaurant, 1000 square feet of meeting space and will allow guests to choose between four different room types. The 88,000 square foot SpringHill Suites by Marriott will feature approximately 124 spacious suites that include a living areas separate from the bedroom, a sofa bed, microwave, refrigerator and other amenities, and over 3,600 square feet of flexible meeting space. Both hotels will include an indoor pool with hot tub, wireless Internet access throughout, a business center, fitness facilities and more.

The construction of the new hotels will also provide over $650,000 in new tax revenue for the city and bring over 100 new jobs to the area.

“The addition of the Hilton Garden Inn and SpringHill Suites by Marriott reflects the substantial growth that the city is experiencing and we are thrilled to bring two nationally-recognized hotels to Hampton,” says Malay Thakkar, managing partner of LTD Management Company, L.L.C.

Since its inception in 1983, LTD Management Company, L.L.C. has developed a reputation for creating an atmosphere “where distinction reigns.” The company currently operates 20 properties throughout Virginia, with 12 more hotels in the development pipeline and scheduled to open within the next two years. With the highest possible standards in mind, LTD prides itself with developing quality hotels under the franchise brands of Marriott, Hilton, Starwood and InterContinental.