About SpringHill Suites by Marriott – Jacksonville Florida
The 102-room, 5-story SpringHill Suites by Marriott is located at 4385 Southside Blvd., Jacksonville, FL 32216. The hotel contains approximately 56,397 square feet and was constructed on approximately 2.60+ acres of land in the heart of Jacksonville’s Deerwood Park suburb. The hotel opened in 2000 and completed a $3.4 million renovation in 2016. Of the $3.4 million, approximately $2.4 million contributed to the enhancement of guestrooms and the lobby to upgrade the SpringHill Suites to Marriott brand standards. With our recent purchase, an additional $1.3 million in renovation dollars will be spent on the exterior facade including painting, new exterior windows and doors as necessary, new graphics and signage, landscaping, upgrade to public spaces, technology upgrade, expand exercise room, additional upgrades in the guestrooms, improvements in the back of house/admin areas, fire alarm upgrade, and general maintenance.
About Jacksonville, Florida
Jacksonville is the most populous city in Florida and the southeastern United States as well as the largest city by area in the contiguous United States. It is the seat of Duval County and as of 2018, Jacksonville’s population was estimated to be 903,889 while the Jacksonville metropolitan area has a population of 1,534,701 which is the 4th largest in Florida. Jacksonville is centered on the banks of the St. Johns River in the First Coast region of northeast Florida with the Jacksonville Beaches communities (with 22 miles of coastline) along the adjacent Atlantic coast. The Jacksonville economy benefits from banking, insurance, healthcare, military facilities, and logistics as well as tourism. Jacksonville is home to the National Football League team the Jacksonville Jaguars.
About the SpringHill Suites by Marriott Brand
SpringHill Suites is a brand of hotels operated by Marriott International geared toward the upper-moderate lodging segment of the hospitality industry. The chain consists of all-suite hotels and as of December 31, 2018 had 414 hotels with 48,959 rooms.
About Marriott International
Marriott International, Inc. (“Marriott”) is a worldwide operator, franchisor and licensor of hotels, residential and timeshare properties under numerous brand names at different price and service points. Marriott brand portfolio included 6,906 properties worldwide with 1,317,368 rooms as of year-end 2018.
The SpringHill Suites benefits substantially from Marriott’s state-of-the-art centralized reservation system, tremendous brand recognition, and award-winning guest loyalty program, which recently underwent a name change from Marriott Rewards to Marriott Bonvoy. The loyalty program with over 120 million members, has been named the best hotel rewards program by readers of U. S. News & World Report, About.com, Business Traveler, Global Traveler, Executive Travel and BusinessWeek magazines. In 2018, it won the Freddie Award for “Best Hotel Rewards Program in the Americas” for the 11th consecutive year.
About TCOR Hotel Partners LLC – Project Partner
TCOR Hotel Partners have a combined hospitality investment experience of 85 years with over $5 Billion in hotels acquired and owned, more than $3 Billion in hotels developed and renovated as well as $3 Billion in hotel dispositions. TCOR has acquired and developed more than 350 hotels (45,000 guestrooms) in 39 states.
About Remington Lodging & Hospitality, LLC
Remington, founded in 1968, is a growing independent hotel management company with over 40 years experience in the hospitality business. Remington provides top quality service in the areas of property management and condominium hotel management with a successful track record. They currently have a portfolio that consists of more than 80 hotels and 15,000 rooms of full-service and select-service properties representing over a dozen brands across more than 20 states as well as the District of Columbia.