Wednesday, March 30, 2005

LTD Management Company Opens Hyatt Place Richmond Airport Hotel is part of Forest City Enterprise's White Oak Village Development

LTD Management Company Opens Hyatt Place Richmond Airport Hotel is part of Forest City Enterprise's White Oak Village Development

A new 151-room Hyatt Place hotel opened today in Richmond, VA. The Hyatt Place Richmond Airport, located at 4401 South Laburnum Avenue in the Shops at White Oak Village, is two miles from Richmond International Airport, which accommodated nearly 3.5 million passengers in 2008 and features a new terminal dedicated in 2007. LTD Management Company, LLC, based in Chesapeake, developed and will manage the hotel.

Chesapeake, VA (PRWEB) May 21, 2009

A new 151-room Hyatt Place hotel opened today in Richmond, VA. The Hyatt Place Richmond Airport (http://richmondairport. place. hyatt. com/hyatt/hotels/place/index. jsp), located at 4401 South Laburnum Avenue in the Shops at White Oak Village (http://www. theshopsatwhiteoakvillage. com/), is two miles from Richmond International Airport (http://www. flyrichmond. com/), which accommodated nearly 3.5 million passengers in 2008 and features a new terminal dedicated in 2007. LTD Management Company, LLC (http://www. ltdmanagement. com/), based in Chesapeake, developed and will manage the hotel.

"The Hyatt Place Richmond Airport is for multi-tasking guests who want access to the latest technology in a casual atmosphere," said Malay Thakkar, Managing Partner for LTD. "We have blended contemporary décor with distinctive architecture and have chosen a location that is convenient to shopping, historical and cultural destinations as well as a NASCAR race."

Hyatt Place puts an emphasis on style and innovation. The common space, known as the Gallery features a self-registration kiosk, an intimate coffee and wine café, a TV den and an e-room with free access to a public computer and printer. Guests can enjoy a complimentary Continental breakfast, or they may purchase a variety of café quality items 24 hours a day, seven days a week via a touch screen menu in the Guest Kitchen or from the Guest Host. Starbucks® coffee is also available for guests to order.

The Hyatt Place Richmond Airport marks a new partnership forged between Global Hyatt and LTD Management. LTD is one of the first developers to develop Hyatt's new brand, Hyatt Place, from the ground up. The Hyatt Place Richmond Airport is the newest of 143 Hyatt Places around the United States.

This new development also highlights LTD's strategy of expanding its platform by partnering with large international real estate companies and developing institutional grade products in high barrier to entry, life style center markets. The Hyatt Place Richmond Airport is the first of four new projects developed in concert with Forest City Enterprises, a multi-billion dollar publicly traded real estate company listed on the New York Stock Exchange.

The Hyatt Place Richmond Airport is steps away from more than forty specialty shops and restaurants including Chick-fil-A, Cracker Barrel, Longhorn Steakhouse, Qdoba Mexican Grill, and Red Lobster. Located at The Shops at White Oak Village, a retail and lifestyle shopping center featuring national, regional and local retailers, a grocery store and restaurants, the Hyatt Place Richmond Airport is conveniently accessible to retailers such as Target, Ukrop's, PetSmart, and OfficeMax.

The Hyatt Place Richmond Airport is a convenient destination with complimentary shuttle service to and from Richmond International Airport. Guests at the Hyatt Place Richmond Airport are minutes away from Fortune 500 firms such as Phillip Morris, USA and Capital One, or Educational and Healthcare centers such as Virginia Commonwealth University, the University of Richmond, and the Medical College of Virginia. Guests can also take a day trip to historic sites and museums such as the Virginia Museum of Fine Arts, the Black History Museum and Cultural Center of Virginia, historic St. John's Church and the James River Plantations. The hotel is also minutes away from the Richmond International Raceway.

Hyatt Place ranked "Highest in Guest Satisfaction among Mid-Scale Hotel Chains with Full-Service" by J. D. Power and Associates. For more information or reservations, call the Hyatt Place Richmond Airport at 804-549-4865 or visit the web site at http://hyattplacerichmondairport. com (http://hyattplacerichmondairport. com).

About Forest City
Forest City Enterprises, Inc., is a multibillion dollar NYSE-listed national real estate company. The Company is principally engaged in the ownership, development, management and acquisition of commercial and residential real estate throughout the United States.

LTD Management Company, L. L.C., is an award-winning hotel development and management group headquartered in Chesapeake, VA. Since its inception in 1983, LTD has developed a reputation for creating an atmosphere "where distinction reigns." The company currently operates 29 full service and limited service hotel properties throughout Virginia and Maryland. LTD has been ranked a Top 100 Management Company in Hotel Business for 2008 and 2009. With the highest possible standards in mind, LTD prides itself with developing quality hotels under the franchise brands of Starwood, Marriott, Hilton, Hyatt and InterContinental. For more information, please visit www. ltdmanagement. com.

CONTACT: 
Jennifer O'Neal
Joneal(at)seventhpoint. com

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