CBL Properties & Vision Hospitality Group Officially Break Ground on Aloft by Marriott as Part of Hamilton Place Redevelopmen...
October 15 2019 - 9:00AM
Business Wire
CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc.
today announced that construction has commenced on the 135-room
Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears
redevelopment project at Hamilton Place. The new hotel marks the
brand’s entrance into the Chattanooga market.
“We are thrilled to begin the second phase of Hamilton Place’s
redevelopment project with the start of construction on Aloft by
Marriott by our partners at Vision Hospitality Group,” said Stephen
Lebovitz, chief executive officer, CBL Properties. “It’s remarkable
to watch the transformation that is occurring at Hamilton Place
since work began on the project earlier this year. As Aloft by
Marriott prepares to join other unique uses and brands, our vision
of creating a mixed-use, suburban town center for the Chattanooga
market is being brought to life.”
“For some time now we have been working to find an opportunity
to partner with our friends at CBL, and we are very excited to be
moving forward with the development of the Aloft by Marriott at
Hamilton Place,” said Mitch Patel, President & CEO, Vision
Hospitality Group. “Aloft by Marriott fosters innovative
experiences that align with the mission of the Hamilton Place
redevelopment, further demonstrating the area’s vibrant renewal. We
are so pleased to continue our relationship with both CBL
Properties and Marriott to introduce this brand to Vision’s
hometown of Chattanooga.”
Aloft Chattanooga Hamilton Place will be located between The
Cheesecake Factory and the future Dave & Buster’s. Additional
announcements will be made as plans are finalized.
About Vision Hospitality Group, Inc. Chattanooga-based
Vision Hospitality Group, Inc. is a leading hotel management and
development company with an unwavering commitment to quality and
integrity. Although the company’s roots date back to 1978, Vision
Hospitality Group, Inc. was officially formed in 1997 by President
& CEO Mitch Patel. Still family-owned and operated today,
Vision has a hotel portfolio and pipeline of premium select and
full-service hotels affiliated with the Hilton, Marriott and
InterContinental brands. To learn more about Vision Hospitality
Group, Inc., visit www.vhghotels.com, www.facebook.com/vhghotels
and www.twitter.com/vhghotels.
About Hamilton Place Hamilton Place offers more than one
million square feet of retail bliss inside the two-story mall.
Conveniently located off I-75, 12 miles from the heart of downtown
Chattanooga and 4 miles from the Chattanooga Airport, Hamilton
Place is the focal point of a 200-acre retailing complex that
includes Hamilton Corner, Hamilton Crossing, The Shoppes at
Hamilton Place and The Terrace. Throughout and surrounding the
center are five department stores, 30 eateries and more than 200
specialty shops. For more information, please visit
www.HamiltonPlace.com, find us on Facebook at
www.Facebook.com/HamiltonPlace or Twitter at @HamiltonPlaceTN.
Hamilton Place is owned and managed by CBL Properties of
Chattanooga, Tenn.
About CBL Properties Headquartered in Chattanooga, TN,
CBL Properties owns and manages a national portfolio of
market-dominant properties located in dynamic and growing
communities. CBL's portfolio is comprised of 108 properties
totaling 68.2 million square feet across 26 states, including 68
high‑quality enclosed, outlet and open-air retail centers and nine
properties managed for third parties. CBL continuously strengthens
its company and portfolio through active management, aggressive
leasing and profitable reinvestment in its properties. For more
information, visit cblproperties.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20191015005215/en/
Investor Contact: Katie Reinsmidt, Executive Vice President
& Chief Investment Officer, 423.490.8301,
Katie.Reinsmidt@cblproperties.com Media Contact: Stacey Keating,
Director of Public Relations & Corporate Communications,
423.490.8361, Stacey.Keating@cblproperties.com
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