Kingstown, RI – The foundations are being placed for the new TownePlace Suites by Marriott in the Quonset Business Park. The hotel is being built on a 4.6 acre site conveniently located across from The Shops at Quonset Point at the intersection of Gate Road and Route 403. Pro Con, Inc of Manchester, NH is the architect and construction manager for the $7.5M design build project which is being developed as part of the Gateway Parcel Master Development by New Boston Fund Inc of Boston, MA and Waterford Development of Needham, MA.
The developer has registered the 4-story, 103-key hotel with the US Green Building Council (USGBC) and intends to pursue certification under the USGBC’s LEED (Leadership in Energy and Environmental Design) program; making it one of the first LEED certified hotels in Rhode Island. Pro Con, Inc plans to use regional and recycled materials in construction and incorporate environmentally beneficial strategies in the hotel’s development and daily operations. The hotel will utilize a geothermal system for heating and cooling the 55,453-sf building.
“The foundations will be completed by the end of July and framing will begin in mid-August”, stated Pro Con, Inc’s project manager. “The hotel exterior will feature a brick veneer base with clapboard and smooth panel siding. We are on target for March 2011 completion date for the hotel.”
TownePlace Suites by Marriott, which is designed for the extended stay traveler looking for moderately priced accommodations, will offer complimentary continental breakfast and each suite will have separate working, lounging and sleeping areas. The studio, one and two bedroom-suites will also have kitchens equipped with a stovetop, microwave, refrigerator and coffee maker. On-site amenities will include a breakfast buffet area, indoor pool, fitness room, outdoor patio and guest laundry. Colwen Management of Nashua, NH will manage the new hotel when it opens next spring.
Waterford Development Corporation was formed as the development division of The Waterford Companies, and has developed over $200 million of real estate over the last 10 years using the real estate development and financial expertise of the principals, Richard N. Houlding and Robert E Shapiro. Waterford Development Corporation has combined the unique ability to design, develop, finance and lease both large and small commercial and residential properties.
New Boston Fund is an independent, privately owned, real estate investment manager and an industry leader in providing real estate investment, development and management services. New Boston has acquired commercial and residential properties with a cumulative market value of about $4.4billion, including 23 million square feet of commercial real estate and 7,500 residential units.