X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWARK, DE-Options for hospitable long-term stay accommodations have just increased with the recent groundbreaking for a new Homewood Suites hotel property on College Ave. Hotel developer and owner the Buccini/Pollin Group has decided to erect the $7.5 million structure adjacent to its four-year-old, 155-room Embassy Suites Newark property. The two hotels will share a parking lot, as well as other amenities such as the TGI Friday restaurant attached to the Embassy Suites and its 10,000 sf of meeting space.

“We have been very successful with our Embassy Suites and there’s a long-term stay need with the University of Delaware nearby,” Buccini/Pollin associate Karl Wagner tells GlobeSt.com. “We are directly across from the school’s football field and other athletic facilities. There are about 20,000 students at the school and there’s a demand for hotel space just from the sporting events alone.” Upon completion, the six-story Homewood Suites will feature a business center, fitness center, indoor pool and outdoor barbecue area. The hotel will also benefit from an area that is surrounded by businesses such as fluoropolymer product developer WL Gore & Associates Inc. and Dupont Corp.

Buccini/Pollin affiliate PM Hospitality Strategies manages the Embassy Suites and will take on management duties for Homewood Suites, as well. “This is our first Homewood Suites and a strong complement to our other Hilton product, the Embassy Suites Newark,” Buccini/Pollin president Dave Pollin says in a statement. “We plan to take advantage of obvious synergies in purchasing and cross-marketing and a shared management team.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.