Harvey, Hanna & Associates, Inc. Announces Development Plans for SpringHill Suites by Marriott in Newark, Delaware

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Harvey, Hanna & Associates, Inc. and Danneman Hospitality of Newark, DE are Pleased to Announce the construction of a new SpringHill Suites by Marriott at 400 Ogletown Road in Newark, DE. Groundbreaking for construction of this new 125-room and suite contemporary hotel is anticipated by Summer 2016.

Rendering - Springhill Suites, Newark, DE

“This unique location is an ideal fit for SpringHill Suites to capture the best of downtown Newark, the University of Delaware, and the rapid expansion of high-tech enterprises locating in this area,” stated George Danneman, President.

Harvey, Hanna & Associates, Inc. and Danneman Hospitality of Newark, DE are pleased to announce the construction of a new SpringHill Suites by Marriott at 400 Ogletown Road in Newark, located at the intersection of Kirkwood Highway (Route 2), Library Avenue (Route 72), and Ogletown Road (Route 273). Groundbreaking for construction of this new 125-room and -suite contemporary hotel is anticipated by Summer 2016, with a target opening in May 2017.

The award-winning SpringHill Suites by Marriott is designed for style, space, and attractive pricing for the stylish business traveler. The SpringHill Suites guest is a frequent business traveler focused on both success and convenient indulgences. These indulgences include a complimentary breakfast, indoor pool, fitness center, complimentary WiFi, business library, market and vending area, and lobby lounge for hotel guests and visitors.

The new SpringHill Suites by Marriott will be the first of this brand in the Delaware market. The hotel will be owned by Danneman Hospitality and managed and operated by TKo Hospitality (a Harvey, Hanna & Associates, Inc. affiliate).

After taking Dannemann Fabrics public and selling it around 1980, the family invested in commercial real estate in Delaware and the region and has been managing it since then. In particular, this site was home to the original Dannemann Fabrics. When presented with the opportunity to redevelop this location, it quickly became clear it is the ideal location for a hotel and restaurant combination.

“I have known and respected the Danneman Family my entire life and look forward to their latest significant contribution to the City of Newark and State of Delaware,” stated Governor Jack Markell. “In particular, we celebrate this project, with 30 new jobs projected, reflecting growth at the University of Delaware and Newark’s popularity as a special destination,” Markell added.

“SpringHill Suites by Marriott is a highly-regarded addition to our community at an important Main Street gateway, and we look forward to learning more about this project,” stated Newark Mayor Polly Sierer.

“This unique location is an ideal fit for SpringHill Suites to capture the best of downtown Newark, the University of Delaware, and the rapid expansion of high-tech enterprises locating in this area,” stated George Danneman, President. “My family is excited to enhance the Gateway to Main Street with this award-winning hotel by Marriott.”

TKo Hospitality Management selected to operate the SpringHill Suites, is a Newport-based hospitality management company formed in 2015 by venture partners E. Thomas Harvey, III, chairman and founder; Kostas Kalogeropoulos, chief executive officer; and Vince DiFonzo, chief operating officer. TKo specializes in hospitality management, developing true client partnerships while delivering exceptional results of profitability, market share, guest satisfaction, and increased asset value.

“We are excited to be part of this new project in the growing Newark market, and to showcase the SpringHill Suites brand to guests visiting the University of Delaware, local attractions and area corporations,” stated Vince DiFonzo, TKo Management.

TKo, an affiliate of Harvey, Hanna & Associates Inc., currently operates The Lighthouse Cove Resort in Dewey Beach, DE, encompassing a 130 room Hyatt Place Hotel, Baycenter, Lighthouse Restaurant, and Que Pasa Mexican Restaurant; The Surf Club Hotel in Dewey Beach; and serves as Asset Manager for The Holiday Inn Inner Harbor, Baltimore, MD. Additional TKo prospective projects include five new hotels in the region, including the Lehigh Valley and eastern shore of Maryland.

Additional information on the SpringHill Suites by Marriott project, including a contiguous restaurant to be part of this new project, will be announced in the coming weeks. DSM Commercial Real Estate Services of Newark has been retained by Danneman Hospitality to manage leasing efforts of the planned restaurant pad site.

For further information: Ryan Kennedy, 302-323-9300 Ext. 17, rkennedy@harveyhanna.com

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