Moody National Management Completes $3.4 Million Renovation Project
HOUSTON, April 16, 2015 /PRNewswire/ —Moody National Management announced today the completion of an extensive $3.4 million renovation of the Courtyard by Marriott Lyndhurst property; a property owned by Moody National REIT I, Inc. and managed by Moody National Management.
The top to bottom renovation overhauled all aspects of the Courtyard property including renovated guest rooms, a redesigned lobby as part of the Courtyard Refreshing Business design and the Bistro.
“Moody National Management and their renovation team captured the essence of what our guests expect from a Courtyard by Marriott with the recent renovations,” said Bret Esbrandt, General Manager of the Courtyard Marriott Lyndhurst. “Our newly renovated guest rooms and lounge-restaurant setting, display a modern, yet comfortable, flair.”
Well-positioned to meet room night demand, the Marriott Courtyard Hotel is located just six miles from New York City and is centrally located to the Meadowlands Sports Complex – MetLife Stadium, home of the New York Giants and the New York Jets. The hotel’s proximity to the New Jersey turnpike and the Meadowlands makes it a prime location for business and leisure travelers alike. Just 20 minutes from New York City via public transportation, the hotel provides guests an ideal location, along with reasonable rates in comparison to New York City hotel prices.
The 227-room Marriott Courtyard hotel opened in 1990. Located on three acres of prime real estate, hotel amenities include an indoor swimming pool, HDTV, in-room hospitality centers with refrigerators, and approximately 3,100 square feet of flexible meeting space.
Moody National REIT I, Inc., an entity of Moody National Companies, acquired the Lyndhurst property in September 2014, with Moody National Management taking over management operations at the time of purchase.
Upon acquisition, Moody National REIT I, Inc. and Moody National Management began an extensive property improvement plan to bring the hotel to the latest Courtyard by Marriott brand standards.
“Completing this multi-million dollar renovation showcases Moody National Management’s commitment to the Meadowlands area and the City of Lyndhurst. We are excited that this renovation has enabled us to continue to contribute to our community,” Esbrandt said.
About Moody National Management
Moody National Management is a separate entity from Moody National Companies. Moody National Management owns and manages 28 hotels and 3,556 guestrooms from select service to full service throughout the United States in top tier brands. Moody National Management has experience overseeing the management of 1352 apartment units, 350,000 square feet of office properties and 28 hospitality properties. Moody National Companies is a full service commercial real estate company inclusive of mortgage, development, realty and title divisions. Founded in 1996, Moody National Companies has managed over $2B in commercial real estate. For more information, visit www.moodynational.com.
