Newark, Del. — Danneman Hospitality of Newark, has announced 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). The site was home to the original Dannemann Fabrics.
Groundbreaking for construction of thenew 125-room and -suite contemporary hotel is anticipated by summer 2016, with a target opening in May 2017.
The SpringHill Suites by Marriott is designed for style, space, and attractive pricing for the business traveler. It will be the first of this brand in the Delaware market. The hotel will be owned by Danneman Hospitality and managed by TKo Hospitality.
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.
“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 Gov. 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.”
TKo Hospitality Management, Inc., 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.
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.