Site Plan Approval allows the Inn at Bellefield to start construction in 2018 and will bring needed luxury accommodations to Dutchess County
Hyde Park, N.Y. (January 16, 2018) – Bellefield Development Partners, an affiliate of T-Rex Capital Group, LLC, and its partner The Shaner Hotel Group, one of the hospitality industry’s leading owner-operators of full- and select-service hotels, today announced that it has received a resolution from the Hyde Park Planning Board to grant conditional site plan approval for a 133-room soft branded Residence Inn in Hyde Park, NY. The Inn at Bellefield will be the initial vertical construction at the site located at the gateway to Historic Hyde Park, across from the Culinary Institute of America on Route 9 in Dutchess County. The Inn at Bellefield is the first of two hotels planned on the site to meet the demand for high quality lodging in Dutchess County while maintaining the area’s natural beauty. There are nearly 5 million visitors to Dutchess County each year and that number continues to grow year.
“We are thrilled to announce that 2018 will start the construction phase for Bellefield at Hyde Park,” said Tom Mulroy, Chief Executive Officer, T-Rex Capital Group LLC. “We are excited to have wide support for this project that promises to bring jobs, investments and tourists to Hyde Park.”
“This property is part of our long term strategy to develop high end properties close to university campuses and leisure destinations. This first of two properties will be affiliated with Marriott’s International Residence Inn brand” said Lance Shaner, Chairman & CEO, Shaner Hotel Group. “In addition our partnership with T-Rex Capital and Bob McCarthy (former COO, Marriott International) brings the high quality component to a sophisticated master plan.”
“The Inn at Bellefield ignites the site,” said Mike Oates, Managing Partner, Bellefield Development Partners. “We couldn’t be more excited to fill the need for quality lodging to help support the many tourism sites in the area. Dutchess County is home to many world-class tourism destinations include the FDR Presidential Library and Museum, The Walkway Over the Hudson, The Vanderbilt Mansion and Marist College, and The Culinary Institute of America to name a few. Bellefield is ready to take off.”
About Bellefield at Historic Hyde Park:
Bellefield at Historic Hyde Park is a $500 million dollar tourism destination proposed for development on Route 9 across from the Culinary Institute of America (CIA). Initial plans call for development of two hotels, a conference center, a freestanding signature restaurant, a spa, and culinary-based retail establishments. 58% of the site’s 339 acres will remain wooded and undeveloped with another 48 acres devoted to agricultural use to preserve the natural beauty of the site. Governor Cuomo’s Mid-Hudson Regional Council has selected Bellefield at Historic Hyde Park as a “Priority Project”. For real estate inquiries: moates@bellefielddevelopment.com.
About T-Rex Capital Group LLC:
T-Rex Capital Group LLC is an experienced privately held real estate firm. T-Rex has sourced and invested in proprietary transactions encompassing more than 11 million square feet with a gross asset value of over $2.5 billion. Its key executives average over 25 years of experience with more than $7 billion of investing and development experience. For more information, visit www.TrexCapitalGroup.com.
About Shaner Hotel Group:
Shaner Hotel Group is one of the foremost owner-operator companies in the hospitality industry with more than 50 hotel properties owned and managed across the U.S., Italy, and the Bahamas. New properties are constantly evaluated as the Shaner Hotel Group continues a conservative, yet opportunistic approach to growth. Shaner is an approved management company and franchisee of Marriott International, Inc., Hilton Hotels Corporation, Intercontinental Hotels Group, and Choice Hotels. For more information about the company and its divisions visit www.shanercorp.com.
For more information about Bellefield at Hyde Park and T-Rex Capital Group LLC, visit www.bellefieldhydepark.com.
Media inquiries: Contact Mike Oates at moates@bellefielddevelopment.com.
