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O'Brien Group, IHG Plan 118-Room Staybridge

LAFAYETTE, LA-The local developer signs a franchise pact with InterContinental Hotels Group to build the first Staybridge Suites in the city and second in the state.

By Connie Gore | Updated on November 16, 2007

LAFAYETTE, LA-The O’Brien Group has inked a franchise agreement with InterContinental Hotels Group to build the first Staybridge Suites in the city and second in the state. The $12.5-million project will break ground in the spring.

The locally based developer, operating with a 10-month construction schedule, will put the 118-key hotel on a three-acre tract in the 100 block of East Kaliste Saloom and Pinhook roads. “The site we’ve got to put the Staybridge on is in the heart of the business district,” says Sy Simpson, regional director of franchise sales for Atlanta-based InterContinental Hotels Group.

Robert Radomski, vice president of InterContinental’s extended-stay brand, adds that the driver for the site selection is Lafayette’s oil and gas market, with names like Houston-based ConocoPhillips and San Ramon, CA-headquartered Chevron Corp. and its Unocal Corp. to feed demand. “It’s a Who’s Who of the oil and gas arena. There’s a lot of development interest in Lafayette, not just hotels,” he tells GlobeSt.com. The Staybridge site also is just 1.5 miles from the airport and University of Louisiana campus.

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