Welcome!

News Feed Item

Civitas Alternative Investments to Develop Four Hotels in Eagle Ford Shale

DALLAS, Aug. 14, 2014 /PRNewswire/ -- Civitas Alternative Investments ("Civitas"), a creator and provider of investment opportunities focused on targeted risk-adjusted returns, today announced that it is developing four Fairfield Inn & Suites by Marriott Hotels in the Eagle Ford Shale area of South Texas. 

The four hotels, representing a total of 352 rooms, will be built in the Eagle Ford Shale, the single largest oil and gas development in the world (based on capital invested).  In 2013, the Eagle Ford Shale represented over 25% of all oil and gas investment in the Lower 48 states and it is expected that over $100 billion will be spent developing the region over a four year period.  In addition, Eagle Ford development activities have generated more than 100,000 jobs in its 20 county geographic area. Crude oil production in the Eagle Ford Shale continues to increase, with June production reaching 1.4 million barrels per day, representing a 34% increase from June of 2013.

The four properties are being developed in Cotulla, Cuero, Pleasanton and Three Rivers, which are among the most active geographic areas for access, lodging and transportation in the Eagle Ford Shale region.   The hotels will be developed according to the newest Fairfield prototype model design incorporating a number of additional amenities that are important to local guests, including increased proportions of suites, game rooms, truck parking and expanded food and beverage offerings.   

"This is a really exciting development for our Alternative Investments division," said Civitas' Chief Executive Officer Dan Healy.  "The scale of the Eagle Ford Shale is remarkable, which makes the investment thesis for these hotels very compelling.  The hotels that we're developing will play a role in contributing to this economic growth.  I'm looking forward to capitalizing on the substantial long-term growth and development of emerging oil and gas communities in South Texas."

"We believe the ability to bring a Marriott brand such as Fairfield Inn & Suites to these expanding markets and serve the particular needs of the oil and gas community will allow us to be extremely successful with these developments," said Civitas' Managing Director David Perel.   "We expect that providing geographic diversification, focused customer service, and institutional level revenue and asset management will distinguish us as the Eagle Ford Shale continues to grow and evolve."

Construction on the first hotel began in May and all hotels will be completed by the third quarter of 2015.  Hyphen Construction is the general contractor and 5G Studios is the architect for all of the projects.  Pillar Hotels and Resorts will manage the hotels for Civitas.

About Civitas Alternative Investments

Civitas Alternative Investments is focused on strategies in real estate, tax credits and other alternative asset classes, with the goal of providing institutional and qualified individual investors boutique investment strategies that enhance diversification and alpha.

About Civitas Capital Group

Civitas Capital Group ("Civitas") is a specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Capital and Wealth Management. Civitas evaluates the truth that lies at the core of every investment. We dig deeper, using a rigorous process to evaluate investment opportunities from every angle.

For more information about Civitas, please visit www.civitascapital.com, follow us on Twitter at http://twitter.com/CivitasCG and http://twitter.com/CivitasEB5 or find us on LinkedIn at http://www.linkedin.com/company/civitas-capital-group.

About Fairfield Inn & Suites by Marriott

Fairfield Inn & Suites by Marriott is designed for today's traveler who is looking to be productive on the road, whether for business or leisure. In addition to complimentary Wi-Fi and breakfast, Fairfield Inn & Suites offers thoughtfully designed rooms and suites that provide separate living, working and sleeping areas. With more than 675 properties throughout the United States, Canada and Mexico, Fairfield Inn & Suites hotels participate in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the Fairfield Inn & Suites toll-free number at 800-228-2800, visit www.fairfieldinn.com or become a fan at www.facebook.com/fairfieldinnandsuites.

Visit Marriott International, Inc. (NYSE: MAR) for company information. For more information or reservations, please visit our website at www.marriott.com, and for the latest company newsvisit www.marriottnewscenter.com.

Safe Harbor Statement

All information provided herein is for informational purposes only and should not be relied upon to make an investment decision. This is neither an offer to sell nor a solicitation of any offer to buy any securities, investment products or investment advisory services.

For investor and media inquiries, please contact:

In the United States:

Civitas Capital Group
Estefania Flores
Tel: +1- 214-854-8575
Email: [email protected]

Ogilvy Public Relations
Justin Knapp
Tel: +1-616-551-9714
Email: [email protected]

 

SOURCE Civitas Capital Group

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...