Garfield Traub Development

Contractors to break ground on Lubbock’s Overton Hotel and Conference Center

LUBBOCK, TX — The City of Lubbock, Texas, will soon see activity at the corner of Mac Davis Lane and Avenue X in Overton Park as contractors break ground on Lubbock’s new Overton Hotel and Conference Center. An official ceremony will be held Wednesday, September 26th from 11 a.m. to 12 p.m. at the Corner of Avenue X and 6th Street in Overton Park. Plains Capital Bank, the construction lender, will be providing lunch after the groundbreaking ceremony from 12 p.m. to 1 p.m.

The hotel and conference center is a public/private partnership with the City of Lubbock being developed by Garfield Traub Development, LLC and to be operated by 1859 Historic Hotels, Ltd. “These world-class facilities will contribute greatly to Lubbock’s ability to attract state and regional meetings and conferences and are planned to maximize economic impact,” said Steve Moffett, President of Garfield Traub’s Hospitality Division.

Since first announcing plans for the complex, Garfield Traub and 1859 Historic Hotels say the project has grown considerably. The hotel will be 15 stories with 304 rooms, and the conference center nearly doubled to 47,600 square feet. The long- sought development of the truly first class, full-service hotel and conference center in the high-plains region of Texas is scheduled for completion by spring of 2009.

“From the number of floors and rooms to the conference center footprint and layout, it has all evolved to better fit the market profile and the needs of the City. This is now a $66 million development that the entire project team is excited to lead from groundbreaking to completion. We look forward to the grand opening of this incredible facility,” said Ray Garfield, Principal of Garfield Traub.

Guests will be greeted by a stunning lobby with 22-foot-high ceilings in the upscale, full-service hotel. Amenities will include a business center, fitness center, white tablecloth restaurant, bar and outdoor pool. An exquisite 11,400 square foot ballroom will be connected to the hotel and located along Avenue X to allow for ground-level courtyard access. The second level meeting rooms and executive board rooms will be accessed by a grand staircase connecting them to the ballroom level and hotel.

Garfield Traub, DLR Group and Turner Construction Company also worked together to complete the Overland Park Convention Center and Sheraton Hotel in Overland Park, Kansas. That hotel, which received the Design Build Institute of America (DBIA) 2003 National Award, was delivered ahead of schedule and substantially under budget in 2002.

Project Team
Hotel Owners
1895 Management Partners, LP
-A Limited Partnership between Gal-Tex Hotel Corporation and Garfield Traub Development.

Operator
1859 Historic Hotels; Galveston, TX

Developer
Garfield Traub Development, LLC; Dallas, TX and Las Vegas, NV

Architect of Record, Lead Design Firm/MEP Engineer
DLR Group; Overland Park, KS; offices nationwide

Contractors
Turner Construction; Dallas, TX; offices nationwide
Lee Lewis Construction; Lubbock, TX

Interior Design
Loewen Design Group; Phoenix, AZ

Civil Engineer
AMD Engineering; Lubbock, TX

For additional information on Lubbock’s Overton Hotel and Conference Center, call Penny Ramsey of DLR Group at 913-897-7811 or email pramsey@dlrgroup.com, or call Kathy DeCarlucci of Garfield Traub at 972-716-3841 or email kdecarlucci@garfieldtraub.com, or Terry Miller of MH&T Advertising at 409-741-5100 or email terry.m@mhandt.com.

About Garfield Traub Development
Garfield Traub Development, LLC is a national real estate development firm that uses innovative and cost–effective financing methods and turnkey development solutions tailored toward the requirements of public sector and institutional clients. The company offers a complete development solution that includes site identification and acquisition, zoning and entitlement, financing, investment, design and construction, leasing, management and asset management. Over the course of more than three decades, the principals and officers of Garfield Traub have developed more than 30 million square feet of all property types, and have financed more than $11 billion in debt and equity. The experience of Garfield Traub’s management team includes the development, financing and/or asset management of more than 40 hotels comprising more than 16,000 guestrooms, 1.3 million square feet of function space, and $2.5 billion of debt and equity under both private, public/private and public nonprofit ownership structures. For more information, please visit www.garfieldtraub.com.

About DLR Group
DLR Group provides full-service architecture, engineering and design services. The firm has over 570 employees in offices throughout the United States and specializes in a variety of project types including hospitality, corporate, sports, education and justice. Notable DLR Group projects include Overland Park Convention Center and Sheraton Hotel, Overland Park, Kan; Qwest Center Arena and Convention Center, Omaha, Neb; and Kansas Speedway, Kansas City, Kan. For more information about the firm, visit www.dlrgroup.com.

About 1989 Historic Hotels
1859 Historic Hotels has owned and operated hotels for nearly 100 years. The company portfolio includes over 2,500 guest rooms nationwide, in hotels ranging from a small 4-Diamond mountain resort to a state-of-the-art big-city conference center to an urban airport hotel to several restored historic landmarks. Based in Galveston, Texas, 1859 Historic Hotels takes its name from the year in which its oldest hotel, The Historic Menger, was built next to the Alamo in San Antonio.
Other properties include:

The Crockett Hotel, San Antonio
The Cliff House at Pikes Peak, Manitou Springs, Colorado
South Shore Harbour Resort and Conference Center, on Clear Lake between Houston and Galveston, Texas
The Brown Hotel, Louisville, Kentucky
The Hilton Houston Hobby Airport
Inn at the Waterpark in Galveston
Fredericksburg Hospitality House, Fredericksburg, Virginia
Inn of the Hills Resort and Conference Center, Kerrville, Texas
Y.O. Ranch Resort and Conference Center, Kerrville, Texas
Williamsburg Hospitality House, Williamsburg, Virginia
Mountain Lake Resort, in southwestern Virginia

One key to the company’s century of success has been its philosophy of allowing the unique character of each property to shine through. Through its operation of a diverse collection of properties, 1859 Historic Properties has learned there is no “cookie cutter” solution to hotel management; instead, the market dictates how a property meets the needs of its guests.