Groundbreaking Ceremony Held for The Sheraton Georgetown Texas Hotel and Conference Center

(GEORGETOWN, TX) – Hines, the international real estate firm, along with joint venture partner Novak Brothers, recently held a groundbreaking ceremony celebrating the start of construction on The Sheraton Georgetown Texas Hotel and Conference Center in Georgetown, TX.

Dignitaries presiding at the ceremony included Congressman John Carter, Georgetown Mayor Dale Ross, select Georgetown and Williamson County officials, as well as representatives from Starwood Hotels, Hines and Novak Brothers.

The new Starwood-operated hotel will be a 196,284-square-foot, 222-room hotel located in the Summit at Rivery Park, a 32-acre mixed-use development located on Rivery Boulevard in Georgetown. The seven-story, four-star hotel will also include a 30,000-square-foot conference center and a three-level parking garage with 340 spaces.

The Sheraton Georgetown Texas Hotel and Conference Center will anchor the Summit at Rivery Park development by The Novak Brothers that will also include residential townhomes, shops and office space. The Summit at Rivery Park overlooks the San Gabriel River and provides direct access to the hiking and biking trails in Rivery Park.

Hines Director Andy Heard commented, “We are very excited to partner with Novak Brothers to enter the Georgetown hospitality market with the renowned Sheraton brand. Not only is it an outstanding location for hotel guests, the hotel and conference center will help meet the rising demand for high caliber lodging and meeting facilities in this rapidly expanding Austin suburb.”

Construction on the hotel and conference center will be complete summer 2016.

Hines has partnered with Starwood on the development of several other properties including The Westin Riverwalk, San Antonio, The Westin Galleria Dallas and The Westin Oaks Houston Hotel at the Galleria.

About Starwood Hotels

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with nearly 1,200 properties in 100 countries, and 171,000 employees at its owned and managed properties. We are a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and Element®. One of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG) allows members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates. Starwood also owns Starwood Vacation Ownership, Inc., a premier provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands.

For more information, please visit www.starwoodhotels.com.

About Novak Brothers

Novak Brothers is a residential and mixed-use builder in Georgetown, Texas, with a special focus on unique, memorable properties. Together, Jeff Novak, Jack Novak and Jim Cramer have led the creation, development and sales of successful residential and commercial properties across the U.S. and abroad. For more information, please visit www.novakbros.com.

About Hines

.

The Sheraton Georgetown Texas Hotel and

Conference Center Groundbreaking