STONY BROOK, NY, October 19, 2009 – “We have reached an agreement with Harbor Construction Management – a local developer – to build a 135-guest room facility on a parcel of land east of the University Administration building parking garage,” announced Stony Brook University President Samuel L. Stanley, Jr., M.D. Construction of the new hotel is expected to be completed approximately two years following initial groundbreaking. In final discussions with Hilton Garden Inn for hotel management, Harbor Construction Management will incur the cost of hotel construction. Stony Brook University will receive a $100,000 annual lease payment; an annual 3 percent escalation fee plus a minority equity share in the hotel will remain in the Stony Brook Foundation Realty (SBFR). All funds generated through the lease will stay on campus.

“The concept for a campus hotel has been under consideration for more than 20 years, and I am very excited to say that we will soon be able to offer this overnight guest accommodation service to the University community,” said President Stanley. “Our goal is to offer a comfortable accommodation to the many thousands of visitors we invite to and host at Stony Brook every year, and it will soon be a reality.”

The 11-acre parcel will feature landscape design in keeping with existing campus aesthetic, a dedicated parking area, and an entrance off Circle Road, just south of the Administration parking garage. The hotel will be LEED certified (Leadership in Energy and Environmental Design), featuring a brick exterior façade with a look similar to that of the Humanities building. Additionally, there will be energy efficient components built into the hotel operations (similar to that of the Advanced Energy Center at Stony Brook). It will also feature a 5,000 square foot meeting space, a restaurant, indoor pool, exercise room and sundry shop.

Stony Brook University hosts more than 500,000 guests and visitors every year, to such events and activities as the Stony Brook Film Festival, Parents & Family Weekend, Homecoming Weekend/Wolf Stock, commencement and convocation ceremonies, conferences, symposiums and dignitary visits and major athletic events such as the upcoming 2011 NCAA Women’s’ Final Four Lacrosse Championships. In addition, tens of thousands of patients treated at Stony Brook University Medical Center with family and friends visiting from eastern Long Island and others coming from long distances will find the on-campus hotel a welcome addition to the campus.

About Stony Brook University

Part of the State University of New York system, Stony Brook University encompasses 200 buildings on 1,600 acres. In the 50 years since its founding, the University has grown tremendously, now hosting nearly 24,000 students and 2,100 faculty. It is recognized as one of the nation’s important centers of learning and scholarship, with membership in the prestigious Association of American Universities, and is ranked among the top 100 national universities in America and among the top 50 public national universities in the country, according to the 2008 U.S. News & World Report survey. Considered one of the keystone campuses in the SUNY system, Stony Brook University is a driving force of the Long Island economy, with an annual economic impact of $4.65 billion, generating nearly 60,000 jobs. Stony Brook accounts for nearly 4% of all economic activity in Nassau and Suffolk counties, and roughly 7.5 percent of total jobs in Suffolk County.

About Harbor Construction Management

Harbor Construction Management is a construction management firm which has recently completed the North Shore Professional Center, a 100,000 square-foot professional complex in Port Jefferson. The 10-acre complex includes ample parking, an on-site Bank of Smithtown branch, and plans for adding food services as well as walking/jogging trails. Harbor Construction is owned by Stony Brook University Alumnus, Dr. Robert J. Frey, (SBU ‘87 PhD Applied Mathematics and Statistics), who’s Chief Operating Officer and Head of Construction, Mr. Frank Toner, is also a Stony Brook University alumnus (SBU ’79 MS Industrial Management).

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