WATERFORD, CT – June 6, 2003 --- The Holiday Inn in New London is completing a more than $3.5 million hotel renovation. Added features such as an indoor pool, high speed Internet access, a Grab n ’Go, and a new Outback Steakhouse on site, are aimed to meet the needs of today’s business and leisure travelers. The hotel is professionally managed by Waterford Hotel Group, a national hotel management firm operating 29 properties in 11 states.

The renovation project will transform the 61-year old hotel into a new property. The work on the 136-room hotel includes complete interior renovation including paint, wall vinyl, furniture, bathroom which included a new counter top and mirror, lights and fixtures. The Cascade’s Restaurant, Tailgator’s Lounge and meeting rooms, as well as registration and all public areas will also be completely remodeled.

The Holiday Inn in New London features Holiday Inn’s newest room décor package. All guest rooms feature either a king bed or two double beds, work desk, chair and lamp, arm chair, and full bathroom. Guests will enjoy the use of our new indoor pool, Jacuzzi and exercise room along with our current amenities. The addition of the Outback Steakhouse will offer our guests a choice when it comes to dinner options. Cascade’s Restaurant located at the Holiday Inn will continue to offer guests a full service menu for both breakfast and dinner.

The hotel is located just minutes away from CT College, U.S. Coast Guard Academy, Foxwoods, Mohegan Sun, Mystic Seaport, Aquarium, major businesses such as Pfizer, General Dynamics/Electric Boat, Sonalysts Studios, U.S. Sub Base and, of course, easy access to I-95.

Wolman Construction, based in Waterford, is serving as construction manager for the renovation project. Established in 1988, Wolman Construction has been honored with state or national construction industry awards every year since 1991. The company, under the direction of President Mark Wolman, has achieved steady growth in both commercial and custom residential construction based on a commitment to open, “no surprises” client communication, accessibility to company management and outstanding cost control.

Waterford Hotel Group, led by President Robert Winchester, has experience operating virtually every type of hotel property, including limited services properties, all-suite hotels, conference centers, and large full service and resort properties. The company’s approach to hotel development and operations is hands-on, and features frequent site visits and constant communication with customers and partners. Additionally, Waterford Hotel Group offers centralized accounting, financial reporting, strategic marketing, human resources, and day-to-day operations management systems to increase market share and profitability at all properties. For more information, visit the company’s website at www.waterfordgroup.net.