Troutbrook's Fairfield Inn & Suites by Marriott opening this summer

The long-awaited opening of the Brooklyn Marriott Fairfield Inn and Suites is expected to take place in August. The new 12-story hotel is the newest sensation buzzing through hotelier circles, and requests made to book rooms for large group tours and event space at their 25' ceiling height Atrium are already being solidified. Troutbrook Company, a privately owned New York City-based real estate investment firm with a portfolio of residential and commercial properties throughout the U.S., has made its name and built its reputation by creating value through its proven acquisition, innovative property development, and active asset management. They were first awarded the contract in 2007 and broke ground on the project in 2008. As they were topping off the building in 2009, the economy took its toll on their bank which was taken over by the FDIC. With so many projects on hold throughout the city due to lack of financing, the odds were stacked against them. Marc Freud, a principal, was able to convince the FDIC that the project was unique, well situated, and profitable. As occupancy rates are starting to climb again, Freud is sure the asset will be in the top 10 hotels in Brooklyn. With Forest City Ratner finally breaking ground on the Nets Arena, just 5 blocks away, the Fulton Mall undergoing a $15 million streetscape reconstruction and many other new projects in the area, Downtown Brooklyn is emerging as a competitor in the NYC hospitality scene.