This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Civitas Alternative Investments To Develop Four Hotels In Eagle Ford Shale

DALLAS, Aug. 14, 2014 /PRNewswire/ -- Civitas Alternative Investments ("Civitas"), a creator and provider of investment opportunities focused on targeted risk-adjusted returns, today announced that it is developing four Fairfield Inn & Suites by Marriott Hotels in the Eagle Ford Shale area of South Texas. 

The four hotels, representing a total of 352 rooms, will be built in the Eagle Ford Shale, the single largest oil and gas development in the world (based on capital invested).  In 2013, the Eagle Ford Shale represented over 25% of all oil and gas investment in the Lower 48 states and it is expected that over $100 billion will be spent developing the region over a four year period.  In addition, Eagle Ford development activities have generated more than 100,000 jobs in its 20 county geographic area. Crude oil production in the Eagle Ford Shale continues to increase, with June production reaching 1.4 million barrels per day, representing a 34% increase from June of 2013.

The four properties are being developed in Cotulla, Cuero, Pleasanton and Three Rivers, which are among the most active geographic areas for access, lodging and transportation in the Eagle Ford Shale region.   The hotels will be developed according to the newest Fairfield prototype model design incorporating a number of additional amenities that are important to local guests, including increased proportions of suites, game rooms, truck parking and expanded food and beverage offerings.   

"This is a really exciting development for our Alternative Investments division," said Civitas' Chief Executive Officer Dan Healy.  "The scale of the Eagle Ford Shale is remarkable, which makes the investment thesis for these hotels very compelling.  The hotels that we're developing will play a role in contributing to this economic growth.  I'm looking forward to capitalizing on the substantial long-term growth and development of emerging oil and gas communities in South Texas."

"We believe the ability to bring a Marriott brand such as Fairfield Inn & Suites to these expanding markets and serve the particular needs of the oil and gas community will allow us to be extremely successful with these developments," said Civitas' Managing Director David Perel.   "We expect that providing geographic diversification, focused customer service, and institutional level revenue and asset management will distinguish us as the Eagle Ford Shale continues to grow and evolve."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs