Beachwood, Ohio – October 15, 2012 – Groundbreaking began today for the construction of a four-story, 135-room Aloft Hotel at Chagrin Highlands, a master planned corporate community located at
I-271 and Harvard Road, which is being developed by The Richard E. Jacobs Group, Inc. and Scott Properties, a division of Tyco International LTD.

Aloft is an upscale select-service hotel brand by Starwood Hotels & Resorts Worldwide, Inc. It is scheduled to open during the third quarter of 2013.

“We are pleased to welcome Aloft Hotel into Chagrin Highlands,” said Douglas L. Miller, vice president of The Richard E. Jacobs Group.  “Aloft is a strong and unique high-end brand in the select service hotel market, which further enhances Chagrin Highlands as a dominant hub of commercial business activity in Northeast Ohio.”

Aloft joins a rapidly growing list of premier properties at Chagrin Highlands, including Eaton Corporation’s Eaton Center campus, University Hospitals Ahuja Medical Center, Lifetime Fitness, Marriott Hotels, two Chagrin Highlands office buildings, retail shops and restaurants.

About The Richard E. Jacobs Group LLC
The Richard E. Jacobs Group is one of the nation’s premier developers of commercial real estate with more than 50 years experience and is headquartered in Cleveland, Ohio. Its independent affiliate, Jacobs Real Estate Services, provides comprehensive brokerage, leasing and management services for owners of office buildings, specialized use facilities and mixed use developments. More information is available at www.JRESgroup.com.