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August 24, 2017

EdR opens Sycamore Suites residence hall in ESU campus in US

Profits in the Irish hotel sector fell by 50% since 2007, putting the industry in an unstable position, according to a report by consultancy firm Horwath Bastow Charleton. The report also noted that room rates had dropped to the lowest levels since 1999. In 2009 the averag

Housing communities developer EdR has opened a new residence hall ‘Sycamore Suites’ on the campus of East Stroudsburg University of Pennsylvania (ESU) in East Stroudsburg, US.

Sycamore Suites is the last phase of a multi-phased development project led by EdR.

In 2012, the initial phase of the regenerated on-campus housing, Hawthorn and Hemlock Suites, was concluded.

ESU president Marcia Welsh said: "The opening of Sycamore Suites clearly demonstrates East Stroudsburg University's commitment to putting the needs of our students first."

The new 496-bed community features a mix of two and four-person suite configurations with built-in closets and carpets.

Each unit is air-conditioned and has a semi-private bathroom and kitchenette.

"The company is expected to add nearly $300m in assets to its owned portfolio this year, in addition to delivering nearly $100m in third-party developments."

Public spaces feature three full kitchens, computer labs, study rooms, a large lounge with a fireplace, laundry facilities, the internet, and Wi-Fi throughout the building.

EdR president Tom Trubiana said: "Modern, high-quality student housing is an important foundation to student success and retention.

"Working with universities to achieve their housing goals is an important part of EdR's legacy and we hope the students of East Stroudsburg enjoy everything this new housing has to offer."

The company is expected to add nearly $300m in assets to its owned portfolio this year, in addition to delivering nearly $100m in third-party developments.


Image: Sycamore Suites is the final phase of a multi-phased development project led by EdR. Photo: courtesy of PRNewsfoto/EdR.

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