PATERSON, NJ (May 25, 2010) - St. Joseph’s Healthcare System, MMC Worldwide, and the City of Paterson jointly announced the development of a new state-of-the-art hotel and parking structure to be constructed on the grounds of St. Joseph’s Regional Medical Center.

“The Medical Missions for Children (MMC) Hyatt Place Hotel at St. Joseph’s Regional Medical Center is the first select hotel in several decades to be built in Paterson, and the only major hotel in a five-mile radius.  The development of the hotel and parking structure is a tribute to the success of Paterson’s city-wide revitalization process,” said William A. McDonald, President and Chief Executive Officer of St. Joseph’s Healthcare System. “It is an economic stimulus project that will have a long-term positive impact on the City of Paterson and the region.  In addition, the hotel will provide facilities that will benefit St. Joseph’s patients, their families, our staff, and visitors to the City.”  Mr. McDonald is featured with (from left), Frank Brady, Founder and Chairman of MMC Worldwide; Jose “joey” Torres, Mayor of the City of Paterson; and Kenneth Morris, Jr., Councilman at Large, City of Paterson.

The 16-story MMC Hyatt Place Hotel at St. Joseph’s Regional Medical Center is made possible due to a partnership between MMC Worldwide, St. Joseph’s Healthcare System, and the City of Paterson.  The hotel will include a total of 130 standard hotel lodging and short-term stay apartments, condominiums, a conference/ special events center, dining facilities, a health club, a rooftop terrace, retail space, and more than 200 parking spaces within the structure. Conveniently located less than a half mile from Route 80, the hotel will be developed and owned by MultiMedia Concepts LLC, one of the operating companies under the MMC Worldwide umbrella, and operated by the Hyatt Corporation.   “It is a privilege for MMC Worldwide to participate with the leadership of the City of Paterson and St. Joseph’s Regional Medical Center in such a timely and relevant economic development project.  The hotel is certain to offer the type and quality of amenities that meet the needs of a variety of different traveler types – family members of patients at the regional medical center, business professionals, and tourists.  The new hotel will also serve as ideal venue for business conferences, wedding celebrations, banquets and the like,” said Frank Brady, Founder and Chairman of MMC Worldwide.  He also added that “of great significance is that the proceeds from the use of the MMC Hyatt Place Hotel will be used to support MMC’s charitable mission of improving medical outcomes for our world’s most critically ill children.”

In a separate, but adjacent project that is a component of St. Joseph’s Healthcare System’s master facilities investment plan, St. Joseph’s will build a new 1,120-space parking garage that will be located at the southeast end of the Paterson campus. This will complement the $170 million hospital expansion and renovation project at St. Joseph’s Regional Medical Center that began in 2008 and is scheduled for completion in 2012.  The St. Joseph’s parking garage project, scheduled to begin this summer, will precede the construction of the MMC Hyatt Place Hotel at St. Joseph’s Regional Medical Center. The parking garage project will take approximately 15 months.

“The City of Paterson is pleased to partner with St. Joseph’s Healthcare System and Medical Missions Worldwide to improve the quality of life for all who live, play, work and visit Paterson,” noted Paterson Mayor Jose “joey” Torres.  “There are many improvement projects visible in the City.  In the south end of Paterson, this includes the beautiful pocket park across the street from St. Joseph’s Regional Medical Center and the construction of St. Joseph’s new Critical Care Building.  The new MMC Hyatt Place Hotel at St. Joseph’s and adjacent parking structure are also essential components to the City of Paterson’s revitalization process.”

To learn more, visit www.StJosephsHealth.org.  Additional information regarding the hotel project is available at www.mmcworldwide.com/hotel.

About St. Joseph’s Healthcare System:

Founded in 1867 by the Sisters of Charity of Saint Elizabeth, Paterson’s first hospital has grown in size and scope of service to encompass St. Joseph’s Regional Medical Center, a major academic tertiary medical center and state-designated trauma center, and St. Joseph’s Children’s Hospital, an acute care state-designated children’s hospital, both located in Paterson, NJ; St. Joseph’s Wayne Hospital, an acute care community hospital and division of St. Joseph’s Regional Medical Center located in Wayne, NJ; St. Vincent’s Nursing Home, a long-term care facility located in Cedar Grove, NJ; Visiting Health Services, Inc., based in Totowa, NJ; and nearly two dozen ambulatory sites known collectively as St. Joseph’s Healthcare System. For more information, visit www.StJosephsHealth.org or call 877.757.SJHS (7547).

About MMC Worldwide:

MMC Worldwide is the umbrella organization for a collection of “for-profit” agencies that share a common goal - to channel their profits toward the mission of providing better medical care to our world’s sickest children and offering more affordable and accessible continuing medical education tools to the global healthcare community. MMC Worldwide’s charity of choice is Medical Missions for Children, a 501(c)(3) organization located in Paterson, New Jersey. For the past ten years, Medical Missions or Children has dedicated its resources toward the creation of the Global Telemedicine and Teaching Network (GTTN), a technology-driven communications platform that (1) allows U.S. doctors to ensure the proper diagnosis and treatment of over 35,000 sick children living 108 countries, and (2) permits foreign doctors free access to a digital library of medical research, as well as surgical and clinical education videos that address issues within all disciplines of medicine. To learn more about MMC Worldwide or Medical Missions for Children, visit www.mmcworldwide.com or www.mmissions.org.