REBusinessOnline

Hospitality

Cooper Carry Designs $175M Hilton-Branded Hotel in Downtown Norfolk

NORFOLK, VA. — Atlanta-based architect Cooper Carry has designed Hilton Norfolk at The Main, a $175 million hotel in downtown Norfolk. Located at 100 E. Main St., the 23-story hotel anchors the corner of Granby and Main streets and overlooks the Elizabeth River. The Main features three local, chef-driven restaurants; a rooftop beer garden and lounge; 300 guest rooms; 50,000 square feet of meeting and event space; and amenities including an indoor pool, game room and fitness center. Cooper..

September 25, 2017

Pyramid Management Opens New Embassy Suites by Hilton at Destiny USA in Syracuse, New York

SYRACUSE, N.Y. — Pyramid Management, as owner, has opened Embassy Suites by Hilton Syracuse Destiny USA, located at 311 Hiawatha Blvd. W in Syracuse. Situated at Destiny USA, a shopping, dining and entertainment destination, the hotel features 209 suites, 10,000 square feet of flexible meeting space, an indoor heated pool, fitness center, full-service restaurant and 24-hour convenience shop. Aimbridge Hospitality manages the hotel.

September 25, 2017

Three Restaurants, Hotel to Join 160,000 SF Retail Center in Metro Oklahoma City

YUKON, OKLA. — Hooter’s, Cheddar’s Scratch Kitchen and Arby’s will join The Market at Czech Hall, a 160,000-square-foot retail center situated along Interstate 40 in Yukon, about 17 miles west of Oklahoma City. The restaurants will occupy three different pad sites totaling about 2.2 acres. Along with the restaurants, a Sleep Inn hotel will also open on the property, which is owned by GBT Realty Corp., at various times in 2018.

September 25, 2017

Chatham Lodging Purchases 131-Room Hilton Garden Inn in Portsmouth, New Hampshire

PORTSMOUTH, N.H. — Chatham Lodging Trust has acquired Hilton Garden Inn Portsmouth Downtown for $43.5 million, or $332,000 per room. Located at 100 High St. in Portsmouth, the 131-room hotel opened in 2006 and recently underwent a full renovation. Island Hospitality Management will manage the hotel. The name of the seller was not released.

September 22, 2017

Axilla Capital Arranges $15.5M Loan for Hotel Near Orlando

KISSIMMEE, FLA. — Axilla Capital LLC has arranged a $15.5 million loan for The Royale Parc Suites Hotel, a 224-room hotel located in Kissimmee, roughly 20 miles south of Orlando. Joel Mazur and Tom Fleming of Axilla Capital represented the undisclosed borrower in the transaction. Proceeds of the loan were used to finance the property’s acquisition and fund the hotel’s impending upgrades. Constructed in 1988, Royale Parc Suites Hotel is currently operating as a Choice Hotels-branded..

September 22, 2017

NKF Arranges $74.8M Loan to Reposition Chicago’s Hard Rock Hotel

CHICAGO — Newmark Knight Frank (NKF) has arranged a $74.8 million loan for the repositioning of the Hard Rock Hotel located at 230 N. Michigan Ave. in Chicago. Property owner Becker Ventures and manager Aparium Hotel Group plan to reposition the property as the St. Jane Chicago hotel following the closing of the Hard Rock Hotel on Dec.1. The newly branded property is scheduled to reopen in spring 2018. The new name is a nod to social worker Jane Addams, who co-founded Chicago’s Hull..

September 22, 2017

Hospitality Properties Trust Purchases 300-Room Hotel in Charlotte for $44M

CHARLOTTE, N.C. — Hospitality Properties Trust has purchased Crowne Plaza Charlotte Executive Park, a 300-room hotel in south Charlotte, for $44 million. Chris Lingerfelt, Cyrus Vazifdar and Brent Bowman of HFF represented the undisclosed seller in the transaction. Constructed in 1983, Crowne Plaza Charlotte Executive Park underwent a renovation in 2014, which included upgrades to guestrooms, public areas and meeting space, as well as the hotel’s restaurant and bar. The hotel features a..

September 21, 2017

Home2 Suites by Hilton Opens in Dublin, Ohio

DUBLIN, OHIO — Home2 Suites by Hilton Columbus Dublin has opened in suburban Columbus. The 126-room, extended-stay hotel is owned by Dublin-based Crawford Hoying and operated by Shaner Hotels. Located at 5000 Upper Metro Place, the property features an indoor pool and two outdoor patio areas. The hotel also features a laundry and fitness area and complimentary breakfast. The chain is aggressively expanding throughout the Midwest and the rest of the country.

September 18, 2017

NewcrestImage Opens 226-Room Embassy Suites Hotel in Downtown Amarillo

AMARILLO, TEXAS — NewcrestImage has opened a 226-room Embassy Suites hotel in downtown Amarillo. The property features a mix of one-bedroom and studio suites; 18,000 square feet of meeting space, including a 10,000-square-foot ballroom; an indoor pool; and a restaurant and lounge. A 750-space parking garage was also delivered as part of the project. Construction began in October 2015.

September 18, 2017

PHG Purchases 135-Room Hotel in Green Bay

GREEN BAY, WIS. — Peachtree Hotel Group has acquired the Hampton Inn Green Bay Downtown in Green Bay for an undisclosed price. The 135-room hotel is located at 201 Main St. near Lambeau Field, home of the National Football League’s Green Bay Packers. Amenities include an indoor pool, fitness center, business center and meeting space. The seller was not disclosed.

September 14, 2017