Hospitality

Red River Street Canopy Walk to Connect Fairmont Austin with Austin Convention Center

by Haisten Willis September 14, 2016

AUSTIN, TEXAS — Manchester Texas Financial Group, the developer of the Fairmont Austin, has unveiled a design that will be built between the hotel and Austin Convention Center. Known as the Red River Street Canopy Walk, the 33-foot elevated connection will enable Fairmont Austin hotel guests and the public to cross Waller Creek while traveling to and from the second level of the Austin Convention Center. The walkway will also be publicly accessible from the Waller Creek Trail and streets below. Construction recently began on underground infrastructure for the project. Work on the above-ground connection is slated to start in early 2017 and wrap up in May 2017. Manchester Texas Financial worked with the Waller Creek Conservancy to create the concept. New York-based Thomas Phifer and Partners designed the walkway. Austin-based dwg. is serving as the local landscape architect, and Big Red Dog is the project’s civil engineer.

September 14, 2016

Hospitality Midwest Wisconsin

Marcus Hotels to Add Villas to Grand Geneva Resort in Wisconsin

by John Nelson September 14, 2016

LAKE GENEVA, WIS. — Marcus Hotels & Resorts, a division of The Marcus Corp., plans to add 29 all-season villas to the Grand Geneva Resort & Spa in Lake Geneva. The resort features 355 guest rooms, as well as 225 suites at Timber Ridge Lodge & Waterpark. Villa guests will have access to all the amenities of the resort in addition to their own outdoor swimming pool during the summer and six fire pits. The villas will feature studio, one-, two- and three-bedroom floor plans with a kitchen, fireplace, flat screen TV and a washer and dryer. Half of the villas will be available beginning in March 2017, and the remaining units will be open by June 2017. The 1,300-acre Grand Geneva Resort features two championship golf courses, The Mountain Top ski and snowboard facility, horseback riding, three restaurants and 62,000 square feet of meeting and convention space.

September 14, 2016

Hospitality Mixed-Use Multifamily Texas

Gables Residential to Develop Gables Republic Square Mixed-Use Project in Austin

by Haisten Willis September 13, 2016

AUSTIN, TEXAS — Gables Residential plans to develop Gables Republic Square, a 24-story, Class A mixed-use residential and hotel project in downtown Austin. HFF arranged joint venture equity for the project through The Carlyle Group on behalf of Gables Residential. Due for completion in early 2019, Gables Republic Square will be located at 400 Lavaca St. and will include 221 residential units, along with a separately owned, 159-key Hotel ZaZa. The residential component will feature a ground-floor lobby with residential units located on floors 13 through 24. The Hotel ZaZa lobby, valet, bar and spa will occupy the ground floor, while the hotel ballroom, restaurant and swimming pool will be located on floor seven and guest rooms on floors eight through 12. Floors two through six of the property will be reserved for residential parking, and two levels of subgrade parking will be reserved for the hotel. The residential units will feature granite or quartz countertops, stainless steel appliances, in-unit washers and dryers, wood or wood laminate flooring and balconies. Residents will have access to a rooftop amenity area featuring views of the city, as well as a swimming pool, hot tub, outdoor kitchen, fireplace, clubroom, library and fitness center.

September 13, 2016

Florida Hospitality Southeast

PRISA, Peachtree Hotel Group to Develop Three Hotels in Florida

by John Nelson September 13, 2016

ORLANDO AND TAMPA, FLA. — The PRISA Group and Peachtree Hotel Group have partnered to develop three hotels in Florida, including a dual-branded hotel development in Orlando and a new hotel in Tampa’s Westshore district. The properties include the dual-brand SpringHill Suites by Marriott Orlando/Mall at Millenia and Residence Inn by Marriot Orlando/ Mall at Millenia and the 175-room AC Hotel by Marriott Tampa/Airport – Westshore. The dual-branded project will feature 120 SpringHill Suites rooms, 134 Residence Inn rooms, a resort-style pool with a bar, game area with large board games and a lounge with water and fire features. Other amenities will include complimentary breakfast, a 24-hour market, lobby bar, complimentary Wi-Fi, fitness center and two meeting rooms totaling 1,600 square feet. Amenities at the AC Hotel in Tampa include a market, two media salons, business/social events room, 900-square-foot fitness center, pool and pool bar, complimentary Wi-Fi and 2,300 square feet of meeting space. The properties are currently under construction with a planned opening date of December 2017. Marriott Corp. will manage the three hotels. The construction is being conducted by a partnership between PRISA Group and Orlando-based Welbro Building Corp. Miami-based Popular Community Bank provided construction financing for the …

September 13, 2016

Hospitality Southeast Tennessee

HREC Brokers $31.6M Sale of Holiday Inn Nashville Airport Hotel

by John Nelson September 12, 2016

NASHVILLE, TENN. — HREC Investment Advisors has brokered the $31.6 million sale of the Holiday Inn Nashville Airport, a 383-room hotel located in Nashville. The hotel is situated two miles east of Nashville International Airport and eight miles from downtown Nashville. An affiliate of Fairwood Capital LLC purchased the hotel from FelCor Lodging Trust. Monty Levy, Bill Murney and Scott Stephens of HREC represented FelCor in the transaction. Fairwood Capital plans to rebrand the hotel.

September 12, 2016

Hospitality New Jersey Northeast

Inspira Health Network Selects Skanska USA to Build $350M Hospital in New Jersey

by Amy Works September 9, 2016

HARRISON, N.J. — Inspira Health Network has selected Skanska USA to build its new $350 million Gloucester County hospital in Harrison. The five-story, 204-bed hospital will be the fourth in-patient facility for the South Jersey health system, which has medical centers in Vineland, Elmer and Woodbury, N.J. Inspira purchased the land for the new hospital from Rowan University in an $11.5 million deal, which was finalized in March. The new hospital will include the construction of a main patient tower with operating rooms, an emergency department, imaging suites, as well as administrative, dining and support services. Additionally, the project will include building a new central utility plant that will provide electrical power, heating/hot water and chilled water to the new hospital. Project members include Array Architects and Leach Wallace Associates. Construction is slated to begin during the first quarter of 2017, with completion expected by December 2019.

September 9, 2016

Hospitality Texas

CBRE Hotels Arranges Sale of Holiday Inn Houston Southwest-Sugar Land Area

by Haisten Willis September 9, 2016

HOUSTON — CBRE Hotels has arranged the sale of the Holiday Inn Houston Southwest-Sugar Land Area, a 207-room, full-service hotel in Houston. The property is located at 11160 Southwest Freeway and went through a major renovation in 2015. The property features more than 6,800 square feet of flexible meeting/banquet facilities. Michael Yu, Rahul Bijlani, Eric Guerrero and Agrama Mannapperuma of CBRE Hotels’ in Houston represented the seller, K&K Hotel Group, and the buyer, Prime Real Estate Group. Marc Sallette and Olga Lepow of CBRE Hotels’ debt and structured finance team arranged acquisition financing on behalf of the buyer.

September 9, 2016

Hospitality Midwest Ohio

MCR Development Completes Renovation of Homewood Suites by Hilton in Cincinnati Suburb

by Amy Works September 9, 2016

MILFORD, OHIO — MCR Development, a hotel owner-operator, has completed the renovation of Homewood Suites by Hilton Cincinnati-Milford, a 76-room, select-service hotel located at 600 Chamber Drive in Milford. The newly remodeled hotel was updated as part of Hilton’s design initiative and multi-faceted brand enhancement program that focuses on updating dining and lounging areas, as well as introducing new brand standards. The hotel’s dining area now features new and modern furniture, flooring and lighting, and the business center was redesigned to create an inviting work space for guests. Additionally, the hotel now features an outdoor kitchen and lounge complete with a grilling area and comfortable seating.

September 9, 2016

Florida Hospitality Loans Southeast

Meridian Capital Arranges $56.1M Construction Loan for Dual-Branded Hotel in Downtown Fort Lauderdale

by John Nelson September 7, 2016

FORT LAUDERDALE, FLA. — Meridian Capital Group has arranged $56.1 million in construction financing for the development of a new dual-branded hotel located at 299 N. Federal Highway in downtown Fort Lauderdale. The property is slated to contain both a 209-room Tribute Portfolio hotel, named The Dalmar, and a 114-room Element by Westin hotel, both brands of Starwood Hotels and Resorts Worldwide Inc. The 23-story property will feature a rooftop lounge, sky lobby, infinity pool, gym, landscaped deck with a garden relaxation area, approximately 24,000 square feet of meeting space, coffee bar, restaurant, roughly 4,000 square feet of retail space on Northeast 3rd Street, as well as a 212-space parking garage. Ronnie Levine and Aggelos Sklavenitis of Meridian Capital’s New York City headquarters arranged the four-year construction loan with full-term interest-only payments through Bank of the Ozarks on behalf of the borrowers, Wurzak Hotel Group and DoveHill.

September 7, 2016

Hospitality Texas

Gatehouse Capital to Develop $72M Hotel in Odessa

by Haisten Willis September 7, 2016

ODESSA, TEXAS — Dallas-based Gatehouse Capital has finalized agreements with the city of Odessa and Eofficial Enterprises to develop a seven-story, 219-room Marriott hotel with a 67,500-square-foot conference center, 323-space parking garage and 27,000-square-foot plaza. Gatehouse Capital also plans to refurbish the historic Ector Theater, originally built in 1951. The Gatehouse team includes general contractor UEB Builders, architect RTKL, hotel operator Aimbridge Hospitality, hotel brand Marriott Hotels and Resorts and structural engineer DCI. Construction is expected to begin in March 2017 and last for 18 months. Founded in 1997, Gatehouse Capital is a national real estate investment and development firm that has launched mixed-use developments such as the W Hollywood Hotel and Residences and W Dallas Victory Hotel and Residences.

September 7, 2016

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