Hospitality

Double-Tree-Suites-by-Hilton-Hotel-McAllen

DoubleTree by Hilton Opens New Hotel in Metro Dallas

by Haisten Willis June 2, 2015

MCALLEN, TEXAS — DoubleTree Suites by Hilton McAllen is now open. The property is a renovated nine-story, 262-room hotel located one mile from the McAllen International Airport. The former Embassy Suites hotel reopens following a $10 million renovation that includes updates to the lobby, atrium, restaurant, lounge, guest rooms, meeting rooms and indoor pool. DoubleTree Suites by Hilton McAllen is owned by Calmac Suites LTD and managed by Phoenix Hospitality Group. The hotel’s guestrooms include new furnishings, a microwave, mini refrigerator, coffee maker and two TVs. The hotel features more than 6,000 square feet of flexible meeting space, including six meeting rooms and one boardroom.

June 2, 2015

Hyatt Hotels Corp. Opens Hyatt Centric South Beach Miami Hotel

by John Nelson June 2, 2015

MIAMI BEACH, FLA. — Hyatt Hotels Corp. has opened Hyatt Centric South Beach Miami, a 105-room hotel in Miami Beach’s South Beach neighborhood. The property is the first Hyatt Centric in the region and only the second one worldwide. The 10-story hotel is located at 1600 Collins Ave. and features a central lobby lounge, local artwork, an indoor/outdoor lobby on the third floor, fitness center and an open-air deck with a swimming pool and cabanas. Hyatt Hotels developed the hotel in conjunction with Miami-based Robert Finvarb Cos. and its partner David Martins. Architect Kobi Karp designed the hotel.

June 2, 2015

Florida Hospitality Southeast

Carey Watermark Investors I, II Acquire Ritz-Carlton in Miami in JV Agreement

by John Nelson June 1, 2015

MIAMI — Carey Watermark Investors Inc. and Carey Watermark Investors 2 Inc., two non-traded REITs focused on the lodging/hospitality sector, have purchased a majority interest in The Ritz-Carlton Key Biscayne, Miami. The hotel features 302 resort guestrooms and 188 condo-hotel units, 174 of which currently participate in the resort rental program. The REITs purchased their share in the property as part of a joint venture agreement with an affiliate of GB Key Biscayne Holdings LLC, the original developer of the hotel. The hotel was recently renovated to include a new open-style marketplace café known as Key Pantry: Eat.Drink.Shop. The renovations also included upgrades to the lobby and RUMBAR, the hotel’s Havana-style bar/lounge.

June 1, 2015

Doubletree by Hilton Orlando at Sea World Orlando

Florida Hospitality Southeast

AWH Partners, Building and Land Technology Buy Orlando Resort

by John Nelson June 1, 2015

ORLANDO, FLA. — AWH Partners LLC and Building and Land Technology have purchased the 1,004-room Doubletree by Hilton Orlando at Sea World in an off-market transaction. The Orlando Business Journal reported that an affiliate firm of Atlanta-based UrbanAmerica Advisors LLC sold the hotel to the partnership for $55 million. The new ownership plans to renovate the hotel’s guest rooms, meeting space, public areas and resort grounds, as well as add 30,000 square feet of upgrade facilities and ballroom space for the hotel’s conference center. AWH Development will oversee the renovations and Spire Hospitality will manage operations under a franchise agreement with Hilton Worldwide. Located in Orlando near global attractions such as Sea World, Universal Studios Orlando and Walt Disney World, the resort features an upscale spa, lagoon pool, two children’s pools, kids’ lounge and game area, miniature golf course, putting green, recreation center and seven dining outlets.

June 1, 2015

California Hospitality Western

Strategic Hotels Sells Hyatt Regency La Jolla for $118M

by Nellie Day May 27, 2015

SAN DIEGO — Strategic Hotels & Resorts and its joint venture partner have sold the 417-room Hyatt Regency La Jolla for $118 million. The hotel was purchased by affiliates of Walton Street Capital LLC and JMA Ventures LLC. The hotel is located at 3777 La Jolla Village Drive. It is situated near a variety of healthcare, retail and dining services. Hyatt Regency La Jolla is located directly across the street from the UCSD Radiology at La Jolla center, the University Ambulatory Surgery Center and Pacific Lipo. Strategic Hotels formerly owned a 53.5 percent stake in the asset. The joint venture retired $89.2 million of debt secured by the hotel at closing. The company will use the proceeds from the sale to reduce outstanding debt on its revolving credit facility.

May 27, 2015

California Hospitality Western

Hotel Indigo Announces its Debut in Los Angeles

by Nellie Day May 27, 2015

LOS ANGELES — The City of Los Angeles is set to receive its first Hotel Indigo. The 350-room Hotel Indigo Downtown Los Angeles will be the flagship hotel at Metropolis, a more than $1 billion mixed-use development. Hotel Indigo is currently under construction and scheduled for completion in winter 2016. It will be located at 899 Francisco Street. The hotel was designed by Gensler. Its décor will feature narratives from Downtown LA’s past, including Fiesta De Las Flores, the glamorous pre-Hollywood nightlife scene and the underground speakeasies of the roaring ‘20s. Metropolis, which is also under construction, will feature three residential towers and a curated retail experience. It is owned by Greenland USA. The Hotel Indigo Downtown Los Angeles is owned by Greenland LA Metropolis Hotel Development LLC. It will be managed by an affiliate of IHG. The hotel is being developed by IHG and Greenland USA, a subsidiary of Shanghai-based Greenland Group. Though this will be the eighth IHG-branded hotel for Greenland Group, this will be the first time the companies have partnered together in the U.S. The Hotel Indigo brand also recently announced it will open its first Denver-area hotel inside Union Tower West, a 212,000-square-foot development, in …

May 27, 2015

Florida Hospitality Southeast

Pebblebrook Hotel Trust Acquires Resort, Private Club in Naples for $185.5M

by John Nelson May 26, 2015

NAPLES, FLA. — Pebblebrook Hotel Trust, a publicly traded hotel REIT, has purchased LaPlaya Beach Resort and LaPlaya Beach Club in Naples for a combined purchase price of $185.5 million. LaPlaya Beach Resort is a 189-room waterfront resort located on a six-acre tract of beach along the Gulf of Mexico and Vanderbilt Bay. The resort features 11,620 square feet of meeting space, a bar/restaurant, upscale spa, three outdoor swimming pools, 2,200-square-foot fitness center, seven-story parking garage, children’s aquatic and beach camp, watersport rentals and in-room dining. The private club has more than 800 active members and features a private dining room, private pool cabanas and a partnership with the LaPlaya Golf Course, which was not included in the acquisition. In addition to the resort and private club, the transaction includes the leasehold interest in a 23-slip marina on the Vanderbilt Bay side of the property. Daniel Peek, Max Comess, Chris Drew, Alexandra Lalos and Maxx Carney of HFF represented the seller, a partnership between affiliates of Noble House Hotels & Resorts Ltd. and Halstatt, in the transaction. Pebblebrook has retained Noble House Hotels & Resorts under a new operating agreement for the management of the hotel and private club.

May 26, 2015

Georgia Hospitality Southeast

HOS Management Breaks Ground on Hotel, Parking Garage in Downtown Savannah

by John Nelson May 26, 2015

SAVANNAH, GA. — HOS Management has begun construction on the new Fairfield Inn & Suites-Historic Savannah at 135 Martin Luther King Jr. Blvd. in downtown Savannah. The Savannah-based developer has also begun building a public parking garage located adjacent to the hotel. The hotel will feature 140 guest rooms and meeting space that can accommodate up to 385 people. HOS Management expects to deliver the hotel and parking garage in July 2016. The company is also in the design/development stage for a new Aloft hotel in Savannah’s Historic District and has a future hotel in the pipeline at 321 Montgomery St. in Savannah.

May 26, 2015

Miami Beach Convention Headquarter Hotel

Florida Hospitality Southeast

City of Miami Beach Selects Portman Holdings to Develop $405M Convention HQ Hotel

by John Nelson May 22, 2015

MIAMI BEACH, FLA. — The city of Miami Beach commission has selected developer Portman Holdings and architect John Portman & Associates to develop and design the $405 million Miami Beach Convention Headquarter Hotel. The selection allows for the city manager to negotiate the terms of the development and ground lease for the hotel. The 800-room hotel will feature several pools, a fitness center, spa, business center and multiple food and beverage outlets, including a café, full-service restaurant and rooftop lounge. Another feature of the hotel is a grand welcoming gateway at the main intersection of 17th Street and Convention Center Drive. The hotel development will not use any taxpayer dollars — Portman’s plan is 100 percent privately funded with both debt and equity sources. The design team includes local architect Revuelta Architecture International and landscape architect West 8.

May 22, 2015

Hospitality Northeast Pennsylvania

Philadelphia Hospitality Partners Sells Majority Interest of Ritz-Carlton Philadelphia

by Amy Works May 21, 2015

PHILADELPHIA — Philadelphia Hospitality Partners L.P. has sold a majority interest of the Ritz-Carlton Philadelphia to Carey Watermark Investors Inc. The 299-room hotel features 26,000 square feet of meeting space, two food and beverage outlets and the Richel D’Ambra Spa and Salon. The new owner plans to implement a comprehensive $21.3 million, or $71,000 per key, renovation of the property beginning in the third quarter. The Ritz-Carlton Hotel Company will continue to manage the property. Hodges Ward Elliott represented the seller in the transaction. Financial terms of the sale were not released.

May 21, 2015

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