Hospitality

AWH Partners Buys 536-Room Westin Dallas Park Central Hotel

by Haisten Willis February 19, 2015

DALLAS — AWH Partners LLC, a privately held real estate investment, development and management firm, has acquired the Westin Dallas Park Central. AWH Partners’ plans to complete more than $20 million in renovations to the 536 rooms and 42,000 square feet of meeting and event space. Spire Hospitality will oversee the renovation of the property and manage operations under a franchise agreement with Starwood Hotels & Resorts. The Westin Dallas Park Central is near two, premier Dallas shopping destinations, NorthPark Center and The Galleria Dallas, and the Dallas Arts District. Dallas/Fort Worth International Airport and Dallas Love Field Airport are within 30 miles. The hotel features 42,000 square feet of event space within a total of 30 flexible meeting rooms. Amenities include a fitness center, an outdoor pool, complimentary transportation within a five-mile radius, a Café In The Park restaurant and a lobby bar.

February 19, 2015

Embassy Suites Opens New Hotel in Oklahoma City

by Haisten Willis February 18, 2015

OKLAHOMA CITY — Embassy Suites Oklahoma City Downtown/Medical Center is now open in Oklahoma City. The new hotel is the third Embassy Suites property in Oklahoma. The full-service hotel includes 195 two-room guest suites and more than 10,000 square feet of meeting space. There is an on-site restaurant, E.S. Founders, led by chef Andrew Black. OU E. Suites LLC own Embassy Suites Oklahoma City Downtown/Medical Center and Prism Hotels & Resorts manages the property. The hotel’s amenities include free made-to-order breakfast, a 24-hour fitness center and a business center. The hotel is located at 741 N. Phillips Ave. near downtown Oklahoma City.

February 18, 2015

Hospitality Northeast Pennsylvania

Optimum Hotel Brokerage Brokers Sale of 77-Unit Best Western Genetti Inn & Suites

by Amy Works February 18, 2015

HAZLETON, PA. — Optimum Hotel Brokerage has brokered the sale of the Best Western Genetti Inn & Suites, located at 1341 N. Church St. in Hazleton. A local hotel owner and operator purchased the 77-unit property for an undisclosed price. The hotel features wireless Internet in public areas, a heated outdoor pool, a 24-hour front desk staff, banquet and meeting facilities, a ballroom and business center. Joe McCann and Sabena Arora of Optimum Hotel Brokerage represented the seller in the transaction.

February 18, 2015

Hospitality Washington Western

Provenance Hotels, NBP Capital to Buy the Roosevelt Hotel in Seattle

by Nellie Day February 18, 2015

SEATTLE — Provenance Hotels and partner NBP Capital have agreed to purchase the 151-room Roosevelt Hotel in Seattle for an undisclosed sum. The hotel is located at intersection of 7th Avenue and Pine Street in the city’s Downtown region. The Roosevelt Hotel is situated across from the Washington State Convention Center, near the Central Business District, Pike Place Market and the waterfront. Provenance Hotels had owned the property with the seller, North Coast Washington LLC, since 1985. The property will continue to be affiliated with Coast Hotels for the next 60 days until Provenance Hotels assumes management. Provenance Hotels and NBP Capital are both headquartered in Portland, Ore. They are equal partners in the acquisition. The partners plan to bring a marquee restaurant to the Roosevelt Hotel, which originally opened in 1930. The pair also purchased the historic Woodlark and Cornelius buildings in Downtown Portland earlier this month.

February 18, 2015

Hospitality Midwest Minnesota

Carey Watermark Investors Acquires Westin Minneapolis for $66.4 Million

by Danielle Everson February 17, 2015

MINNEAPOLIS — Carey Watermark Investors Inc. has acquired the Westin Minneapolis hotel for $66.4 million. The full-service hotel includes 214 guestrooms and is located in downtown Minneapolis. The acquisition was financed with $43.5 million of debt. The Westin Minneapolis, originally built as the Farmers & Mechanics Bank building in 1942, formerly served as a bank hall and was repurposed in 2007 as the hotel’s lobby. The hotel features 34-foot vaulted ceilings, a marble staircase and wood-carved emblems signifying the leading industries of the World War II era. As part of the 2007 redevelopment, the adjoining office building was fully reconfigured to house the hotel’s guestrooms and meeting space. The hotel will continue to be managed by HEI Hotels & Resorts, a hospitality owner/operator that owns and manages 41 full-service, upper-upscale, luxury and premium select-service hotels and resorts throughout the U.S.

February 17, 2015

Hospitality New York Northeast

ARTIC Buys Majority Interest of The Manhattan at Times Square Hotel for $535M

by Amy Works February 16, 2015

NEW YORK CITY — Al Rayyan Tourism Investment Co. (ARTIC), the hospitality subsidiary of Al Faisal Holding Co., has purchased a 97 percent interest in The Manhattan at Times Square Hotel. Rockpoint Group, Highgate Hotels and a Goldman Sachs fund sold the interest for $535 million. Built in 1962, the 22-story hotel features 689 rooms and suites and commercial space. Situated at 790 Seventh Ave., the hotel covers an entire block and offers 900,000 square feet of potential development rights. Hodges Ward Elliott (HWE) represented the sellers in the deal. Additionally, HWE procured the acquisition financing, which was provided by Goldman Sachs, for ARTIC. Highgate Hotels will continue to manage the property.

February 16, 2015

Hospitality Oklahoma Texas

DoubleTree by Hilton Hotel Opens in Oklahoma City

by Haisten Willis February 13, 2015

OKLAHOMA CITY — The new DoubleTree by Hilton Oklahoma City Airport hotel is now open. Renovations on the 134-room, full-service hotel included updates to the design and furnishings throughout the lobby, guest rooms and public areas. Suenos LLC owns the hotel. HP Hotels, the same team that owns and operates Hilton Garden Inn North Quail Springs in Oklahoma City, manages the property. The hotel’s guest rooms feature HDTVs, a refrigerator and microwave and complimentary WiFi. Community amenities include an indoor heated pool and hot tub, 24-hour fitness center, business center, on-site parking and shuttle service to and from the airport. Three meeting rooms span more than 1,600 feet of event space. The hotel is located off I-40 and is four miles from Will Rogers World Airport (OKC).DoubleTree by Hilton Oklahoma City Airport is located at 4410 SW. 19th Street.

February 13, 2015

Hospitality Massachusetts Northeast

Westmont Hospitality Group Buys Battery Wharf Hotel in Boston

by Amy Works February 12, 2015

BOSTON — A partnership between Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group, has acquired Battery Wharf Hotel, which is part of a mixed-use development in Boston’s North End, for an undisclosed price. Located on the Boston Waterfront, the property features the 150-room hotel, the 13,000-square-foot Exhale Spa, a pocket Maritime Museum, a 24-hour observation deck and more than 15,000 square feet of retail and restaurant space. The buyers plan to upgrade the hotel with new facilities and services. The hotel features 6,000 square feet of meeting space, a fitness center and Aragosta Bar & Bistro. Additional terms of the transaction were not released. Located on the Boston Waterfront, the 150-room Battery Wharf Hotel features a Presidential Suite (pictured).

February 12, 2015

Hospitality Oregon Western

Embassy Suites Opens in Portland’s Silicon Forest

by Nellie Day February 10, 2015

PORTLAND, ORE. – A 165-room Embassy Suites has opened in Portland’s Silicon Forest neighborhood, which is known as a local tech hub. The hotel is located at 20001 NW Tanasbourne Drive. It is the first and only full-service hotel in the area. The Embassy Suites is owned by Hillsboro Hotel Partners II LLC, developed by Thackeray Garn Company LLC and managed by Western States Lodging and Management.

February 10, 2015

Hospitality Texas

M&M Arranges Sale of 89-Room La Quinta Inn & Suites in Northeast Texas

by Haisten Willis February 10, 2015

MOUNT PLEASANT, TEXAS — Marcus & Millichap has arranged the sale of La Quinta Inn & Suites, an 89-room hotel located in Mount Pleasant. Chris Gomes and Skyler Cooper of Marcus & Millichap’s Dallas office, along with Allan Miller of the firm’s San Antonio office, marketed the property on behalf of the seller, a Dallas-based company. Gomes and Cooper also procured the buyer, a private investor. La Quinta Inn & Suites is located at 1620 Rotan Road, near the intersection of West Ferguson Road and I-30. Built in 2008, the interior corridor, limited service hotel is less than six miles from the Mount Pleasant Municipal Airport. Recreational amenities at the hotel include an indoor swimming pool and spa, fitness facility and vending area. The hotel offers a fully equipped business center, meeting facilities and free wireless Internet access in all rooms.

February 10, 2015

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