ALTAMONTE SPRINGS, FLA. — An undisclosed Georgia-based party has sold a 210-room Hampton Inn to a Tennessee-based investment group for $10 million. The property, which was built in 1993 and renovated in 2006, is located at 151 N. Douglas Ave. in Altamonte Springs. Douglas Dial of Marcus & Millichap’s Orlando, Fla., office and Jonathan Ruprai of the firm’s Denver office represented the seller. Jaimin Patel of the firm’s Tampa, Fla., office represented the buyer.
LINCOLN, NEB. — North Liberty, Iowa-based Kinseth Hospitality Corp. (KHC) and Omaha, Neb.-based Dial Realty Corp. have developed Hampton Inn & Suites – Northeast I-80, an 82-unit hotel located at the intersection of Interstate 80 and North 27th Street in Lincoln. The hotel features high-speed wireless Internet access, flat screen televisions, the Husker Meeting Room, the Lincoln Boardroom, an indoor pool, a fitness center and a business center. Additionally, KHC and Village Gardens Development Co. have opened a 91-unit Residence Inn, which is located at the intersection of Pine Lake Road and South 56th Street in Lincoln. Situated within The Marketplace at Village Gardens, the three-story hotel features The Gatehouse, which houses the hotel’s front desk; Hearth Room and The Market, a 24-hour self-service food and beverage area.
SAN ANTONIO — Two new Marriott-branded hotels have opened at The RIM, an 800-acre master-planned community located in San Antonio. The first hotel is the 131-suite Residence Inn San Antonio Northwest, which is located at 5707 Rim Pass Dr. The hotel features studio, one- and two-bedroom suites with fully equipped kitchens. Amenities include an outdoor swimming pool, an exercise room, a social room, a restaurant and 500 square feet of meeting space. The second hotel is the 124-room Courtyard San Antonio Northwest, which is located at 5731 Rim Pass Dr. The hotel features Courtyard's newly redesigned lobby and guest rooms. Amenities include 1,200 square feet of meeting space, an outdoor swimming pool with a whirlpool, a fitness center and a business center. Both hotels are owned and operated by Raleigh, North Carolina-based Concord Hospitality Enterprises.
CONROE, TEXAS — Houston-based Arch-Con Construction has completed a new Hampton Inn & Suites located in Conroe. The 105-room, 64,994-square-foot hotel is situated at 2242 Stoneside Rd. Hotel amenities include an outdoor swimming pool, a fitness center and a business center.
BATON ROUGE, LA. — Milton J. Womack Inc. has started work on the 48,000-square-foot Hotel Indigo Downtown Baton Rouge Riverfront, a 93-room renovation of the historic Hotel King. The $25 million property will be located at the intersection of Convention and Lafayette streets in Baton Rouge. Funding for the project was secured through Historic Tax Credits, private equity sources and New Market Tax Credits. Coleman Partners Architects designed the building, which will deliver late next year.
BLOOMINGTON, MINN. — Holiday Inn Bloomington Airport I-35, which is managed by North Liberty, Iowa-based Kinseth Hospitality Cos., is currently undergoing the Holiday Inn brand relaunch. The renovated the hotel now features improved signage, new outdoor lighting, landscaping, a redesigned lobby and reception desk, high-speed Internet access, an indoor pool, a whirlpool and Green Mill Restaurant & Bar. The guest rooms feature signature comfort bedding, four-function showerheads, granite vanities and 100 percent ultra soft cotton linens. The hotel is located at 1201 W. 94th St. in Bloomington.
CLEARWATER, FLA. — Fidelity Bank has sold a 50-room Econo Lodge in Clearwater to Debary Hospitality for an undisclosed price. The hotel, which was in foreclosure, will be rebranded as a Super 8. Ken Olipra of Clearwater-based Greene, Canfield, DeGeorge represented the seller.
KING OF PRUSSIA, PA. — HREC Investment Advisors has completed the sale of the Park Ridge Hotel, a 265-room hotel located in King of Prussia. The buyer, Philadelphia-based Wurzak Hotel Group, plans to eventually redevelop the hotel into two hotels, an Element and a Sheraton/Westin. Geoff Davis of HREC represented the seller, Starwood Hotels. The acquisition price was not disclosed.
LAKE FOREST, CALIF. — InterContinental Hotels Group (IHG) is opening Holiday Inn Irvine South/Irvine Spectrum, which is located at 23131 Lake Center Dr. in Lake Forest. The 148-room hotel features an outdoor pool and spa, a sundries shop with ATM, iPhone docking stations with radio alarms in each guestroom, Kem’s Restaurant and 900 square feet of meeting space. The hotel is owned and managed by SoCal Hospitality LLC under a license agreement with a company in IHG.
SAN ANTONIO — Phoenix Hospitality Group has announced plans to rebrand the Radisson San Antonio Market Square, a 250-room hotel located at 502 W. Durango Blvd., as a Doubletree by Hilton. Phoenix developed the hotel in 1992 and currently manages it. The company will complete an approximately $7 million renovation that will include new guest rooms, restaurant facilities and common areas. The renovated hotel will feature 20 oversized suites, 8,000 square feet of meeting space, a full-service restaurant with indoor and outdoor seating, a fitness center, concierge service, and an outdoor pool and hot tub. The hotel will remain open during construction and is slated for a spring 2010 completion.