FORT LAUDERDALE, FLA. — Atlanta-based Urbana Investments has purchased the 159-unit Pelican Grand Beach Resort, located at 2000 N. Ocean Blvd. in Fort Lauderdale, from the original owner’s lender for $22.4 million. Miami Beach-based Boutique Hospitality Management will manage the 4-year-old property.
Hospitality
ALBANY, GA. — SAGU LLC has opened a 70-room County Inn & Suites, located at 2809 Nottingham Way in Albany. The building, which marks the first Country Inn & Suites in Albany, features an indoor heated pool, a hot tub, a sauna and an exercise room. Rooms include free wireless Internet, a microwave and a refrigerator. Atlanta-based Hotel Equities will manage the hotel.
PORT ARANSAS, TEXAS — Marcus & Millichap has brokered the sale of a Best Western hotel located at 400 East Avenue G in Port Aransas. Situates on 1.89 acres, the property contains 48 rooms. Michael Yu and Imran Haroon of Marcus & Millichap’s Houston office listed the property on behalf of the seller, a Texas-based private investor. Yu and Rahul Bijlani represented the buyer, a San Diego-based private investor. The acquisition price was not disclosed, but the property listed for $3.9 million.
LAKE BUENA VISTA, FLA. — Helman Hurley Charvat Peacock/Architects has been tapped to design an 11-story, 300-unit Embassy Suites Hotel in Lake Buena Vista for Sierra Land Group. Hotel amenities include an atrium restaurant, a lounge in the lobby, convention space and a resort-style pool. The hotel will be ready for business at the end of next year.
NORTH BAY VILLAGE, FLA. — Stephen Wechsler of Thomas D. Wood & Co. secured $7.5 million in financing for the Inn on North Bay, a 119-room Best Western Hotel and Shuckers Restaurant located at 1819 79th St. Causeway in North Bay Village. The 5-year loan was financed through a local bank at a fixed rate of 6 percent with a 25-year amortization. The loan will be used to renovate the 41-year-old property.
DENVER — Randy Lee with Mumford Company’s Dallas office represented Motel 6 and Accor Hospitality in the sale of the Motel 6 in Denver. The 5-story, 138-room hotel is slated to undergo a refurbishment, which will include re-imaging the hotel’s exterior. The property will continue to operate as a Motel 6 under a long-term license agreement. The buyer and acquisition price were not disclosed.
FRANKLIN, TENN. — Drury Development Corp. has purchased 13.86 acres, located on McEwen Drive in Franklin, from KMN Partnership and Franklin Realty Investors for $13.5 million. Drury will develop a 340-room Drury Plaza Hotel and 50,000 square feet of retail and restaurant space on the site. The sellers were represented by Tom McArthur, Jr., of Brentwood, Tenn.-based McArthur Sanders Real Estate.
CRANBERRY TOWNSHIP, PA. — Choice Hotels International has announced that a new Cambria Suites hotel will be constructed at 1740 Route 228 in Cranberry Township. Owned by Pittsburgh-based Templar Development, the hotel will feature 129 suites. Room amenities include two flat-screen LCD televisions, media hub technology, a CD/DVD player, mp3 jacks, and complimentary wired and wireless Internet access throughout the hotel. Hotel amenities will include a casual dining restaurant and coffee bar; a fitness center with an indoor pool and spa; a 24-hour convenience store; and more than 1,000 square feet of meeting space. The construction timetable was not disclosed.
COARSEGOLD, CALIF. — McCarthy Building Companies Inc. has completed the construction of the $100 million Chukchansi Gold Resort & Casino expansion project in Coarsegold. The expansion includes a 13-story hotel tower offering 214 luxury rooms and suites, a full-service spa, an indoor/outdoor pool, a restaurant, an arcade and administrative offices. The guestrooms and suites feature larger-sized rooms, granite countertops, plasma televisions, fireplaces, separate seating areas and jetted tubs. The 9,000-square-foot Serenity Springs Spa offers locker rooms, saunas, steam rooms, massage rooms, lounges, a fitness area and a salon. The hotel also features a 70,000-gallon pool with a swim-up poolside bar, and Nativo’s, a 4,000-square-foot Italian restaurant. The resort now offers 406 rooms and suites. St. Louis-based Thalden-Boyd Architects provided architectural services for the expansion. The resort and casino is owned by the Picayune Rancheria of the Chukchansi Indians.
SAN MARCOS, TEXAS — Springfield, Mo.-based John Q. Hammons Hotels & Resorts is nearing completion for the new Embassy Suites San Marcos – Hotel, Spa and Conference Center, located in San Marcos. The $50 million project will include 283 suites and more than 80,000 square feet of flexible meeting space in a 10-story building. Hotel amenities include an open atrium with a water feature, a restaurant, an Internet café, a fitness center, an indoor pool, a sundeck and the company’s signature Spa Botanica. The hotel and spa will be privately owned by John Q. Hammons and managed by John Q. Hammons Hotels & Resorts. The conference center will be owned by the city of San Marcos and managed by John Q. Hammons Hotels & Resorts. The hotel is expected to open in October.