NASHVILLE, TENN. — InterContinental Hotels Group (IHG) has opened the first Hotel Indigo property in Tennessee. The 11-story Hotel Indigo Nashville West End features 139 rooms and seven suites. The boutique hotel is located at 1719 West End Ave., approximately one mile from downtown Nashville. Amenities include The Golden Bean restaurant, Phi Bar, meeting space and a fitness studio. The property is owned by 1719 West End Holdings and managed by Wesley Hotels & Resorts.
Hospitality
DAYTONA BEACH, FLA. — John Wickert of NAI Realvest has negotiated the $9.52 million sale of a 151-room Holiday Inn Express in Daytona Beach. Embassy Investments XI LLC, an affiliate of Ormond Beach, Fla.-based Elite Hospitality, acquired the property from Destin, Fla.-based Indigo Lakes Resorts. The hotel is located at 2620 W. International Speedway Blvd. near Interstate 95. The buyer plans an approximately $1 million upgrade to the building’s interior.
CAMBRIDGE, MASS. — HEI Cambridge, an affiliate of HEI Hotels & Resorts, has agreed to acquire the 210-room Hotel@MIT from University Park Phase II Limited Partnership, a joint venture between Forest City and MIT. Located at 20 Sidney St. in Cambridge, the luxury full-service hotel anchors University Park at MIT. The hotel features 15,000 square feet of conference and meeting space and a range of amenities. Completion of the transaction is expected at year-end. MIT will continue its ownership of the land. The sale was brokered by Jones Lang LaSalle Hotels. The sale price was undisclosed.
BETHESDA, MD., AND ARLINGTON, VA. — The Donohoe Companies has broken ground on two hotel properties in Bethesda and Arlington that represent more than $119 million in project costs. The Hilton Garden Inn – Bethesda will be a 13-story, 216-room property. It will be a part of the Air Rights Center and is scheduled to open in 2009. The Residence Inn by Marriott – Arlington Courthouse will be a 176-room, extended-stay hotel that will also include street level retail space. It will be located above the Courthouse Metro Station and is scheduled to open in 2009.
NEW YORK CITY — Gemini Real Estate Advisors has acquired the 78-room Times Square Comfort Inn in Manhattan, New York City, from M & R Hotel Times Square, LLC, for $31.74 million. The select-service hotel is located at 305 W. 39th St., between 8th and 9th Ave., near New York City’s midtown corporate district and main tourist attractions.
LAFAYETTE, LA. — Rahul Bijlani and Ajay Dhingra of Marcus & Millichap’s Houston office have represented a New Jersey-based private investor in the sale of a Ramada Inn, located at 120 E. Kaliste Saloom Rd. in Lafayette. Bijlani and Dhingra also secured a Louisiana-based LLC to acquire the asset.
BURLINGTON, N.C. — Matt Winston of The Mumford Company’s Newport News, Va., office and Randy Lee of The Mumford Company’s Dallas office have facilitated the $1.2 million sale of Corporate Suites of Burlington. Corporate Suites of Burlington LLC sold the hotel property to Maniba. The purchaser plans to continue to operate the property as an extended stay hotel under the name Corporate Suites.
LOS ANGELES — Jones Lang LaSalle Hotels, on behalf of San Diego-based Pacifica Companies, has completed the sale of the fee-simple interest in the Radisson Hotel at Los Angeles International Airport to Chicago-based Harp Group for $93 million. Located at the intersection of West Century and Sepulveda boulevards in Los Angeles’ LAX submarket, the 580-room hotel features 22 suites, 42,000 square feet of meeting space, a 14,000-square-foot ballroom, four food/beverage outlets, including Palmira Bar & Grill, an outdoor pool and multiple retail tenants. After closing the transaction, Chicago-based Portfolio Hotel & Resorts will assume management of the property.
BURLINGTON, VT. — Rich-Burlington Hotel, LLC has purchased the Doubletree Hotel in Burlington from Lodging North for $17.5 million. The 163-room hotel features 32 suites, 9,000 square feet of conference space and the 125-seat Trader Dukes restaurant. The hotel, situated off Interstate 89, will undergo a product improvement plan. Jim O’ Connell and Tom Foley of O’Connell Hospitality Group represented the seller and introduced the buyer in the transaction.
Older Posts