DANBURY, CONN. — Marcus & Millichap has brokered the sale of the 112-room Comfort Inn & Suites hotel in Danbury, located in southern Connecticut’s Fairfield County. The hotel, which was previously operated as a Holiday Inn, was built in 1973 and offers amenities such as a fitness center, outdoor pool, business center and onsite laundry facilities. Jerry Swon of Marcus & Millichap represented the buyer and seller, both of which were private hotel operators that requested anonymity, in the transaction.
SAVANNAH, GA. — The Savannah-Georgia Convention Center Authority and global hotelier Hilton (NYSE: HLT) have broken ground on Signia by Hilton Savannah, a 444-room hotel situated adjacent to the Savannah Convention Center. The $398 million hotel project is expected to debut in mid-2028 and serve as the headquarters hotel of the 666,000-square-foot convention center, which underwent a $276 million expansion project that wrapped up in February. The Atlanta-Journal Constitution reports that the hotel project was “15 years and three false starts” in the making. The riverfront hotel will sit on Hutchinson Island across the Savannah River from the city’s historic district. The AJC also reports that the 403-room Westin Savannah Harbor is currently the only hotel within walking distance of the convention center. The Savannah-Georgia Convention Center Authority owns the hotel and is developing the project in partnership with the Georgia World Congress Center Authority, an Atlanta-based entity that also manages the Savannah Convention Center. The Georgia World Congress Center Authority recently collaborated with Hilton on the development of Signia by Hilton Atlanta, a 976-room hotel tower situated near the convention center, as well as State Farm Arena and Mercedes-Benz Stadium in downtown Atlanta. “Signia by Hilton Savannah’s signing and groundbreaking represents …
BATON ROUGE, LA. — Cushman & Wakefield has brokered the sale of the seven-story, 93-room Hotel Indigo located at 200 Convention St. in downtown Baton Rouge. Jesse Lastofsky, David Greenberg, Gabriel Shamay, Chris Passeggiata, Rick Redmond, Ely Silverstein and Craig Hey of Cushman & Wakefield represented the seller, an entity doing business as Project King LLC, in the transaction. A&R Development Co. acquired the hotel for an undisclosed price. The Hotel Indigo spans 46,676 square feet and offers an onsite fitness center, full-service restaurant and bar, complimentary Wi-Fi and pet-friendly accommodations.
MOUNT SUNAPEE, N.H. — Hideaway Inns has debuted its 55-room flagship property in Mount Sunapee, a ski resort town located near the Vermont-New Hampshire border. Hideaway Inn Mount Sunapee is located at the base of the mountain and offers amenities such as a library, gaming area, a putting green, coffee bar and a coworking space. Revival Hotels manages the property. Two additional Hideaway Inn properties are currently under development in Mount Snow, Vt., and Sugar Hill, N.H.
PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …
SOUTHLAKE, TEXAS — Locally based hospitality owner-operator NewCrestImage has completed the renovation of the 175-room Elmore Hotel in Southlake, located northeast of Fort Worth. The renovation of the four-story hotel, which originally opened in 2016, lasted about a year and carried a multimillion-dollar price tag. Amenities include a fitness center, outdoor pool, 5,000 square feet of meeting and event space and an onsite bar and restaurant. Coury Hospitality manages the property.
HOUSTON — Fertitta Hospitality, which is part of the entertainment empire of Houston Rockets owner Tillman Fertitta, has completed the multimillion-dollar renovation of the 200-room Westin Houston Downtown Hotel. The project involved the transformation of the lobby, including the bar, restaurant and lounge areas, as well as new flooring, furnishings and amenities in all guestrooms. Meeting spaces were also upgraded with new carpets, lighting and technological features, and the fitness center has received new equipment.
NEW YORK CITY — A joint venture between Smith Hill Capital, the commercial real estate debt investment management business of the Procaccianti Cos., and Boston-based Bain Capital has received a $216 million loan for the refinancing of the 774-room Westin New York Grand Central Hotel. The hotel features 18,750 square feet of meeting and event space, a fitness center and a full-service restaurant. The joint venture acquired the hotel in 2019 and undertook renovations in 2021. JLL arranged the debt on behalf of ownership. The direct lender was not disclosed. The hotel first opened in 2012.
CHANDLER, ARIZ. — Concord Summit Capital has arranged a $12.2 million construction loan for the development of ECHO Suites Extended Stay by Wyndham at Chandler Airport Center. The borrower is Richmond, Va.-based The Sandpiper Group of Cos., which is expanding its brand across the western United States. Located in Chandler, the four-story project will offer 124 guest rooms. ECHO Suites has nearly 270 hotels in its pipeline nationwide. Robert Horton, John Choi and Connor Martz of Concord Summit structured the financing for the borrower, which is a repeat client. Last year, Concord Summit secured financing for the client for an ECHO Suites project in Peoria, Ariz.
HOMEWOOD, ALA. — Opelika, Ala.-based PHD Hotels Inc. has acquired Aloft Birmingham Soho Square, a 111-room hotel located at 1903 29th Ave. S in Homewood, a suburb of Birmingham. An institutional investor sold the hotel for an undisclosed price. Tim Osborne of Hunter Hotel Advisors’ Chattanooga office brokered the transaction. Aloft Birmingham Soho Square is a hospitality component within the Soho Square mixed-use campus and features meeting space, an indoor pool and a 24-hour fitness center, along with Re:fuel, a grab-and-go snack bar, and the W XYZ Bar, which offers craft cocktails and live music.
Newer Posts