Hospitality

Bradford Allen Opens 206-Room Hyatt Centric Hotel Near Chicago O’Hare Airport

by Kristin Harlow July 8, 2025

ROSEMONT, ILL. — Bradford Allen has opened the Hyatt Centric Chicago O’Hare, a 206-room hotel near the Chicago O’Hare International Airport and Rivers Casino in Rosemont. Following more than $30 million in renovations to the former Hyatt Rosemont Chicago/O’Hare, the property features completely remodeled guest rooms, upgraded common areas and meeting spaces and the addition of Cima Restaurant, a new upscale Mediterranean-inspired restaurant. Hyatt Centric is an emerging full-service lifestyle hotel concept from Hyatt Hotels Corp. Bradford Allen acquired the property in 2022 and collaborated with Hyatt on the remodel. Common areas include a fitness center and two banquet rooms with combined capacity of up to 500 people. New features include an all-glass porte cochere, reconfigured lobby, food-and-beverage outlets and private dining spaces. Renovations also included a new roof, fire system, HVAC and building automation systems.

July 8, 2025

Acquisitions Development Hospitality Massachusetts Northeast

Mount Vernon Co. Buys Historic Hospitality Property in Plymouth, Massachusetts, Plans Repositioning

by Taylor Williams July 7, 2025

PLYMOUTH, MASS. — Boston-based investment firm The Mount Vernon Co. has purchased an 80-room historic hospitality property in Plymouth, located south of the state capital, with plans to implement a repositioning. Opened in 1969 and renovated in 2021, The John Carver Inn & Spa features a full-service spa, indoor pool, meeting and event space, fitness center, game room and onsite dining options. The repositioning will cover the property’s interiors, amenities, and the food-and-beverage program. Alan Suzuki and Matthew Enright of JLL represented the undisclosed seller in the transaction.

July 7, 2025

California Development Hospitality Top Stories Western

Tutor Perini to Build $220M Expansion of Eagle Mountain Casino in Porterville, California

by Hayden Spiess July 3, 2025

PORTERVILLE, CALIF. — Tutor Perini Building Corp. — a subsidiary of civil, building and construction company Tutor Perini Corp. — has been awarded a $220 million contract to construct an expansion of the Eagle Mountain Casino in Porterville. The casino is located at 1850 West St., which is about 50 miles north of Bakersfield, Calif., and adjacent to the Porterville Fairgrounds. Tutor Perini will build the development on behalf of the Tule River Gaming Authority, which is operated by the Tule River Indian Tribe of California. Eagle Mountain Casino opened in 2023, replacing another casino that the Tule River Tribe had operated on the site since 1996. Dubbed the Eagle Mountain Casino Phase 2 Expansion, the project is scheduled to begin construction this summer. Substantial completion of the development is expected in 2027. Upon completion, the new phase will feature a 193-room tower with a rooftop restaurant; a central warehouse and offices; expansion of an existing restaurant; a new, 2,000-seat events center with convention space, breakout meeting rooms, pre-function space; and hotel amenities including a new spa, arcade and swimming pool. According to the Eagle Mountain Casino website, the current casino features 1,750 new and classic slot machines and 20 …

July 3, 2025

Development Hospitality Texas

Peachtree Group, Merritt Top Out 171-Room Hotel in Downtown San Antonio

by Taylor Williams July 3, 2025

SAN ANTONIO — Atlanta-based hospitality owner-operator Peachtree Group and Austin-based Merritt Development Group have topped out construction of the 10-story, 171-roomResidence Inn by Marriott hotel in downtown San Antonio. The hotel will feature studio suites with fully equipped kitchens, and separate living and working areas. Amenities will include a fitness center, meeting rooms, outdoor social spaces and a coffee bar. Completion is slated for next summer.

July 3, 2025

California Hospitality Loans Western

MetroGroup Realty Finance Provides $13.9M Loan for Brand Conversion of 99-Key Hotel in San Mateo, California

by Amy Works July 3, 2025

SAN MATEO, CALIF. — Newport Beach, Calif.-based MetroGroup Realty Finance has provided a $13.9 million loan for the conversion of an existing 99-room Best Western hotel to a Home2 Suites by Hilton hotel in San Mateo. J.D. Blashaw of MetroGroup Realty Finance led the team in providing the financing. MetroGroup’s initial $9.5 million funding retired a bridge loan and provided $4.4 million of future funds to execute the brand conversion.

July 3, 2025

Acquisitions Hospitality Western Wyoming

Prime Investment Properties Brokers Sale of Heartland Inn & Suites Hotel in Wheatland, Wyoming

by Amy Works July 3, 2025

WHEATLAND, WYO. — Prime Investment Properties has arranged the sale of the Heartland Inn & Suites hotel in Wheatland. Terms of the transaction were not disclosed. Heartland Inn & Suites features 57 guest rooms, complimentary breakfast, a fitness center, business services and convenient access to I-25.

July 3, 2025

Development Hospitality Northeast Pennsylvania

Lehigh Valley Airport Breaks Ground on 145-Room Hotel in Allentown, Pennsylvania

by Taylor Williams July 2, 2025

ALLENTOWN, PA. — The Lehigh Valley International Airport has broken ground on a 145-room hotel in Allentown. The site is a 20-acre parcel that once served as an emergency landing strip, and the new hotel will be operated under the Courtyard by Marriott brand. Nonprofit developer Provident Resources Group will own and operate the hotel via ground lease. The Lehigh County Industrial Development Authority issued four tax-exempt bonds totaling $42 million as part of the financing of the project, which also received $1 million in state funding. Construction is expected to last about two years.

July 2, 2025

Development Hospitality Loans Top Stories Utah Western

Extell Development Secures $600M Construction Loan for Four Seasons Resort and Residences in Park City, Utah

by John Nelson July 1, 2025

PARK CITY, UTAH — Extell Development Co., a national real estate development firm based in New York City, has secured a $600 million construction loan for Four Seasons Resort and Residences Deer Valley, a new hospitality and condominium development currently underway in Park City, Utah’s premier ski town. New York-based JVP Management provided the financing. Extell broke ground on the development earlier this spring and plans to deliver the property in 2028. Designed by ODA Architecture, Four Seasons Resort and Residences Deer Valley will feature one- to seven-bedroom hotel suites ranging in size from 1,200 to 7,000 square feet, all with direct ski-in/ski-out access. Amenities at the property will include wellness and fitness facilities with saunas, steam rooms, whirlpools and spa services, as well as four dining venues and a ski-in/ski-out lounge with an outdoor terrace and fireplace. Additional amenities will include access to 50 miles of hiking and biking trails, an ice rink, indoor sports court and indoor and outdoor pools with panoramic views and private cabanas. The property will also feature a grand ballroom, three meeting rooms and an outdoor event terrace. Upon completion, the development will include a building with 68 private one- to five-bedroom residences as …

July 1, 2025

Acquisitions Colorado Hospitality Western

Matthews Brokers $7.2M Sale of Best Western Hotel in Lakewood, Colorado

by Amy Works June 26, 2025

LAKEWOOD, COLO. — Matthews Real Estate Investment Services has arranged the sale of a Best Western hotel located at 3440 S. Vance St. in Lakewood. The asset traded for $7.2 million. The names of the seller and buyer were not released. Simon Assaf and Hunter Davis of Matthews handled the transaction. Constructed in 1995, the 144,619-square-foot hotel features 112 guest rooms.

June 26, 2025

Development Hospitality Midwest Ohio

Nationwide Realty Investors Nears Completion of Renovations at Hotel, Conference Center in Metro Columbus

by Kristin Harlow June 26, 2025

LEWIS CENTER, OHIO — Nationwide Realty Investors is nearing completion of renovations at Nationwide Hotel and Conference Center, a 20-acre hotel and event complex in Lewis Center, a northern suburb of Columbus. In conjunction with the renovations, the property will be rebranded as The Ohioan Hotel & Event Center later this summer. The newly completed event center renovations include renovated and modernized ballrooms, expanded pre-function and post-function spaces and a new private outdoor courtyard with multiple fireplaces. Additional renovations underway include updates to the 193 guestrooms and suites. The hotel will remain open throughout the phased renovations. The 2,000-square-foot pub will also be given a refresh later this fall. Nationwide also commissioned three Ohio-based artists to create original artworks for display throughout the event center. What began as a radio station in the 1940s evolved into Green Meadows Inn during the 1960s. The property then became a training center for Nationwide Insurance in the 1970s and ultimately expanded into a full-scale conference and hotel destination by the early 2000s.

June 26, 2025

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