REDMOND, WASH. — The Hotel Group (THG) has opened the 177-room Hilton Garden Inn Redmond Town Center in Redmond. THG manages the property on behalf of Kauri Investments and Washington Holdings. This is THG’s sixth Hilton-branded hotel in the Puget Sound area. The six-story property features 9,000 square feet of meeting space and a 24-hour fitness center. A restaurant will open at the hotel at a later date.
FORT WORTH, TEXAS — Marriott International Inc. will open a 200-room Hotel Drover, one of its Autograph Collection brands, at the historic Fort Worth Stockyards in early 2021. Rooms will feature oversized tubs and wet bars, and guests can enjoy two acres of outdoor space that house a pool, water features, fire pits and a music stage. The hotel will also offer 12,000 square feet of meeting and event space.
SANTA MONICA, CALIF. — Hodges Ward Elliott has brokered the purchase of The Georgian, a boutique hotel located in Santa Monica. BLVD Hospitality, Global Mutual and ESI acquired the asset for an undisclosed price. Built in 1933, The Georgian features 84 guest rooms and suites, ocean-view dining at the on-site Veranda Restaurant, event space and a 24-hour business center and fitness center. Tony Malk, Brett Katz, Diana Simpson and Jordan Kirkbride of Hodges Ward Elliott advised the buyer on the purchase and capitalization of the hotel. The undisclosed seller owned the property since 1991.
NASHVILLE, TENN. — The Pizzuti Cos. has opened The Joseph, a 21-story, 297-room hotel in Nashville’s SoBro district. The hotel is part of Marriott International’s Luxury Collection line. The hotel offers indoor and outdoor meeting space, a fitness center, spa and salon, rooftop lounge and restaurant Yolan. The Joseph, named after Pizzuti family patriarch Joseph Pizzuti, is located at 401 Koreans Blvd., less than one mile from downtown Nashville. Miami-based Arquitectonica designed the hotel. New York City-based INC Architecture & Design was the interior designer.
DETROIT — Hotel Indigo Detroit has opened following a $10 million, two-year renovation. Located at 1020 Washington St. in the heart of downtown Detroit, the hotel features 241 renovated guest rooms and more than 1,700 square feet of meeting space. The décor pays tribute to Detroit’s music history as well as the original mid-century design of the building, which first opened as a Howard Johnson Motor Lodge in 1966. A new restaurant known as The Trolley Room will open at the hotel at a future date. Pyramid Hotel Group manages the property. Detroit-based Kraemer Design Group provided the architecture, interior design and furniture specification services for the project. In response to COVID-19, the hotel is deep cleaned with hospital-grade disinfectants. Guests are required to wear face coverings and social distance in public areas. Hotel Indigo Detroit was previously branded as a Holiday Inn Express & Suites. Glenmont Capital Management LLC acquired the property in 2018. The hotel remained open as renovations were completed.
JACKSON, WYO. — Chicago-based Waterton, as part of a joint venture with Jackson-based Orion Cos., has completed the acquisition of The Virginian Lodge and adjacent RV park, located at 750 W. Broadway in downtown Jackson. Built in the 1960s, the 170-key lodge will undergo a repositioning with renovations to rooms, amenities, common areas, retail spaces and food and beverage operations beginning in late 2020. The buyers plan to renovate and redesign the restaurant along with offering indoor/outdoor access via the property’s courtyard and soon-to-be upgraded pool and hot tub area. The repositioning plan also include the addition of five standalone camping units. The 13-acre site includes a main hotel building with 4,900-square-foot conference and event center, plus 2,600 square feet of retail space. Two adjacent buildings offer a 3,400-square-foot restaurant and 2,700 square feet of retail space. The property also includes a 103-stall RV park. OLS Hotels and Resorts/Springboard Hospitality will operate the hotel. New West Building Co. will serve as general contractor and a subsidiary of Orion Cos. will oversee construction. The acquisition price and redevelopment costs were not disclosed.
TITUSVILLE, FLA. — Extended Stay America Inc. has opened Extended Stay America Titusville-Space Coast, a 124-room hotel in Titusville. The four-story building features complimentary Wi-Fi, cable TV, a fitness center, laundry room and a lobby with vending options. The rooms include fully equipped kitchens with full-size refrigerators, stovetops, cookware, utensils, dishes, pillowtop beds, recliners, a workspace and TV streaming capabilities. The property is located at 4835 Helen Hauser Blvd., 13 miles west of Kennedy Space Center.
SEA BRIGHT, N.J. — New Jersey-based Innzen Hospitality has nearly completed the renovation of the BeachWalk Hotel in the coastal city of Sea Bright. The project includes the addition of 37 more rooms for a total of 76, as well as upgrades to the hotel’s amenity spaces. The property also offers 40 dock slips and 80 parking spaces. Life Hospitality will manage the newly renovated hotel.
WASHINGTON, D.C. — A new national report compiled by Trepp shows that nearly one in four (23.4 percent) of commercial mortgage-backed securities (CMBS) in the hotel sector are 30 or more days delinquent, the highest percentage on record. By comparison, 1.3 percent of hotel CMBS loans were 30 or more days delinquent at the end of 2019. Nearly 4,000 hotel industry leaders signed a letter to the U.S. Congress imploring it to pass the Helping Open Properties Endeavor (HOPE) Act. The bill would provide assistance to small businesses, including hotel owners needing help to meet their debt-service obligations. “With record low travel demand, thousands of hotels can’t afford to pay their commercial mortgages and are facing foreclosure with the harsh reality of having to close their doors permanently,” says Chip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA). “Tens of thousands of hotel employees will lose their jobs and small business industries that depend on these hotels to drive local tourism and economic activity will likely face a similar fate.” According to STR, occupancy levels across the country reached 50.2 percent during the week ending Aug. 15. It was the first time since mid-March that occupancy …
DES PLAINES, ILL. — NexGen Hotels, serving as general contractor and developer, has unveiled plans for a $16 million Home2 Suites by Hilton, with a scheduled groundbreaking in April 2021. The 63,000-square-foot hotel will be located at 1700 S. Higgins Road in Des Plaines, approximately four miles from O’Hare International Airport. Slated for completion in summer 2022, the five-story hotel will feature 107 suites with fully equipped kitchens, designed for both short-term and extended-stay guests. The property will include outdoor lounge and patio areas, an indoor saltwater pool and Spin2 Cycle, a combination fitness and laundry facility. Alpharetta, Ga.-based Origination Design is serving as architect and St. Louis-based Genuine Hospitality Group will manage the hotel. The hotel is NexGen’s first Home2 Suites by Hilton-branded property.
