Friday, July 17, 2026
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Hospitality

DevelopmentHospitalityMarylandSoutheast

Costello Construction Breaks Ground on $25M Hotel Redevelopment Project in Columbia, Maryland

by Alex Tostado

COLUMBIA, MD. — Costello Construction has entered the construction phase of the $25 million Sheraton Columbia Town Center Hotel renovation and redevelopment project. The 290-room hotel is located on the shores of Lake Kittamaqundi in downtown Columbia. Locally based Costello Construction has owned the property since December 2017. The renovation plans include a complete exterior improvement, two new structural additions to add 76 guest rooms, remodeling of all tower rooms and the addition of terraces to lakefront units. Once complete, the hotel will comprise 212 modern guest rooms and join Marriott’s Autograph Collection. The hotel will feature rooftop pool, restaurant, café, fitness center, rooftop bar and lounge and more than 10,000 square feet of indoor/outdoor event space. Costello Construction will self-perform the site work and concrete work on the project.

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DevelopmentHospitalityOklahomaTexas

Plains Management to Develop 120-Room Ellison Hotel in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Locally based firm Plains Management Group will develop a 120-room hotel in Oklahoma City’s Nichols Hills neighborhood that will be named after the city’s literary icon Ralph Ellison. Set to open in 2021, the Ellison hotel will feature a rooftop pool and bar and 7,000 square feet of meeting space. Washington Prime Group sold the land on which the hotel will be developed.

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DevelopmentHospitalityTexas

NewcrestImage Opens 91-Room Hyatt Place Hotel in Amarillo

by Taylor Williams

AMARILLO, TEXAS — Dallas-based hospitality developer NewcrestImage has opened a 91-room Hyatt Place in Amarillo. The hotel is located in the city’s medical district and is part of the company’s hotel campus that also features a 90-room Tru by Hilton and a 90-room Aloft by Marriott. The Tru by Hilton hotel opened in August 2018, and construction of the Aloft hotel is scheduled to begin in mid-2020.

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AcquisitionsCaliforniaHospitalityWestern

Park Hotels & Resorts Divests of 182-Room Ace Hotel Downtown Los Angeles for $117M

by Amy Works

LOS ANGELES — Park Hotels & Resorts has completed the disposition of Ace Hotel Downtown Los Angeles, located at 929 S. Broadway. An undisclosed buyer acquired the property for $117 million, or $643,000 per key before customary closing costs. Located in downtown Los Angeles, the hotel features 182 guest rooms in a mix of seven layouts; a rooftop wading pool; on-site food and beverage options, including Best Girl, Upstairs and Coffee Counter; event space; and The Theatre, a restored 1920s theater with 1,600 seats, a three-story, 2,300-square-foot grand lobby, open balcony, mezzanine and vaulted ceiling.

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AcquisitionsHospitalityTexas

NewcrestImage Acquires 148-Room SpringHill Suites Hotel in Downtown Dallas

by Taylor Williams

DALLAS — Hospitality development and investment firm NewcrestImage has acquired the 148-room SpringHill Suites by Marriott hotel in downtown Dallas. The hotel is an adaptive reuse of a historic 10-story building and features a fitness center, complimentary breakfast and 615 square feet of meeting space. NewcrestImage will undertake further renovations to the property that will take about four months to complete, during which time the hotel will remain open. The seller of the hotel was not disclosed.

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DevelopmentHospitalitySoutheastTennessee

Safe Harbor Opens $82M Margaritaville Hotel Nashville in Downtown’s SoBro District

by Alex Tostado

NASHVILLE, TENN. — Developer Safe Harbor Development LLC has opened the $82 million Margaritaville Hotel Nashville, a 12-story hotel featuring 166 guestrooms, as well as 52 suites. Davidson Hotels & Resorts manages the hotel, which is located at 425 5th Ave. S. in downtown Nashville’s SoBro (South of Broadway) district. Margaritaville Hotel Nashville is adjacent to the Country Music Hall of Fame, Bridgestone Arena, Music City Center and Honky Tonk Highway. Amenities include a rooftop pool, sundeck, fire pits, live entertainment, a fitness center, and two Margaritaville-branded restaurants: FINS Bar and JWB Grill. The hotel also includes nearly 11,000 square feet of indoor and outdoor customizable event space, as well as Radio Margaritaville’s Nashville studio.

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DevelopmentHospitalityRetailSouth CarolinaSoutheast

Capital Square, Method to Develop Hotel, Stores in Downtown Charleston

by Alex Tostado

CHARLESTON, S.C. — Capital Square and Method Co. have announced plans to develop 529 King Street, a 50-unit hotel with ground-level retail space in the Cannonborough-Elliotborough neighborhood of historic downtown Charleston. Capital Square has established a project-specific opportunity zone fund called CSRA Opportunity Zone Fund IV LLC, which seeks to raise $7.7 million in equity from investors willing to invest a minimum of $100,000 to fund the hotel development. Method’s ROOST Apartment Hotel brand will operate the hotel. Designed by New York-based Morris Adjmi Architects, the five-story property will feature 4,218 square feet of retail space, valet-operated parking spaces, a courtyard and rooftop lounge. The property will also feature a fitness center, library and coworking space on each floor.

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AcquisitionsHospitalityMidwestOhio

MCR Purchases 240-Room Hilton Garden Inn in Downtown Cleveland

by Kristin Harlow

CLEVELAND — MCR has purchased the 240-room Hilton Garden Inn hotel in downtown Cleveland for an undisclosed price. Located at 1100 Carnegie Ave., the property is a short drive from the home where the 1983 movie A Christmas Story was filmed. Starring Peter Billingsley, a young boy named Ralphie attempts to get a Red Ryder BB gun from Santa. The Hilton Garden Inn features Harvey’s Sports Lounge and The Garden Grille, as well as a convenience store, fitness center, indoor pool, business center and 11,000 square feet of meeting space. New York City-based Hotel 1100 Carnegie LP sold the hotel for $28.2 million, according to Crain’s Cleveland Business.

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DevelopmentHospitalityTexas

Marriott Opens 170-Room Springhill Suites Hotel at Fort Worth’s Historic Stockyards

by Taylor Williams

FORT WORTH, TEXAS — Marriott International has opened a 170-room Springhill Suites hotel at 2315 N. Main St. in Fort Worth’s Historic Stockyards district. The six-story property features a fitness center, outdoor pool, complimentary breakfast and 11,500 square feet of meeting and event space. In addition, a food and beverage concept from local chef Tim Love is scheduled to open at the hotel in early 2020. OGC Main Street LP owns the hotel, and Oldham Goodwin Group manages it.

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AcquisitionsHospitalityNortheastPennsylvania

HREC Brokers Sale of 152-Room Holiday Inn Hotel in Wilkes Barre, Pennsylvania

by Alex Patton

WILKES BARRE, PA. — HREC Investment Advisors has brokered the sale of the 152-room Holiday Inn Wilkes Barre East Mountain, a hotel located approximately 115 miles north of Philadelphia. Amenities include an onsite business center, laundry facilities, an indoor pool and two restaurants. Mark Rousseau and Mark von Dwingelo of HREC represented the seller, Plains Hotel Associates. Regal Hospitality was the buyer. The sales price was undisclosed.

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