Hospitality

Hawkins Way Acquires Historic 143-Room Copley Square Hotel in Boston

by Alex Patton November 11, 2019

BOSTON ⁠— Hawkins Way Capital has acquired the historic 143-room Copley Square Hotel in the Back Bay neighborhood of Boston. Built in 1891, the Copley Square Hotel is situated within close proximity of Newbury Street retail and culture center, several colleges and universities, Fenway Park and the Prudential Center. Amenities include 1,500 square feet of meeting and event space, a 24-hour fitness center, a lower-level nightclub and 11,800 square feet of retail space ⁠— including 2,800 square feet of vacant ground-floor retail. Denny Meikleham, Alan Suzuki and Matt Enright of JLL represented the seller, insurance service company Barings LLC, in the transaction.

November 11, 2019

Development Hospitality Texas

Clark Contractors Completes Renovation of 506-Room Westin Dallas Fort Worth Airport Hotel

by Taylor Williams November 11, 2019

IRVING, TEXAS — Clark Contractors has completed the renovation of all 506 guestrooms at the Westin Dallas Fort Worth Airport Hotel in Irving, a project that also upgraded the property’s restaurant area, fitness center and other public spaces. Designed by C+TC Design Studio, the project also delivered a new, 2,955-square-foot club area for Marriott Bonvoy reward members. The hotel also offers a rooftop pool, in-room spa services, a breakfast buffet and an airport shuttle service.

November 11, 2019

Acquisitions Hospitality Texas

JLL Arranges Sale, Financing of 33-Story Hotel in Uptown Dallas

by Taylor Williams November 6, 2019

DALLAS — JLL has arranged the sale of the W Dallas Victory Hotel, a 33-story property located adjacent to the American Airlines Center in the Uptown district of Dallas. The 252-room hotel features a restaurant, lobby bar, terrace bar, resort-style infinity pool and pool deck on the 16th floor and 10,800 square feet of meeting and event space. The building also contains non-owned ground-floor retail space and residential condominiums on floors 18 to 32. Michael Kavanau and Parker Sherrill of JLL represented the seller, Estein USA, in the transaction. A partnership between HN Capital Partners and Dunhill Partners Inc. purchased the asset for an undisclosed price. De’On Collins of JLL and Randy Fleisher of Hamilton Realty Finance placed a three-year, floating-rate acquisition loan through Starwood Property Trust for the deal.

November 6, 2019

Colorado Development Hospitality Western

Stonebridge Cos. Opens 382-Room Dual-Branded Hilton Hotel in Downtown Denver

by Amy Works November 6, 2019

DENVER — Denver-based Stonebridge Cos., as owner and manager, has opened a 22-story, dual-branded hotel in downtown Denver. Located at 801 15th St., the 382-room asset features the 176-key Tru by Hilton Denver Downtown Convention Center and the 206-suite Home2 Suites by Hilton Denver Downtown Convention Center. Property amenities include 3,300 square feet of flexible meeting space with views of the Rocky Mountains, the street-level Tempo Bar, a shared lobby, grab-and-go market, complimentary breakfast bar, fitness center, guest laundry, valet parking and a five-story garage. The dual-branded hotel marks Stonebridge’s 23rd metro Denver property within its portfolio.

November 6, 2019

Hospitality Loans Michigan Midwest

Cohen Financial Secures $12M Refinancing for DoubleTree Hotel in Michigan

by Kristin Harlow November 5, 2019

PORT HURON, MICH. — Cohen Financial, a division of SunTrust Bank, has secured a $12 million CMBS loan for the refinancing of a 149-room DoubleTree by Hilton hotel in Port Huron, which is located in eastern Michigan along Lake Huron. Cathy Bronkema of Cohen arranged the 10-year, fixed-rate loan, which features a 30-year amortization schedule. JB Real Estate Development Co. was the borrower.

November 5, 2019

Development Hospitality Michigan Midwest

158-Room Cambria Hotel Under Construction in Detroit

by Kristin Harlow November 4, 2019

DETROIT — Detroit’s first Cambria hotel is under construction in the downtown area. Slated to open in 2020, the six-story, 158-room hotel will be Cambria’s second location in the state of Michigan. Located at 600 W. Lafayette Blvd., the Cambria hotel is part of an adaptive reuse project of the former WWJ Studios. The hotel will feature a rooftop bar with pool, onsite restaurant, meeting space, a fitness center and ballroom. A joint venture between Means Group Inc. and Koucar Management LLC is developing the hotel. The Cambria brand is under the Choice Hotels International Inc. umbrella of hotels. The hotel will anchor a mixed-use project featuring office and retail space. TCF Bank provided $25 million in construction financing for the mixed-use development.

November 4, 2019

Development Hospitality Texas

SRH Hospitality to Develop 261-Room Westin-Branded Hotel Near Fort Worth

by Taylor Williams November 4, 2019

SOUTHLAKE, TEXAS — SRH Hospitality will develop a 261-room Westin-branded hotel on 6.8 acres in Southlake, a northern suburb of Fort Worth. SRH originally owned the land on which the property will be constructed and sold the tract to a Florida-based hedge fund in the form of a ground lease, proceeds from which will be used to finance construction of the hotel. The property will feature a 25,000-square-foot conference center with a ballroom, full-service restaurant and bar and a rooftop lounge area. SRH will operate the hotel and make monthly ground lease payments to the Florida-based hedge fund for a term of 99 years.

November 4, 2019

Acquisitions Hospitality Southeast Virginia

Mumford Arranges Sale of 85-Room Hotel in Northern Virginia

by Alex Tostado October 31, 2019

WINCHESTER, VA. — Mumford Co. has arranged the sale of an 85-room Fairfield Inn & Suites by Marriott Winchester in Winchester. The hotel is located at 250 Front Royal Pike, three miles south of downtown Winchester. Amenities include a business center, conference center, fitness center and an indoor swimming pool. Ed James and Steve Kirby of Mumford Co. represented the seller, Front Royal Pike LLC, in the transaction. Aspire Hospitality acquired the property for an undisclosed price.

October 31, 2019

Development Hospitality Kentucky Southeast Top Stories

Dual-Branded Hotel Distil, Moxy Opens on Louisville’s Whiskey Row

by Kristin Harlow October 30, 2019

LOUISVILLE, KY. — A 12-story, dual-branded Hotel Distil and Moxy has opened on Louisville’s historic Whiskey Row. Poe Cos., White Lodging and REI Real Estate Services jointly developed the 315-room project. Louisville Business First reports project costs of roughly $100 million. The 205-room Hotel Distil is part of Marriott’s Autograph Collection Hotels, a portfolio of independent and upscale hotels comprising more than 180 properties. Many of Hotel Distil’s design cues are taken from bourbon barrels and the distilling process, with the intent of paying homage to Louisville’s bourbon heritage. Examples include wood tones, staves, black metal accents and copper fixtures. The hotel design incorporates an original 1860s-era façade, which was saved following a fire in 2015 and served as the original location and barrel house for J.T.S. Brown & Sons, a Kentucky bourbon whiskey produced by the Heaven Hill Distillery company. Hotel Distil will offer guests a nightly celebration of Prohibition. Guests will receive an invitation at check-in to join the hotel’s lobby for a nightly toast at 7:33 p.m., which is 19:33 Universal Time, the year Prohibition was repealed. Attendees will receive a celebratory whiskey cocktail. The hotel’s event space totals more than 11,000 square feet across its ballroom, three meeting rooms and …

October 30, 2019

Hospitality Loans Texas

Greysteel Arranges Refinancing of 64-Room La Quinta Hotel in San Antonio

by Taylor Williams October 28, 2019

SAN ANTONIO — Greysteel has arranged a loan of an undisclosed amount for the refinancing of the 64-room La Quinta Inn & Suites by Wyndham San Antonio, located just off Interstate 10 in the Alamo City. The hotel features a pool, fitness center and a business center. Mitt Patel and Daniel Hartnett of Greysteel arranged the long-term, fixed-rate financing on behalf of the undisclosed borrower.

October 28, 2019

Newer Posts

Older Posts