REBusinessOnline

Regal Hospitality Acquires 191-Room Holiday Inn Newark Airport

NEWARK, N.J. — Regal Hospitality Inc. has acquired the 191-room Holiday Inn Newark Airport hotel in Newark for an undisclosed price.. The property is adjacent to Newark Liberty International Airport and is located approximately 12 miles from the 80,000-seat MetLife stadium. Mark Rousseau of HREC Investment Advisors and Connie Mong of First Choice Real Estate represented the seller, a partnership between RJB Associates LP and Fundamentals

UL Verification Renews 38,510 SF Industrial Lease in Upper Macungie, Pennsylvania

UPPER MACUNGIE, PA. — UL Verification Services, a global safety science firm, has renewed a 38,510-square-foot industrial lease in Upper Macungie, located approximately 55 miles northwest of Philadelphia. The space is situated within a 96,235-square-foot industrial building at 7036 Snowdrift Road. that is part of the Iron Run Business Campus. The property offers immediate access to I-78 and the Pennsylvania Turnpike. Jody King of CBRE represented UL Verification Services in the lease …

Pebblebrook to Sell Kimpton Topaz Hotel in D.C. for $33M

WASHINGTON, D.C. — Pebblebrook Hotel Trust has agreed to sell the 99-room Kimpton Topaz Hotel in Washington, D.C. for $33 million. The buyer was not disclosed. The hotel is located at 1733 N St. NW, less than a mile from The White House and two blocks from Dupont Circle. Hotel amenities include complimentary breakfast, a yoga mat in each room, electric car charging stations, 24-hour fitness center and twice-nightly wine

Choice Hotels Begins Construction of 154-Room Development in D.C.

WASHINGTON, D.C. — Choice Hotels International Inc., along with general contractors Donohoe Development Co. and Kouchar Management, has started construction of Cambria Hotels Washington, D.C. Capitol Riverfront, a 154-room hotel. The project is scheduled for completion in early 2021. The property is located at 69 Q St. SW, three miles from the Capitol Building and walking distance to Nationals Park and Audi Field soccer stadium. Hotel amenities will include 2,500 square feet of meeting space, …

Hard Rock International Completes $700M Casino Expansion in Tampa

TAMPA, FLA. — Hard Rock International has completed a $700 million expansion of Seminole Hard Rock Hotel & Casino Tampa. The development added a new 223,900-square-foot casino to the property, which includes an additional 1,000 slot machines and 41 table games throughout its new gaming spaces. The new casino brings the roster of gaming attractions up to nearly 5,000 slot machines, 179 tables and 46 poker tables.The casino now comprises 245,000 square feet of dedicated casino space, …

Marcus & Millichap Arranges Sale of 125-Room Hilton-Branded Hotel in Richardson

RICHARDSON, TEXAS — Marcus & Millichap has arranged the sale of Hilton Garden Inn Dallas/Richardson, a 125-room hotel that was built in 2008. The property is located along the Telecom Corridor, a six-mile strip northeast of Dallas that houses some 600 technology companies and 25 million square feet of office space. Chris Gomes and Allan Miller of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The buyer was not

Marcus & Millichap Brokers $5.2M Sale of 75-Room Hotel Near Cincinnati

SHARONVILLE, OHIO — Marcus & Millichap has brokered the $5.2 million sale of a 75-room Holiday Inn Express & Suites hotel in Sharonville near Cincinnati. The property is located at 11160 Dowlin Drive. Andrew Bankhurst and Alexandre Duong of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured the buyer, a limited liability

Blackstone to Acquire 65 Percent Stake in Great Wolf Resorts, Form $2.9B JV With Centerbridge

CHICAGO AND NEW YORK CITY — Blackstone Real Estate Partners IX, an affiliate of Blackstone (NYSE: BX), is acquiring a 65 percent controlling interest in Great Wolf Resorts Inc. Although the specific price of the investment was not disclosed, Blackstone and existing owner Centerbridge Partners LP will form a new $2.9 billion joint venture to own the company. Chicago-based based Great Wolf is an owner and operator of family-oriented entertainment resorts, with 18 locations around the …

Choice Opens 159-Room Cambria Hotel in South Boston

BOSTON — Choice Hotels International Inc. has opened Cambria Hotel Boston, Downtown-South Boston, a 159-room hotel in the South Boston or “Southie” neighborhood. The hotel features a food and beverage service called Six \ West that serves breakfast, lunch and dinner in a ground-floor restaurant and extends service to a rooftop 4,000-square-foot rooftop lounge. Other amenities include a 2,400-square-foot gym, business meeting space and close access to mass transit lines. City Point Capital …

101-Room Hilton Garden Inn to Open at Former Bank Building in Flint, Michigan

FLINT, MICH. — A new 101-room Hilton Garden Inn is set to open in downtown Flint in 2020. The building was formerly known as the Genesee County Savings Bank Building. The historic 11-story building was Flint’s second skyscraper when it opened in 1920. (The height of a skyscraper in those days was typically much lower than today.) Plans for the Hilton Garden Inn include a full-service restaurant, meeting and banquet center and rooftop deck. Crescent Hotels and Resorts will manage the hotel. …

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