MARYLAND HEIGHTS, MO. — Homewood Suites by Hilton St. Louis Westport has opened in Maryland Heights, a suburb of St. Louis. Developed and owned by Lodging Hospitality Management, the hotel consists of 121 suites. Amenities include complimentary breakfast, Wi-Fi, a grocery shopping service, outdoor patio, fitness center, indoor pool and putting green. The hotel is located at 2434 Old Dorsett Road and offers convenient access to Lambert-St. Louis International Airport.
EMERYVILLE, CALIF. — The 175-room Hyatt Place Emeryville/San Francisco hotel has opened in East Bay. The hotel is located at 5700 Bay St. in Emeryville. The new Hyatt has been a part of Emeryville’s ongoing downtown expansion and restoration initiative. It serves as the flagship hotel in Bay Street Emeryville, a three-block-long development. The retail mega-center features 65 stores, 10 restaurants, a movie theater and 400 residential units. Ensemble Real Estate Investments led the hotel’s development.
SPRING HOUSE, PA. — MRA Group has acquired the former Rohm & Haas research and development campus located at 727 Norristown Road in the Philadelphia suburb of Spring House. Now known as the Spring House Technology Park, the complex spans 591,000 square feet across 11 buildings. The 133-acre campus is located near the Fort Washington exit of the Pennsylvania Turnpike. MRA will renovate the park to include office and laboratory facilities, a hotel, co-working space, on-site daycare, a gym and a 40,000-square-foot retail village. The property was initially acquired in 1962 by Rohm & Haas Co. and developed into Spring House Technical Center, a research and development campus. The existing buildings were constructed between 1963 and 1995, with 75 percent dedicated to laboratory use and the rest used for offices. The Dow Co. acquired Rohm & Haas in 2012, and by 2015 Dow relocated its employees to a new facility in Collegeville, Pa. In 2015 MRA Group entered into discussions with Dow to acquire the property in its entirety, with closing occurring in late March 2017.
MONTEREY, CALIF. — A local private investor has acquired the 52-room Stargazer Inn & Suites for $8.4 million. The boutique hotel is located at 1046 Munras Ave. in Monterey. The hotel features an indoor pool and spa, breakfast room and parking. Many guest rooms offer fireplaces and partial ocean views. Eric Gunderson of Avison Young represented the seller, Monterey Signature Hotels, in this transaction.
FORT MYERS, FLA. — Marcus & Millichap has arranged the $11.4 million sale of Candlewood Suites Fort Myers-Sanibel Gateway, a 120-room hotel located at 9740 Commerce Center Court in Fort Myers. Built in 2009, the hotel is situated near several beaches including Fort Myers Beach, Sanibel and Captiva. AD1 Global purchased the asset from an undisclosed private investment group. Jonathan Ruprai and Krone Weidler of Marcus & Millichap’s Tampa office represented the seller in the transaction and procured the buyer. Noam Kaminetzky of Meridian Capital Group arranged a $9.5 million, three-year acquisition loan on behalf of AD1 Global.
ST. LOUIS — HREC Investment Advisors has arranged the sale of the Holiday Inn Airport West-Earth City in St. Louis. The sales price was not disclosed. The 155-room hotel is located less than eight miles from Lambert-St. Louis International Airport. Ted Anka and Tom Sommer of HREC represented the undisclosed seller in the transaction.
EAST MOLINE, ILL. — Hall Structured Finance (HSF) has provided a $23.2 million loan for the construction of a Hyatt House and Hyatt Place hotel in East Moline, part of the Quad Cities region. This will be Hyatt’s first development of a blended, dual-flagged hotel, with a shared front desk and lobby amenities, and will serve as the company’s prototype for future dual-flagged developments. The nine-story, 233-room hotel will feature 134 upscale Hyatt Place rooms and 99 suite-style, extended-stay Hyatt House rooms. Olympia Hotel Management will operate the hotel. Great River LLC, in conjunction with the City of East Moline, plans to develop the 132-acre site of the former Case/International Harvester plant, where the hotel will be located, into a mixed-use development in two phases. The first phase consists of 42 acres and will include the new hotel, 324 multifamily units and a public park. Construction starts immediately and will be complete by summer 2018. In addition, two restaurants and four retail sites are expected to soon be under development.
NEW YORK CITY — Gene Kaufman Architect (GKA) has received design approval from the NYC Department of Buildings for a Marriott and Residence Inn at John F. Kennedy International Airport in New York City. In addition, The Lam Group has asked GKA to take over work on a Courtyard by Marriott and Residence Inn already under construction at 215 Pearl St. Together, the projects offer 870 rooms and represent 424,000 square feet of hotel space. The 540-room, 270,000-square-foot Marriott-and-Residence Inn at JFK Airport is being designed for Soundview Real Estate Partners and Chartwell Hospitality. The dual hotel property, expected to break ground later this year, will have 4,000 square feet of lounge and bar space and more than 4,000 square feet of meeting space. It will also have an office center, a fitness center and parking. Construction is already underway on GKA’s second dual-hotel project, a 330-room, 170,000-square-foot Courtyard by Marriott and Residence Inn at 215 Pearl St., which is expected to open in 2018. The Lam Group asked GKA to oversee the final design of the building created by the previous architects Nobutaka Ashihara, and to design the interiors for both the hotel’s public spaces and its guest rooms.
AVONDALE, ARIZ. — Virtua Partners has announced plans to build a 130-room SpringHill Suites Hotel in Avondale. The hotel will be a part of a 58-acre mixed-use site that’s situated one half mile north of Interstate 10. Quyp Hospitality LLC, an affiliate of Virtua Partners, will develop the property. The firm has partnered with Marriott on the project.
LEESBURG, VA. — LaSalle Hotel Properties has sold Lansdowne Resort, a 296-room hotel and resort located at 44050 Woodridge Parkway in Leesburg, about 33 miles from Washington, D.C. An undisclosed buyer purchased the property from LaSalle Hotel Properties for $133 million. Situated along the Potomac River in Northern Virginia, the property features 55,000 square feet of meeting space, Spa Minerale, The Golf Club at Lansdowne with 45 holes of golf, a health club and fitness center, indoor lap pool, four outdoor pools, driving range, tennis and volleyball courts, horseshoes and a business center. LaSalle Hotel Properties acquired the property in 2003 for $115.8 million. The company has also sold Alexis Hotel in Seattle for $71.6 million and is under contract to sell Hotel Triton in San Francisco for $14.3 million.