Hospitality

Hyatt Place Houston Galleria Opens in Houston

by Haisten Willis February 2, 2016

HOUSTON — Atlanta-based Songy Highroads has opened Hyatt Place Houston Galleria, a 157-room hotel located across from the Galleria shopping center in Houston. Aimbridge Hospitality manages the 12-story hotel, situated at 5252 W. Alabama St. The hotel contains three floors of common space and nine guestroom floors with both suites and standard rooms. Onsite amenities include a swimming pool, fitness center, meeting space, business center, dining options, a market and a lobby coffee shop and bar. Songy Highroads began development of the hotel in August 2014 and also developed the Hyatt Regency Houston Galleria, a 325-room hotel located adjacent to the Hyatt Place that opened in October 2015. Songy Highroads owns both hotels, which are part of a 7.6-acre mixed-use development that also contains two office towers and retail space.

February 2, 2016

TPG Hotels & Resorts, Douglas Development to Co-Develop, Operate Moxy Hotel in D.C.

by John Nelson February 2, 2016

WASHINGTON, D.C. — Douglas Development Corp. has selected TPG Hotels & Resorts to co-develop and operate the first Moxy hotel in Washington, D.C. Moxy is a brand of Marriott International. Set to open in the first quarter of 2017, the 200-room Moxy DC Hotel will be located on the corner of 11th and K streets in Washington, D.C. The 13-story hotel will feature a rooftop lounge, street-level patio and a live Instragram wall that features images from Moxy travelers worldwide.

February 2, 2016

Florida Hospitality Southeast

Related Cos., Hilton Worldwide Open Hilton West Palm Beach

by John Nelson February 1, 2016

WEST PALM BEACH, FLA. — Related Cos. and Hilton Worldwide have opened Hilton West Palm Beach, a 12-story convention hotel located in downtown West Palm Beach. The property features 400 guestrooms, 43 suites, a grand lobby, thee quarter-acre lanai, zero-entry pool, private cabanas, Restoration Hardware furnishings and a poolside bar and fire pit. The property’s dining options include Manor, a farm-to-table restaurant; Galley, the hotel’s lobby bar; and Provisions, a marketplace that provides locally sourced goods, prepared food, cold-pressed juices and gifts from local shops and artists. Connected to The Palm Beach County Convention Center via an enclosed walkway, Hilton West Palm Beach features more than 24,000 square feet of meeting space, including the 13,350-square-foot Oceana Ballroom and the 5,800-square-foot Coral Ballroom, as well as two 2,400-square-foot lawn spaces for weddings, special events and fitness programming. The project team includes Miami-based architect Nicholas Brosch Wurst Wolfe & Associates and Dallas-based interior designer Looney and Associates.

February 1, 2016

Hospitality Kentucky Southeast Top Stories

Omni Breaks Ground on $289M Omni Louisville Hotel in Kentucky

by Jeff Shaw February 1, 2016

LOUISVILLE, KY. — Omni Hotels & Resorts has broken ground on the 612-room Omni Louisville Hotel, the brand’s first property in Kentucky. The hotel will be located at Liberty and 2nd Street in downtown Louisville, one block from Kentucky International Convention Center. Development costs for the public-private project are estimated at $289 million. The 30-story hotel is set to open in early 2018. “Today was much more than just breaking ground on the Omni Louisville Hotel,” Louisville Mayor Greg Fischer said at the groundbreaking ceremony. “Today’s groundbreaking is symbolic of the future transformation of our city and the prosperity yet to come. This hotel will not only help bolster our reputation as a leading meetings and leisure destination, but will serve as a cornerstone where our downtown community can connect.” Amenities at the hotel will include an all-day dining venue, lobby lounge, and rooftop pool bar and grill, in addition to Bob’s Steak & Chop House. The top floors will also feature 225 luxury apartments. The property will provide approximately 70,000 square feet of flexible meeting and event space, a fitness center, spa and speakeasy with a bowling alley. A grocery store is set to open adjacent to the hotel, …

February 1, 2016

California Hospitality Western

Ares Forms Partnership with Montage Hotels & Resorts

by Nellie Day January 29, 2016

IRVINE, CALIF. — A real estate fund managed by Ares has made a strategic investment in Montage Hotels & Resorts. The partnership will allow Ares to purchase a minority stake of up to 20 percent in Montage. Ares will also provide up to $200 million in future growth capital to Montage. The funds will focus on the continued expansion of the Montage- and Pendry-branded hotels and resorts portfolio. Jay Glaubach, a managing director at Ares Management and co-portfolio manager of Ares’ opportunistic real estate funds, will join Montage’s Board of Directors. Dentons served as counsel to Montage Hotels & Resorts. This is Ares’ second investment with Irvine-based Montage. It had previously made an investment in Pendry San Diego. This property is part of the company’s new luxury lifestyle brand, Pendry Hotels. The new hotel will debut this fall in San Diego’s Gaslamp District.

January 29, 2016

Tribute Portfolio Element by Westin Hotel Fort Lauderdale

Florida Hospitality Southeast

Tutor Perini to Build Dual-Branded Hotel Property in Downtown Fort Lauderdale

by John Nelson January 28, 2016

FORT LAUDERDALE, FLA. — Wurzak Hotel Group and DoveHill have selected Tutor Perini Building Corp. to construct a dual-branded Tribute Portfolio and Element by Westin hotel in downtown Fort Lauderdale. The new 24-story tower will feature a 209-room Tribute Portfolio hotel and a 114-room Element by Westin hotel. The property will also feature a rooftop lounge and restaurant, pool, gymnasium, parking within the projectg, ground-level retail space, a ballroom and several meeting rooms. Tutor Perini expects to break ground in the spring and wrap up construction in the fall of 2017.

January 28, 2016

Hospitality Oregon Western

Edgecliff Motel in Oregon Changes Hands

by Nellie Day January 28, 2016

LINCOLN CITY, ORE. — The 54-room Edgecliff Motel in Lincoln City has sold to an unnamed buyer for $1.6 million. The hotel is located at 3733 Highway 101. It overlooks the Pacific Ocean, and is about one mile south of the Tanger Outlet Mall. The hotel will undergo a $1 million remodel. Joseph P. Kennedy of Crystal Investment Property represented the seller in this transaction.

January 28, 2016

Hospitality Illinois Loans Midwest

Associated Bank, Inland Bank Provide $36M in Construction Financing for New Hotel in Chicago

by Christina Cannon January 27, 2016

CHICAGO — Associated Bank and Inland Bank have provided a $36 million loan for the construction of a new 195-room Marriott Autograph Collection Hotel in the Streeterville neighborhood of Chicago. Associated Bank acted as the lead arranger in the deal, providing two-thirds of the capital. SMASHotels Chicago LLC, an ECD Co. affiliate, will develop the 21-story hotel, which will be located at 228 E. Ontario St. The hotel will include a first floor restaurant and lounge, meeting and event space, a fitness room and a business center. Associated Bank previously provided the loan for the land acquisition. Krista Casper of Assocaited Bank managed the construction loan.

January 27, 2016

Hospitality Nevada Western

The Siegel Group Nevada Buys Former Rodeway Inn Convention Center Hotel in Las Vegas for $6.1M

by Nellie Day January 27, 2016

LAS VEGAS — The Siegel Group Nevada has purchased the former 102-room Rodeway Inn Convention Center hotel in Las Vegas for $6.1 million. The hotel is situated on Convention Center Drive, half a block from Las Vegas Boulevard and the Las Vegas Convention Center. The property will be converted into a Siegel Suites Select extended-stay brand.

January 27, 2016

Hospitality Mixed-Use Multifamily Retail Texas

The Kor Group Acquires Land for Austin Proper Hotel and Residences

by Haisten Willis January 26, 2016

AUSTIN, TEXAS — The Kor Group has purchased land for the future home of Austin Proper Hotel and Residences. The development will be a 32-story mixed-use building containing 99 for-sale residences, 244 hotel guest rooms, four food and beverage outlets, 11,500 square feet of meeting space, a spa, fitness center and two outdoor swimming pools. Construction is scheduled to begin in spring 2016 and end in early 2018. In addition to the land acquisition, the Austin Proper Residences sales gallery, located nearby at 208 Colorado St., debuted on Jan. 21, 2016, with a grand opening celebration scheduled for Feb. 5 and 6. Will Steakley of DEN Property Group will manage sales for the Austin Proper Residences, which will begin taking contracts this month. Proper Hospitality will operate the Austin Proper Hotel as part of the Proper Hotels brand. Designer Kelly Wearstler is creating the interior design for the project, McGuire Moorman Hospitality is developing and operating the food and beverage concepts and Handel Architects is responsible for the design of the 32-story high-rise.

January 26, 2016

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