SAN DIEGO — Bartell Hotels has purchased the 211-room San Diego Airport Hilton on Harbor Island for $37.7 million. The hotel is located at 1960 Harbor Island Drive. The property is situated along San Diego’s waterfront, less than a mile from San Diego International Airport. It underwent an extensive renovation in the early 2000s when the hotel joined the Hilton Worldwide brand. Bartell plans to make an additional $5 million in upgrades. The company now owns eight properties in San Diego.
WEEHAWKEN, N.J. — Roseland, a subsidiary of Mack-Cali Realty Corp., is developing two dual-branded Marriott hotels at Port Imperial, the company’s $3 billion mixed-use, master-planned waterfront development in Weehawken. Roseland and its partner, XSS Hotels, secured approximately $94 million in financing for a syndicated construction loan led by Fifth Third Bank, with additional syndicated lending institutions, including Santandar and Investors Savings Bank. Featuring a 210-key Renaissance hotel and a 154-key Residence Inn, the project will feature meeting and function space for 450 guests and a 15,000-square-foot deck off the sixth floor sky lobby offering views of Manhattan. The two hotels will be built on top of the 850-space Port Imperial parking garage with 17,000 square feet of ground-level retail space next to the New York Waterway ferry terminal. Expected to create more than 100 permanent full-time jobs, the hotels are slated for completion by the end of 2017.
FAIRFAX, VA. — An affiliate of Atlanta-based Songy Highroads LLC has purchased the Hyatt Fairfax at Fair Lakes in Fairfax, roughly 19 miles west of Washington, D.C. The 14-story hotel was constructed in 1989 and features 316 guestrooms, a 24-hour fitness center, heated indoor pool, jogging trails, the NoVa Market convenience store, patio for outdoor events and 9,000 square feet of meeting space, which includes a 4,140-square-foot ballroom. The hotel also features the NoVa Grill and NoVa Bar as dining options for guests. Songy Highroads plans to implement a $14 million renovation to the hotel, which will include updating the pool and fitness center, upgrading rooms and corridors to Hyatt Regency standards and converting 30 to 60 of the guestrooms into extended stay rooms. Future improvements could include enhancing the hotel entrance and adding new meeting space. Songy Highroads hired Ambridge Hospitality to manage the hotel.
MECHANICSBURG AND ENOLA, PA. — HREC Investment Advisors has arranged the sale of two hotels in Pennsylvania. The properties are the 70-room Baymont Inn & Suites Mechanicsburg Harrisburg West in Mechanicsburg and a 69-room Mircotel Inn & Suites by Wyndham in Enola. Ketan Patel and Geoff Davis of HREC represented the undisclosed seller in the transaction. The name of the buyer was not released.
SAN DIEGO — The Viejas Band of Kumeyaay Indians has opened a new $50 million hotel tower at the Viejas Casino and Resort in the eastern San Diego County submarket of Alpine. The 109-room tower includes a top-floor technology suite, as well as an additional gaming floor, specialty bar, ballroom, meeting and board rooms, resort-style pool, and extensive multi-use grounds. Construction on the tower began in June 2014. An existing administration building was demolished and the site was reconfigured prior to construction commencing. Swinerton Builders built the four-star resort project, which JCJ Architecture designed. Xpera CM managed the design and construction.
HARPERS FERRY, W.VA. — Marcus & Millichap has arranged the sale of the Quality Hotel and Conference Center, a 100-room hotel located in Harpers Ferry, W.Va. The asset sold for $2.95 million or $29,500 per room. Karianne J. Cibello and Gordon Allred of Marcus & Millichap marketed the hotel along with two retail buildings on nearly 14 acres. Cibello and Allred also secured the buyer, a local business owner who plans to upgrade the property. Ralph Nash served as the broker of record for the transaction. Located at 4328 William L. Wilson Freeway, the Quality Hotel & Conference Center is next to River Riders family adventure resort and one mile from the Hollywood Casino at Charles Town.
JACKSONVILLE, FLA. — Aileron Investment Management has arranged a $13.8 million loan for the construction of a 122-room Residence Inn by Marriott hotel located in Jacksonville. The transaction was structured as an SBA 504 loan, with Aileron providing an $8.7 million first mortgage loan, and a $5.1 million interim second mortgage loan. Upon completion of the construction, the loan will convert to long-term permanent financing. Florida Business Development Corp. was the CDC on the transaction.
TUCSON, ARIZ. — A private investor from Texas has purchased the 267-room Hotel Tucson City Center Inn Suites in Tucson for $9.6 million. The hotel is located at 475 North Granada Ave. in the city’s historic downtown Presidio Arts District. Lisa Estrada of Marcus & Millichap represented the buyer. James I. Meng and Jon R. Grantham of the same firm represented the seller, a publicly traded REIT.
EAU CLAIRE, WIS. — Dougherty Funding LLC has closed a $15.3 million construction loan for Hotel Lismore, a DoubleTree Hotel by Hilton. Dougherty provided the financing to ECHL LLC. The construction involves redeveloping an existing hotel property located in downtown Eau Claire. The new full-service hotel will feature 112 rooms and a 14,406-square-foot convention center. The property will also include a fine dining restaurant, coffee shop, bar/lounge, fitness center and a business center. The convention center renovation is complete and the space is available for use. The entire project is slated for completion by April 2016. Dougherty Funding was the lead lender in the transaction and will also service the loan.
ATLANTA — Winter Construction has finished vertical construction on the AC Marriott Hotel at Phipps Plaza. The new six-story, 166-room hotel is located on the Phipps Plaza campus in Atlanta’s Buckhead district. Noble Investment is developing the property, which is the first AC Marriott in Georgia. The hotel will feature the AC Lounge, 2,500 square feet of meeting space, the AC Library, a fitness center, an indoor pool and a two-level parking deck that will connect to Phipps Plaza via a pedestrian walkway.
