Hospitality

Hyatt Regency Houston Galleria Opens

by Haisten Willis October 19, 2015

HOUSTON — The Hyatt Regency Houston Galleria has opened at 2626 Sage Road in Houston. The 14-story hotel, managed by Aimbridge Hospitality, marks the ninth Hyatt-branded hotel to open in the Houston area. The hotel is part of the 7.6-acre Galleria Plaza development, which includes retail, apartments and office towers. The development will also include Hyatt Place Houston Galleria, adjacent to Hyatt Regency Houston Galleria. The Hyatt Place hotel is under construction and is expected to open in early 2016. Hyatt Regency Houston Galleria features 325 rooms, including 20 suites and eight accessible rooms. The hotel features more than 11,000 square feet of functional space and an additional 7,800 square feet of lobby and gathering space. On the third floor is a heated, outdoor swimming pool and sun deck.

October 19, 2015

Laurus Corp. Acquires DoubleTree by Hilton Hotel in Pittsburgh

by Amy Works October 16, 2015

PITTSBURGH — Laurus Corp. has acquired the DoubleTree by Hilton Hotel – Green Tree in Pittsburgh for an undisclosed price. The 460-room property recently underwent a $20 million top-to-bottom makeover and Laurus plans to invest $7 million to improve customer experience at the hotel by enhancing operations, delivering top-tier culinary experiences across the hotel’s existing restaurants and opening Asado Grill restaurant. The hotel features 40,000 square feet of flexible, multi-functional meeting space and a 13,000-square-foot indoor athletic training center. The hotel will be managed by TPG Hospitality. The name of the seller was not disclosed.

October 16, 2015

Hospitality Texas

Starwood Hotels to Open New Aloft Hotel in Metro Dallas

by Haisten Willis October 16, 2015

ALLEN, TEXAS — Starwood Hotels & Resorts plan to open a new Aloft hotel in the Dallas suburb of Allen. Located within the Watters Creek at Montgomery Farm mixed-used development, Aloft Allen is set to open in March 2018. Watters Creek Hospitality will own the property and Aimbridge Hospitality will manage the hotel. The property will feature 136 rooms. Facilities at Aloft Allen will include an outdoor pool, gym and bar. In addition, the hotel will offer 2,000 square feet of meeting space for business meetings and social gatherings. Guests will also be able to use their smart phone as a key. The technology is available at all Aloft, Element and W hotels.

October 16, 2015

Clarion Hotel Lexington Conference Center

Hospitality Kentucky Southeast

Huff, Niehaus Arranges $5.9M Sale of Hotel in Lexington

by John Nelson October 16, 2015

LEXINGTON, KY. — Huff, Niehaus & Associates Inc. has arranged the $5.9 million sale of the Clarion Hotel Lexington Conference Center in Lexington. The seller, Dogwood Hotels LLC, recently invested $1.2 million to renovate the 149-room hotel. The property sits on a 5.9-acre site off an I-75 exit. Lexington Hospitality Group LLC purchased the hotel from Dogwood and plans to add a restaurant. Brandt Niehaus, president of Huff, Niehaus and a member of Hotel Brokers International, represented the seller in the transaction.

October 16, 2015

California Hospitality Western

Autograph Collection Hotels Adds The Citizen in Sacramento

by Nellie Day October 14, 2015

SACRAMENTO, CALIF. — Autograph Collection Hotels has added The Citizen hotel in Sacramento to its portfolio. The hotel is situated inside the California Life Insurance Building. It contains the Grange Restaurant and Bar, as well as 9,000 square feet of meeting space. Autograph is part of the Marriott International brand. Its global portfolio consists of 93 hotels worldwide.

October 14, 2015

Renaissance Atlanta Airport Gateway Hotel

Georgia Hospitality Southeast

Grove Street Partners to Develop New Marriott Hotel Connected to Atlanta Airport

by John Nelson October 9, 2015

ATLANTA — Grove Street Partners has closed financing for and will soon break ground on Renaissance Atlanta Airport Gateway Hotel in Atlanta. The 204-room hotel will be one of three hotels connected to Hartsfield-Jackson Atlanta International Airport. The other two, a Marriott and SpringHill Suites, were developed by Grove Street Partners in 2010. Marriott International will manage all three hotels, which are located adjacent to the Georgia International Convention Center and the ATL SkyTrain, an elevated train that connects the airport’s passenger terminal to the rental car center. Upon completion in March 2017, the hotel will feature 6,500 square feet of meeting space, a 3,200-square-foot ballroom, restaurant and bar.

October 9, 2015

Hospitality Texas

Marcus & Millichap Arranges Sale of 167-Room Hotel in College Station

by Haisten Willis October 7, 2015

COLLEGE STATION, TEXAS — Marcus & Millichap has arranged the sale of Aggieland Inn (formerly Ramada), a 167-room hospitality property located in College Station. Chris Gomes of Marcus & Millichap’s Dallas office, along with Allan Miller of the firm’s San Antonio office and Jake Gaddy of the Austin office, marketed the property on behalf of the seller, a limited liability company. Gomes procured the buyer, a private investor. Nick Fluellen and Bard Hoover of Marcus & Millichap’s Dallas office referred the seller to Gomes. Fluellen and Hoover previously represented the seller during the acquisition and disposition of student housing apartment assets. Aggieland Inn is located at 1502 Texas Ave. S., one block from the Texas A&M University campus. Built in 1972, the hotel is situated on roughly four acres. The hotel includes an outdoor swimming pool, a banquet hall and a restaurant and lounge. The buyer is planning a multimillion-dollar renovation before reopening in the first quarter of 2016.

October 7, 2015

California Hospitality Western

RLJ Lodging Trust Buys Residence Inn by Marriott in Los Altos for $70M

by Nellie Day October 7, 2015

LOS ALTOS, CALIF. — RLJ Lodging Trust has purchased Los Altos Hotel Associates LLC’s interest in the 156-room Residence Inn by Marriott in the Silicon Valley submarket of Los Altos for $70 million. The hotel is located at 4460 El Camino Real. The Residence Inn opened in 2000. It recently underwent a renovation that included upgrades to the public areas and guestrooms. The hotel caters to extended-stay travelers visiting nearby Palo Alto and Stanford University. Major corporate employers in the area include Hewlett Packard, VMware, SAP, Google, Intuit, Stanford University and Hospital and LinkedIn. Scott Griemsmann of Paramount Lodging Advisors represented the seller in this transaction.

October 7, 2015

Hospitality Midwest Ohio

Waramaug LS Hotels Acquires 120-Room Courtyard by Marriott in Springfield, Ohio

by Christina Cannon October 6, 2015

SPRINGFIELD, OHIO — Waramaug LS Hotels LLC has acquired the Courtyard Springfield Downtown in Springfield for an undisclosed price. Springfield is located approximately 26 miles northeast of Dayton. The six-story, 120-room hotel property was recently renovated and features 6,500 square feet of meeting space. It also includes a 5,000-square-foot ballroom, an indoor heated pool, a business center, a fitness center and an on-site restaurant, Mela Urban Bistro. A new outdoor bar and patio seating area is under construction.

October 6, 2015

Hotel-ZaZa-Memorial-City-Houston-MetroNational[3]

Hospitality Texas

MetroNational to Break Ground on Hotel Zaza Memorial City in Houston

by Haisten Willis October 5, 2015

HOUSTON — MetroNational, a Houston-based real estate investment, development and management company, has partnered with Z Resorts to construct Hotel ZaZa Memorial City at the intersection of I-10 and Bunker Hill Road in Houston. Hotel ZaZa Memorial City is the brand’s second Houston location. Kirksey Architecture will oversee the design and Anslow Bryant Construction is the general contractor of the property, which is slated to open in summer 2017. Hotel ZaZa Memorial City will include 159 guest rooms, along with 10,000 square feet of event and meeting spaces. Amenities will include a pool with bar and cabanas, a restaurant and lounge. MetroNational and Z Resorts are dedicating four levels of the 17-story hotel to 130 apartment units, with guests having access to all ZaZa amenities. Hotel ZaZa Memorial City will be located at 9787 Katy Freeway and will be the third property opening for the brand in 2017, joining Hotel ZaZa Austin in downtown Austin and Hotel ZaZa Wade Park in the north Dallas suburb of Frisco.

October 5, 2015

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