Hospitality

Construction Begins on New Hampton Inn & Suites Hotel in Miami

by John Nelson December 12, 2014

MIAMI — Miami-based Mayan Properties, 3H Group Hotels and Arti Hersi Inc. have teamed up to break ground on the new Hampton Inn & Suites in Miami’s Biscayne Boulevard corridor. The 151-room hotel will be located at the intersection of Biscayne Boulevard and Northwest 35th Street. The hotel will feature 4,400 square feet of street-level retail space and an eight-story parking garage. 3H Group Hotels will manage the hotel upon completion, which is slated for first quarter 2016. The design team includes architect Israel Bigelman, exterior architect Kobi Karp and interior designer Monioni Design. Michael Comras of Comras Co. will handle leasing the retail space.

December 12, 2014

Hospitality Texas

HREC Arranges Sale of Holiday Inn in San Antonio

by Haisten Willis December 12, 2014

SAN ANTONIO — HREC Investment Advisors has arranged the sale of a 194-room Holiday Inn San Antonio NW SeaWorld located in San Antonio. Pacifica Cos., a San Diego-based investment firm, was the buyer. Mike Armstrong and Hank Wolpert of HREC represented the seller, a private equity fund, in the transaction. The hotel opened in 2009 as the first LEED-certified hotel in Texas. It is the preferred hotel of the 250-acre SeaWorld San Antonio, the world’s largest marine life theme park.

December 12, 2014

Georgia Hospitality Southeast

NGKF Hotels Brokers Sale of Hotel in Savannah’s Historic District

by John Nelson December 10, 2014

SAVANNAH, GA. — Newmark Grubb Knight Frank Hotels (NGKF Hotels) has brokered the sale of the 101-room Country Inn & Suites located at 320 Montgomery St. in Savannah’s Historic District. The sales price was undisclosed. The buyer, an affiliate of InSite Group, plans to renovate and rebrand the hotel into a boutique property known as B Historic Savannah. The hotel will be affiliated with B Hotels & Resorts. The property will be open during renovations and will add a spa suite with customizable treatments, upscale bedding and linens and a small-plate and tapas lounge/bar in the lobby. The hotel currently features a fitness center, heated indoor swimming pool and 1,000 square feet of meeting space. NGKF Hotels represented the seller, Tara of Savannah LLC, in the privately marketed transaction.

December 10, 2014

Hospitality Texas

M&M Brokers Sale of Hospitality Property in Houston

by Haisten Willis December 9, 2014

HOUSTON — Marcus & Millichap has brokered the sale of a two-building, 109-room Holiday Inn Express Hotel & Suites in Houston. Terms of the sale were not released. Jake Gaddy and Steve Swenholt of Marcus & Millichap’s Austin office represented the seller, a Houston-based developer. Chris Gomes of the firm’s Dallas office and Allan Miller of the San Antonio office represented the buyer, a private client. The three-story hotel was built in 1999 and was converted into a Holiday Inn Express & Suites in early 2012. The hotel is located at 125 Airtex Drive and is five miles away from George Bush Intercontinental Airport. Amenities include an outdoor pool, gym, guest laundry, business center and meeting room.

December 9, 2014

Hospitality Texas

Aries Capital Arranges $8.9M Loan for Hospitality Property in Metro Houston

by Haisten Willis December 8, 2014

BAYTOWN, TEXAS — Aries Capital has arranged an $8.9 million loan for the Holiday Inn Express in Baytown. The property opened in April and is located at 7515 Garth Road across the bay from Houston. Rushi Shah of Aries’ Chicago office arranged the non-recourse, 10-year loan on behalf of the borrower, Pride Management. The loan replaces an existing full recourse, bank-constructed loan.

December 8, 2014

Hospitality Indiana Midwest

DoubleTree by Hilton Debuts New $50M Hotel in Lawrenceburg, Ind.

by Danielle Everson December 8, 2014

LAWRENCEBURG, IND. — Hilton Worldwide and DoubleTree by Hilton have opened DoubleTree by Hilton Lawrenceburg, a new $50 million hotel development at the city’s multi-purpose Lawrenceburg Event Center. Situated on the Ohio River in downtown Lawrenceburg, the nine-story, 168-room property is located at 51 Walnut St. The hotel includes a two-story lobby, which connects to an outdoor patio providing views of the city. Guestrooms overlooking the Ohio River feature a variety of amenities, including complimentary WiFi and 42-inch LCD TVs. The hotel also includes a 24-hour fitness center, business center and Wi-Fi access throughout public spaces and guest rooms. Indiana Gaming Co. LLC owns and will manage the hotel.

December 8, 2014

California Hospitality Western

Viraaj Investments Acquires Hampton Inn & Suites Merced for $8M

by Nellie Day December 8, 2014

MERCED, CALIF. – Viraaj Investments has acquired the 83-room Hampton Inn & Suites Merced for $8 million. The hotel is located at 225 S Parsons Ave., on the Highway 99 corridor. The seller, Incline Hotels, was represented by Hunter Hotel Advisors.

December 8, 2014

Alabama Hospitality Southeast

Banyan, Investra Acquire Homewood Suites Hotel in Mobile

by John Nelson December 4, 2014

MOBILE, ALA. — Banyan Investment Group and Investra Investments have acquired an 86-room Homewood Suites hotel on Providence Park Drive in Mobile. The hotel features a business center, fitness center, outdoor pool, barbecue area, onsite convenience store and 400 square feet of meeting space. Loxi Hospitality provided advisory services with the transaction. Banyan and Investra plan to implement a $2.7 million renovation to upgrade the hotel.

December 4, 2014

Hospitality Texas

Home2 Suites by Hilton Hotel Opens in College Station

by Haisten Willis December 2, 2014

COLLEGE STATION, TEXAS — Home2 Suites by Hilton has opened in College Station. The hotel is a mid-tier, all-suite property designed for business travelers and extended stay guests. The College Station location is the 45th Home2 Suites property to open nationally. The 111-suite hotel is located at 300 S. Texas Ave., one block from the Texas A&M University campus. Amenities include laundry and fitness areas, continental breakfast, pool and outdoor grills.

December 2, 2014

Hospitality Kentucky Southeast

First Hospitality, City Properties Open Hilton Garden Inn in Louisville

by John Nelson December 1, 2014

LOUISVILLE, KY. — First Hospitality Group Inc. and City Properties Group LLC have opened the 162-room Hilton Garden Inn Louisville Downtown. The seven-story, 111,000-square-foot hotel is located at 350 W. Chestnut St. in downtown Louisville’s Clay Commons District. The hotel features a fitness center and a rooftop restaurant/full-service bar known as 8UP. First Hospitality and City Properties co-developed the hotel.

December 1, 2014

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