KANSAS CITY, MO. — Rockwood Real Estate Advisors has arranged the sale of the Q Hotel and Spa – Kansas City, a 123-room hotel located in the Westport area of Kansas City. Rockwood represented The Quarterage LLC in the sale of the hotel to Noble Investment Group, which intends to reposition the property as an AC Hotel by Marriott. The Q Hotel and Spa is minutes from downtown Kansas City, the Crown Center and the Country Club Plaza.
Hospitality
SOUTHINGTON, CONN. — Homewood Suites by Hilton has opened a four-story, 110-suite hotel in Southington, located about 18 miles southwest of Hartford. Homewood Suites Southington offers studio, one- and two-bedroom suites, with additional guest amenities including a 24-hour complimentary grocery shopping service, fitness center and a 24-hour business center. The hotel is located at 1096 West St. The Briad Group owns the hotel, which is managed by Briad Hospitality Management LLC.
GRAPEVINE, TEXAS — Owner/operator NewcrestImage has opened the first “dual-branded” hotel property in the Dallas/Fort Worth Metroplex. Located in the suburb of Grapevine, the facility includes a 181-room Courtyard by Marriott and a 120-suite TownePlace Suites by Marriott. While maintaining separate branding, the hotels share the same management, sales and housekeeping staffs, as well as an outdoor swimming pool, fitness center and 13,000 square feet of meeting space. The property is the third dual-branded hotel in the state of Texas, with others in Houston and Austin. NewcrestImage now owns and operates 17 hotel properties, with five under construction and two in various stages of development.
ATLANTA — Franklin Street Real Estate Services has arranged the sale of the Ponce DeLeon Hotel, a 58-room, extended-stay hotel at 551 Ponce De Leon Ave. in Atlanta. The hotel is located just east of the new Ponce City Market and is within walking distance to Atlanta’s Midtown, Virginia Highland and Old Fourth Ward neighborhoods. Nazar Properties LLC purchased the 18,500-square-foot asset for an undisclosed amount. Jake Reid of Franklin Street represented the seller, an Atlanta-based family that owned the hotel for 60 years.
CHICAGO — On behalf of HCP Oxford OBG Wacker/Cass Property Cos. LLC, a joint venture led by Oxford Capital Group LLC and Jones Lang LaSalle (JLL) has secured $70.5 million for the refinancing of Hotel Felix and Hotel Cass in Chicago. The joint venture received $47 million for the 225-room Hotel Felix and $23.5 million for the 174-room Hotel Felix. The hotels are located in Chicago’s River North submarket in close proximity to the Magnificent Mile. An international lender provided the 10-year CMBS loans, which include fixed interest rates. Mathew Comfort, managing director, Keith Largay, executive vice president, and Matt Nowaczyk, vice president, led the Jones Lang LaSalle team, which arranged the financing.
BIG RAPIDS, MICH. — On behalf of Big Rapids Country Lodging LLC, Mumford Co. has sold the Country Inn & Suites of Big Rapids to Jackson Superior Hospitality Inc. Built in 2003, the three-story hotel includes 63 rooms, a business center, fitness center, guest laundry and a heated indoor pool. Big Rapids Country Lodging LLC is a South Dakota-based investment group, which is pruning its portfolio of non-core branded assets. Jackson Superior Hospitality Inc. is a Michigan-based group with extensive lodging holdings throughout the state. The new owner plans to upgrade and renovate the hotel. David Mumford, senior principal of Mumford Co.’s Newport News, Va., office and Lance Potter, vice president in the firm’s Chicago office, arranged the transaction.
SAN ANTONIO — HREC Investment Advisors has brokered the sale of Hawthorn Suites North East, a 12-suite, extended-stay hotel in San Antonio. The property is located off Highway 1604, in proximity to Randolph Air Force Base and San Antonio International Airport, as well as attractions such as SeaWorld San Antonio, Six Flags Fiesta Texas and HemisFair Park. Hank Wolpert and Geoff Davis of HREC marketed the property on behalf of the seller, Live Oak Lodging LP. Jacobs East Loop LLC, an affiliate of Jacobs Real Estate Advisors, purchased the property via the Auction.com platform.
MIAMI — Hersha Hospitality Trust, an owner of upscale hotels in gateway markets, has entered into a definitive purchase agreement for two Marriott Autograph Collection hotels in Miami’s South Beach submarket. Hersha will purchase the hotels, which total 145 rooms, for approximately $51 million. The two hotels include the 75-room Blue Moon Hotel and the 70-room Winter Haven Hotel. After closing, Hersha will manage the two hotels, which recently underwent renovations totaling $9 million.
SALT LAKE CITY – The former 288-room Hilton Salt Lake City Airport has received a $5.3-million renovation and rebranding. It is now the DoubleTree by Hilton Hotel Salt Lake City Airport. The hotel was acquired by Laurus Corporation in July 2012. It is located at 5151 Wiley Post Way.
SALT LAKE CITY – The former 288-room Hilton Salt Lake City Airport has received a $5.3-million renovation and rebranding. It is now the DoubleTree by Hilton Hotel Salt Lake City Airport. The hotel was acquired by Laurus Corporation in July 2012. It is located at 5151 Wiley Post Way.