SAN ANTONIO — Homewood Suites by Hilton, the upscale extended-stay brand of Hilton Worldwide, has opened its newest hotel in San Antonio. Homewood Suites by Hilton San Antonio/SeaWorld is a four-story, 109-suite property located 12 miles from downtown San Antonio and in close proximity to attractions such as SeaWorld, the Alamo, Six Flags Fiesta Texas, San Antonio Zoo and the San Antonio Riverwalk. SAT WestLakes Inc. owns the hotel, the third in the San Antonio area under the Homewood Suites by Hilton brand. Baywood Hotels Inc. manages the property, which features a 24-hour on-site pantry, fitness center, outdoor pool and 700 square feet of meeting space.
LAS VEGAS – The 634-room Downtown Grand Las Vegas opened its doors today in Downtown Las Vegas. It is located on 3rd Street and East Ogden Avenue within the city’s Downtown3rd redevelopment corridor. The two-tower hotel contains 25,000 square feet of gaming space, in addition to many bars and restaurants. It also features a rooftop area called PICNIC with an infinity pool, private cabanas, a fire pit, and a restaurant and bar. The hotel was redeveloped by CIM Group. It formerly functioned as the Lady Luck until 2006. CIM has leased the casino portion of the project to Fifth Street Gaming, which holds the property’s gaming license. This is CIM’s first investment within this community. It is also working with the city to create a destination retail center near the Mob Museum, which is right across from Downtown Grand. This project is approved for 102,800 square feet of retail and conference space.
CARMEL, CALIF. — The 165-room Carmel Mission Inn has sold to LoganView Capital for an undisclosed sum. The hotel is located at 3665 Rio Road in Carmel on the Monterey Peninsula. The new owner plans to renovate and reposition the property. The seller, a private, regional real estate firm, was represented by CBRE’s Henry Bose and Mark McDermott.
PITTSBURGH — DoubleTree by Hilton Pittsburgh-Green Tree has undergone a $20 million renovation. The new owner, RIDA Development Corp., renovated hotel’s 460 guestrooms, including 11 new suites. The redesign features more than 40,000 square feet of event space, including the addition of the 10,000-square-foot grand ballroom and 17 break-out rooms. The hotel features Champions Club Lounge, a sports bar fitted with a media wall with several flat-screen television sets and new fitness center, which includes an indoor heated pool. Pittsburgh-based CAM Hospitality Management LLC manages the hotel. Jim Looney of Jim Looney & Associates developed the new lodge design.
CARMEL, CALIF. — The 165-room Carmel Mission Inn has sold to LoganView Capital for an undisclosed sum. The hotel is located at 3665 Rio Road in Carmel on the Monterey Peninsula. The new owner plans to renovate and reposition the property. The seller, a private, regional real estate firm, was represented by CBRE’s Henry Bose and Mark McDermott.
GREENSBORO, N.C. — HREC Investment Advisors has arranged the sale of a 116-room Sleep Inn in Greensboro. The hotel is located at the intersection of Interstate 40 and Route 62 near the Piedmont Triad International Airport, University of North Carolina-Greensboro and Greensboro Coliseum. Monty Levy, Ketan Patel and Scott Stephens of HREC Investment Advisors represented the seller, an institutional loan servicer, in the transaction.
BELLEVUE, WASH. — Chatham Lodging Trust has acquired the 231-room Residence Inn by Marriott Seattle Bellevue/Downtown for $71.8 million. The hotel is located along I-405 near the Microsoft, Amazon, Expedia, T-Mobile and AT&T campuses. It is the only extended-stay asset in downtown Bellevue. The hotel is managed by Island Hospitality Management.
BELLEVUE, WASH. — Chatham Lodging Trust has acquired the 231-room Residence Inn by Marriott Seattle Bellevue/Downtown for $71.8 million. The hotel is located along I-405 near the Microsoft, Amazon, Expedia, T-Mobile and AT&T campuses. It is the only extended-stay asset in downtown Bellevue. The hotel is managed by Island Hospitality Management.
NAPERVILLE, ILL. — Thorofare Capital has arranged $11.5 million in financing for the acquisition of a 242-room Wyndham hotel in suburban Chicago, which will be converted to a Sheraton. The hotel features 25,000 square feet of conference and ballroom space and is located in Naperville. Starwood Hotels & Resorts recently signed a 20-year franchise agreement for the property.
ROCHESTER, N.Y. — NorthMarq Capital has arranged $11 million in financing for the Hilton Garden Inn, located 155 East Main St. in Rochester. Financing was based on a seven-year term and a 25-year amortization schedule. Sam Berns, managing director at NorthMarq, arranged the financing for the borrower through a life insurance company.