AUSTIN, TEXAS — Home2 Suites by Hilton, Hilton Worldwide’s mid-tier, all-suite brand, has opened a new location at 14022 U.S. Highway 183 in Austin. Home2 Suites by Hilton Austin/Cedar Park is a four-story hotel that includes 84 suites and amenities such as a combined laundry and fitness area, outdoor saline pool and free continental breakfast. Pure Lodging Hospitality Two LLC owns the property, while Lodgic Hospitality manages operations. This is the 23rd location in the United States of the Home2 Suites by Hilton brand.
WEST HOLLYWOOD, CALIF. — Northwood Investors LLC has purchased The London West Hollywood, a 200-room hotel in the Los Angeles submarket, for an undisclosed sum. The all-suite luxury hotel is located at 1020 N. San Vicente Blvd. in West Hollywood. The hotel features a restaurant by Gordon Ramsey, as well asa rooftop pool and lounge. This is Northwood’s first West Coast acquisition. The hotel will be managed by Northwood Hospitality LLC, a Northwood affiliate.
CHICAGO — HREC Investment Advisors has arranged $20.3 million in financing for the 162-guestroom Hotel Blake in the Printers Row neighborhood of Chicago. The lender was a debt fund. The borrower plans to use proceeds from the loan to reposition the hotel. Hotel Blake is located at 500 S. Dearborn St. in Chicago. Amenities at the hotel include a 24-hour fitness and business center and complimentary Wi-Fi.
LOS ANGELES — Plaza La Reina, an extended-stay, hotel/retail project in the Los Angeles submarket of Westwood, will soon be completed. It will be located at 10488-52 Lindbrook Drive. Plaza La Reina, LP has tapped Bernards to finish the partially built project. It will be designed by Moule & Polyzoides.
LOS ANGELES — Plaza La Reina, an extended-stay, hotel/retail project in the Los Angeles submarket of Westwood, will soon be completed. It will be located at 10488-52 Lindbrook Drive. Plaza La Reina, LP has tapped Bernards to finish the partially built project. It will be designed by Moule & Polyzoides.
CLEVELAND, OHIO — Cuyahoga County has selected Hilton Worldwide to operate a 600-650 room convention center hotel that is currently under development in downtown Cleveland. The hotel will feature subterranean links to the Global Center for Health Innovation and the new convention center, which is also under development. The hotel will also feature approximately 55,000 square feet of meeting space, a full-service restaurant, lobby bar, an indoor pool and fitness center. The new convention center hotel is scheduled to open by 2016. Cuyahoga County is the owner of the hotel, which financed the project through a combination of tax-exempt bonds and other tax-revenue sources. VOA Associates and Atlanta-based Cooper Carry are the joint architectural firms involved in the project and New York City-based Andersen-Miller is managing the interior design.
NEW YORK CITY — HFF has closed the $35 million sale of a 9,875-square-foot development site in Manhattan’s Hudson Yards neighborhood. HFF worked on behalf of the seller, a subsidiary of Lehman Brothers Holdings Inc. New York-based real estate developer David Marx purchased the land parcel, located at 448-452 11th Ave. and 556 W. 37th St. Andrew Scandalios and Jose Cruz, senior managing directors, and Jeffrey Julien and Kevin O’Hearn, managing directors, led the HFF team representing the seller.
PORTLAND, ORE. — RLJ Lodging Trust has purchased the 106-room SpringHill Suites Portland Hillsboro for $24 million. The hotel is located at 7351 NE Butler Street near Intel’s Ronler Acres campus. It underwent a major renovation in 2011.Al Calhoun, Mark Fraioli and Melvin Chu of Jones Lang LaSalle represented the seller, an entity consisting of affiliates CPA:17 – Global; a publicly held, non-traded REIT affiliate of W. P. Carey Inc.; Watermark Capital Partners, LLC; and Montclair Hotel Investors, Inc
DALLAS — Homewood Suites by Hilton, Hilton Worldwide’s brand of upscale extended-stay hotels, has opened its newest location in downtown Dallas. Lowen 1025 Elm LP owns the building, which was originally the United Fidelity Life Insurance building and underwent extensive renovation as part of Homewood Suites’ adaptive re-use program. Lowen Hospitality Management LLC will manage the new property, which totals 130 suites over 10 stories. Located at 1025 Elm St., in close proximity to the West End and the Dallas Convention Center, the hotel includes amenities such as an indoor pool, 24-hour on-site pantry, golf simulator and fitness center.
PORTLAND, ORE. — RLJ Lodging Trust has purchased the 106-room SpringHill Suites Portland Hillsboro for $24 million. The hotel is located at 7351 NE Butler Street near Intel’s Ronler Acres campus. It underwent a major renovation in 2011. Al Calhoun, Mark Fraioli and Melvin Chu of Jones Lang LaSalle represented the seller, an entity consisting of affiliates CPA:17 – Global; a publicly held, non-traded REIT affiliate of W. P. Carey Inc.; Watermark Capital Partners, LLC; and Montclair Hotel Investors, Inc