Hospitality

HOME2 SUITES BY HILTON OPENS NEW HOTEL IN MISSISSIPPI

by admin September 19, 2013

SOUTHAVEN, MISS. — Home2 Suites by Hilton has opened its 22nd U.S. hotel at 6750 Southcrest Parkway in Southaven, about 14 miles outside of Memphis, Tenn. The four-story, 105-room Home2 Suites by Hilton Memphis/Southaven is the brand's third hotel in Mississippi. Cohen Realty Inc. owns the hotel and Vista Host Inc. manages the property. The new hotel features a Home2 MKT for convenience items, a Spin2 Cycle fitness/laundry facility, continental breakfast room, complimentary shuttle to and from the airport, an indoor pool, patio with grills, a dog park and a walking trail.

September 19, 2013

HPCG ARRANGES $3.9M LOAN FOR HOTEL IN INDIANAPOLIS

by admin September 19, 2013

INDIANAPOLIS — Hyde Park Commercial Group (HPCG) has closed a $3.9 million loan for a 188-room unflagged hotel in Indianapolis. The owners plan to use the loan to renovate and rebrand the hotel as a Clarion by Choice Hotels. The loan was arranged through a specialty lender and allows the ownership to refinance their existing debt. Through due diligence, HPCG was able to work with the sponsors to bring in Choice Hotels, assist to obtain a Clarion flag, recommended a new management company and assist with renovation.

September 19, 2013

Hospitality Western

HYATT REGENCY DENVER TECH CENTER CHANGES HANDS

by admin September 19, 2013

DENVER — JMIR Acquisitions, LLC has purchased the 451-room Hyatt Regency Denver Tech Center for an undisclosed sum. The hotel is located at 7800 E. Tufts Ave. in Denver. The property also features a newly renovated lobby, the new Root 25 Taphouse & Kitchen, and 30,000 square feet of function space, including an 11,000-square-foot ballroom. The seller was Hyatt Equities, (Den) LLC. HREC Investment Advisors served as the exclusive investment banking agent for Hyatt Hotel Corporation. The property will be managed by Davidson Hotels & Resorts.

September 19, 2013

Hospitality Southeast

MBA HOTEL BROKERS ARRANGES $1.6M SALE OF RAMADA INN IN FLORIDA

by admin September 16, 2013

TITUSVILLE, FLA. — MBA Hotel Brokers Inc., a member of Hotel Brokers International, has arranged the $1.6 million sale of the Ramada Inn Titusville/Kennedy Space Center in Titusville, about 35 miles outside of Orlando. The 124-room hotel is located at 3500 Cheney Highway near Interstate 95, beach communities, the Kennedy Space Center. Charlie Fritsch of MBA Hotel Brokers represented the seller, Painter Bay Trust, in the transaction. Fritsch also procured the buyer, Shivstar Investments LLC, which plans to covert the hotel to a different brand. The seller recently invested $300,000 to upgrade the hotel.

September 16, 2013

Hospitality Midwest

MUMFORD CO. BROKERS SALE OF COURTYARD BY MARRIOTT OF GOSHEN

by admin September 16, 2013

GOSHEN, IND. — Mumford Co. has arranged the sale of the Courtyard by Marriott of Goshen, a two-story, 91-room hotel located about 28 miles east of South Bend. Morris Lasky Receiver and Torchlight Investments sold the hotel to a North Carolina-based owner and operator with holdings in the Midwest. The new owner plans to renovate and rebrand the property. Steve Kirby, principal, Ed James, principal, and Lance Potter, vice president at Mumford Co., represented the seller in the transaction. Located on U.S. Highway 33 at Goshen’s primary retail corridor, the property is Goshen’s largest hotel, according to Mumford Co. Amenities at the hotel include an indoor and outdoor pool with hot tub, exercise room and The Market, a convenience store adjacent to the front desk.

September 16, 2013

Hospitality Texas

HISTORIC SAN ANTONIO BREW HOUSE TO RELAUNCH AS HOTEL PEARL

by admin September 13, 2013

SAN ANTONIO —Investment firm Silver Ventures Inc. and three: living architecture plan the extensive renovation of the historic Pearl Brewery brew house. The property, part of the 22-acre Pearl Brewery campus that now serves as a mixed-use development, will relaunch as Hotel Pearl in the summer of 2014. Designed by three in collaboration with Roman and Williams, the new hotel will offer 146 rooms plus dining, social and meeting spaces. Kimpton Hotels will manage Hotel Pearl.

September 13, 2013

Hospitality Northeast

STARWOOD HOTELS TO DEBUT TWO HOTELS IN QUEENS

by admin September 11, 2013

NEW YORK CITY — The New York City borough of Queens will soon be home to a dual-hotel development featuring two popular Starwood brands. Starwood Hotels & Resorts Worldwide Inc. has announced plans to open two hotels — Four Points by Sheraton and Element — in the area in September 2015. The project, to be developed by Century Construction Group, will include the 178-room Four Points by Sheraton Flushing and the 118-room Element Flushing. The property, which will be about a 10-minute drive from LaGuardia Airport, will have a combined 2,600 square feet of meeting space and will include a shared fitness center and heated pool. Starwood has three Four Points properties and one Element hotel in Manhattan, in addition to another Four Points in Long Island City.

September 11, 2013

Hospitality Northeast

JOINT VENTURE TO DEVELOP 12 BOSTON-AREA HOTELS

by admin September 9, 2013

BOSTON — Value Place, an economy extended-stay hospitality brand, and Dinosaur Capital Partners, a Boston-based development and investment firm, plan to develop 12 new corporate hotels in the Boston area during the next two years. Boston is Wichita, Kan.-based Value Place’s latest focus in its continuing expansion across the country. Value Place has teamed with Dinosaur Capital Partners to identify, acquire and develop suitable locations, with construction of the company’s first Boston-area, 124-unit property slated to begin in the first quarter of 2014. Initially, Dinosaur and Value Place will focus on acquiring locations in and around Boston, but within Route 495. Jack DeBoer, creator of Residence Inn, Summerfield Suites and Candlewood Suites, founded Value Place.

September 9, 2013

Hospitality Northeast

132-ROOM HOLIDAY INN OPENS IN MANHATTAN

by admin September 6, 2013

NEW YORK CITY — A new 132-room Holiday Inn hotel has opened its doors in Manhattan’s Lower East Side neighborhood. Designed by Gene Kaufman Architect PC, the eight-story hotel features a red brick façade with blue and green brick inserts. The 60,000-square-foot hotel, located at 150 Delancey St., also features a landscaped courtyard, guest lounge, full-service restaurant and bar, fitness center, meeting facilities and complimentary Internet access.

September 6, 2013

Hospitality Western

PEBBLEBROOK HOTEL TRUST BUYS HOTEL MODERA IN PORTLAND FOR $47.5M

by admin September 4, 2013

PORTLAND, ORE. — Pebblebrook Hotel Trust has purchased the 174-room Hotel Modera in Portland for $47.5 million. The hotel is located at 515 SW Clay Street. It was originally built in 1962 and underwent a $13-million renovation in 2008. The seller, Posh Ventures LLC, was represented by Paramount Lodging Advisors in this transaction.

September 4, 2013

Newer Posts

Older Posts