DEER PARK — Marcus & Millichap has arranged the approximately $2.38 million sale of the 56-room Best Western Deer Park Inn & Suites, located at 1401 Center St. in Deer Park. Rahul Bijlani, Michael Yu and Eric Guerrero of Marcus & Millichap's Houston office represented the seller, a private investor, in the transaction. Bijlani, Yu and Guerrero also represented the out-of-state buyer.
WILLIAMSTOWN, MASS. AND CONCORD, N.H. — US Hotels Group has acquired two boutique hotels — The Orchards in Williamstown and The Centennial in Concord, from the Carlyle Group. The Orchards is a rural property situated in the Berkshire Mountains. The 49-room hotel features 3,100 square feet of event and meeting space, a steakhouse and numerous amenities. The contemporary Centennial Hotel offers guests modern accommodations within a Victorian Landmark property. The Centennial features conference and private event space and includes the Granite Restaurant and Bar.
SOUTHINGTON, CONN. — Viththal Bank has acquired a Days Inn Hotel in Southington from Lighthouse Laning St., an entity of a California-based private investor, for $2.4 million. Originally built as a Howard Johnson in 1965, the 71-unit hotel operated as a Red Carpet Inn prior to foreclosure by the lender. In consultation with Hamm & Co., Lighthouse installed professional management, renovated the hotel and reflagged the property as a Days Inn. The repositioning increased occupancies from 15 percent prior to foreclosure to more than 80 percent. The hotel is located off Exit 32 on I-84. Freedom National Bank provided the SBA financing for the deal. Sperry Van Ness represented the seller in the transaction.
RALEIGH, N.C. — Roundabout Partners has sold the 202-room Clarion Hotel, located in Raleigh, to South Hospitality for $9.35 million. The buyer plans to convert the hotel back to a Holiday Inn. The property includes 7,800 square feet of meeting space, an outdoor swimming pool, fitness and business centers and a restaurant. Monty Levy and Ketan Patel of HREC Investment Advisors represented the seller in the transaction.
COLUMBUS, GA. — The 81-suite Home2 Suites by Hilton, located at 1664 Whittlesey Road in Columbus, has opened. The all-suite hotel is the first in Georgia. Amenities include the Oasis lobby area, the Home2 MKT, Spin2 Cycle and complementary breakfast. Nirvana LLC owns the property and RAM Hotels manages it.
OLDSMAR AND LUTZ, FLA. — MIG Real Estate has purchased a three-hotel portfolio, located in Oldsmar and Lutz, from Menna Development & Management. The portfolio includes the 99-room Courtyard by Marriott, located at 4014 Tampa Road in Oldsmar; the 78-room Residence Inn by Marriott, located at 4012 Tampa Road in Oldsmar; and the 100-room Residence Inn by Marriott, located at 2101 Northpointe Parkway in Lutz. The buyer plans to renovate the lobby, guestrooms and other public spaces in the Courtyard, as well as the lobby and public spaces of the Residence Inn in Oldsmar. Concord Hospitality Enterprises will manage the properties. Ron Danko, Robert Taylor and Zoe Martineau of CBRE Group represented the seller in the transaction.
GOLETA, CALIF. – A new 106-room Courtyard by Marriott has opened in Goleta. Thisis the city’s first-ever Marriott hotel. A joint venture between R.D. Olson Development and Wynmark Company broke ground on the 68,000-square-foot hotel less than a year ago. The hotel was designed by Lee and Sakahara Architects and built by R.D. Olson Construction. The cost of construction totaled $12 million. The Courtyard by Marriott is situated on 3.02 acres near the Goleta Technology Park, the University of California, Santa Barbara,gent and the Pacific Ocean.
LANGHORNE, PA. — TMI Hospitality has opened the newly constructed SpringHill Suites by Marriott Philadelphia Langhorne. The 91-suite hotel is located at 200 N. Buckstown Dr. in Langhorne, approximately 30 minutes from downtown Philadelphia. Each guestroom features a large desk with an ergonomic chair, two phone lines and high-speed Internet access. Additional features include an indoor swimming pool and spa, fitness center and meeting room. The property is TMI's first hotel in the state, and the company plans to open its second hotel in Pennsylvania later this year.
IRVING — Rockwood Real Estate Advisors has brokered the sale of the 168-room Wyndham Las Colinas, a hotel located in the Las Colinas community in Irving. The hotel features a business center, an indoor pool, fitness center, concierge, guest laundry and shuttles to area attractions. Andrew Kern and David Altobello of Rockwood's Bethesda, Md., office represented the seller, an affiliate of Investcorp International, in the transaction. Rockwood also sourced local investors to purchase the property.
ANAHEIM, CALIF. – The 222-room Embassy Suites – Anaheim-North has sold to Urban Commons, LLC for $25.5 million. The seller, FelCor, will use the net proceeds to repay a portion of the $88-million balance on its CMBS loan that matures in 2013. FelCor was represented by HREC Investment Advisors.
