MIDLAND — Marriott International has opened a 100-unit TownePlace Suites by Marriott, located at 5508 Deauville Blvd. in Midland. The hotel will operate as a Marriott franchise and will be owned and operated by Dallas-based Western International. The hotel offers a business center, laundry facilities, a market, outdoor swimming pool, fitness center, a bar, an outdoor patio, 1,500 square feet of meeting space and complimentary wireless Internet for all rooms.
TAMPA, FLA. — Mumford Co. has negotiated the sale of the 127-room Masters Inn, located adjacent to Interstate 4 in Tampa. David Mumford of Mumford Co.'s Newport News, Va., office, along with Steve Kirby and Burton Brooks of the firm's Atlanta office, represented the Supertel Hospitality, the seller, in the transaction. The buyer was a local operator.
OMAHA — Developers have broken ground on the first Hyatt-branded hotel in Nebraska. An affiliate of the Hyatt Hotels Corp. purchased land in Omaha for the construction of the hotel in February, and the project is expected to total $27 million. Chicago-based DLR Group designed the 10-story Hyatt Place Omaha Downtown/Old Market, which will include 159 rooms. Woodbine Development is overseeing development of the project on behalf of Hyatt affiliates and Hawkins Construction is serving as general contractor. The hotel is slated to open in 2014.
BOSTON — Hostelling International has opened the new $43 million Boston Hostel at 19 Stuart St. in Boston. Hostelling International is a network of 4,000 budget-oriented accommodations in 90 countries, favored by international and youth travelers. The 480-bed Boston hostel will replace the company's 208-bed hostel in the city's Fenway neighborhood. The property was built to LEED standards and is expected to be the first LEED-certified hostel in the nation. Prices start at $29 per night per guest and the hostel includes a cafe and community room.
CHICAGO — Sunstone Hotel Investors has agreed to buy a fee-simple interest in the 357-room Hilton Garden Inn Chicago Downtown/Magnificent Mile for $91.7 million, or $257,000 per room. The hotel is one block from the city's “Magnificent Mile” and each guest room provides views of downtown Chicago. The property also features 5,700 square feet of combined meeting space. The lodging real-estate investment trust has interest in about 30 hotels.
MAPLE GROVE, MINN. — TMI Hospitality has purchased Cambria Suites hotel in Maple Grove out of foreclosure for a reported $7.1 million. The 129-room Cambria Suites features a large lobby and all-suite rooms that include a separate living, working and sleeping space. TMI Hospitality, based in Fargo, N.D., has an existing portfolio of eight hotels in the greater Minneapolis marketplace.
HOUSTON — Sonesta International Hotels Corp. will manage the 93-room Staybridge Suites Houston Galleria, located at 5190 Hidalgo St. in Houston's Galleria area, starting August 13. Sonesta will rebrand the hotel as the Sonesta ES Suites Houston. The hotel features an outdoor swimming pool, 24-hour fitness center, season grill, guest laundry and 24-hour business center.
ROSEMONT, ILL. — Construction is complete on the $1 million renovation of the Fairfield Inn & Suites Chicago Naperville hotel in Rosemont. The project included upgrading the guest rooms, lobby, front desk, exercise room, breakfast area and meeting room. The hotel also features new carpet, wall vinyl and lighting. The hotel, which is located off of I-88, is owned by Geneva, Ill.-based Shodeen Hospitality and managed by First Hospitality Group.
QUAPAW, OKLA. — CIT Group has arranged two senior credit facilities totaling $41.6 million for the Downstream Development Authority, a subsidiary of the Quapaw Tribe of Oklahoma, for the development of a 150-room hotel tower and to refinance an existing credit facility. The hotel tower will be part of the Downtown Casino Resort, located in Quapaw. CIT Bank provided the loans, and CIT Communications, Media & Entertainment served as the sole lead arranger, lead administrative agent and sold book runner for the loans.
MINNEAPOLIS — Hyatt Regency Minneapolis has completed a $25 million renovation of the hotel's guest rooms, public areas and restaurants. A joint venture between affiliates Starwood Capital Group, Haberhill and Hyatt Hotels funded and conducted the renovations. Construction included the new Prairie Kitchen & Bar, a 5,500-square-foot restaurant specializing in locally grown and seasonal food. The project also included adding new furniture to the guest rooms, including leather chairs and walnut desks, and remodeling the bathrooms. New York-based Stonehill & Taylor was responsible for the architecture and interior design.