Hospitality

ROLLINS COLLEGE BREAKS GROUND ON 112-ROOM HOTEL

by admin November 10, 2011

WINTER PARK, FLA. — Rollins College has broken ground on the 112-room Alfond Inn, located at the former Langford Hotel site approximately one block from campus in Winter Park. The 100,000-square-foot facility will feature 8,000 square feet of a ballroom and meeting space, a conservatory, signature restaurant, elevated pool deck, bar, fitness center and a series of courtyards. Baker Barrios Architects is the architect for the project and Hardin Construction Co. is the construction manager. The Olympia Cos. will manage the property upon completion in the spring of 2013. The Harold Alfond Foundation donated $12.5 million to the college to construct the project.

November 10, 2011

GENE KAUFMAN TO DESIGN TWO HOTELS IN MANHATTAN

by admin November 8, 2011

MANHATTAN — Gene Kaufman Architect is designing two new hotels, both developed by Hidrock Realty, in Midtown Manhattan. The company is reinventing the former office building at 960 Sixth Ave. into a Courtyard by Marriott and developing a groundup SpringHills Suites by Marriott at 25 W. 37th St. The 100,000-square-foot Courtyard will include 167 rooms with retail space on the ground floor. The 70,000-square-foot SpringHill Suites will include 173 rooms. The Courtyard is slated for completion in the fall of 2012, while SpringHill is expected to be completed by 2013.

November 8, 2011

Hospitality Northeast

SONESTA SLATED FOR ACQUISITION

by admin November 8, 2011

BOSTON— Hospitality Properties Trust of Newton, Mass. has agreed to acquire Boston's Sonesta International Hotels Corp. for $150 million. Sonesta's management team will remain in place and continue to run the companies properties, including the 22,000-square-foot Royal Sonesta Hotel in Cambridge. The deal is expected to take place early next year. Deutsche Bank Securities served as financial advisor to Sonesta and Goodwin Procter served as legal counsel to Sonesta in the transaction.

November 8, 2011

Hospitality Southeast

CORAL SANDS RESORT SELLS FOR $6.15M

by admin November 7, 2011

ORMOND BEACH, FLA. — The 194-unit Coral Sands Resort, located at 1009 Ocean Shore Blvd. in Ormond Beach, has sold for $6.15 million. Charles Wayne of Daytona Beach, Fla.-based Charles Wayne Properties represented Ocean Shore Investments, the seller, in the transaction. The buyer was Island Club Associates.

November 7, 2011

Hospitality Southeast

C&W ARRANGES SALE OF ATL. AIRPORT HOTEL

by admin November 7, 2011

ATLANTA — Cushman & Wakefield has negotiated the sale of the 387-room Renaissance Concourse Atlanta Airport Hotel, located at 1 Hartsfield Centre Pkwy. in Atlanta. Tom McConnell and Ernest Lee of Cushman & Wakefield Sonnenblick Goldman's New York office represented the seller, an institutional owner. The buyer was an investment group between Clearview Hotel Capital and a real estate fund managed by Oaktree Capital Management.

November 7, 2011

Hospitality Western

HOLIDAY INN EXPRESS REOPENS IN DOWNTOWN LA

by admin November 4, 2011

LOS ANGELES – The 95-room Holiday Inn Express Los Angeles Downtown West has reopened after undergoing a $1.25-million renovation. The renovation, which was undertaken after InterContinental Hotels Group converted the property from a Ramada Limited hotel,included upgrades to the guest rooms and exteriors. It is part of the new $1-billion Holiday Inn relaunch that IHG announced in 2007.

November 4, 2011

Hospitality Southeast

HARDIN CONSTRUCTION TOPS OFF FLA. HOTEL

by admin November 3, 2011

KISSIMMEE, FLA. — Hardin Construction has topped off the 300-unit Embassy Suites Orlando – Lake Buena Vista South, located at 4955 Kyng's Heath Rd. in Kissimmee. Helman Hurley Charvat Peacock Architects is the architect of record for the project, which is slated for completion in the fall of 2012.

November 3, 2011

Hospitality Southeast

RLJ LODGING TRUST BUYS COURTYARD BY MARRIOTT FOR $42M

by admin November 1, 2011

CHARLESTON, S.C. — RLJ Lodging Trust has purchased the 176-room Courtyard by Marriott Charleston Historic District, located at 125 Calhoun St. in Charleston, from Noble Investment Group for $42 million. A new tower was recently completed at the hotel, which added an additional 53 guest rooms and 2,100 square feet of meeting space. Atlanta-based Hodges Ward Elliott represented the seller in the transaction.

November 1, 2011

Hospitality Southeast

HOME2 SUITES BREAKS GROUND ON $7.3M HOTEL

by admin October 28, 2011

COLUMBUS, GA. — Home2 Suites by Hilton has broken ground on an 81-room hotel, located at 1664 Whittlesey Rd. in Columbus. Ram Hotels is developing the four-story property. Upon completion, Nirvana Hospitality will own the hotel and Ram Hotel Management will manage it. The property is slated to open in September 2012.

October 28, 2011

Hospitality Texas

GRANDBRIDGE ARRANGES $16.4M LOAN FOR TWO HOTELS

by admin October 28, 2011

GALVESTON — Grandbridge Real Estate Capital has secured a $16.4 million construction/permanent loan for an 85-room Marriott Courtyard and an 88-room TownePlace Suites, both located in Galveston. Gary Dunkum of Grandbridge's Houston office arranged the financing with an 18-month term for construction and a 5-year permanent loan with a 24-year amortization schedule through one of Grandbridge's correspondent lenders.

October 28, 2011

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