STILLWATER, OKLA. — Stillwater Plaza, a 122-room hotel located at 600 E. McElroy Rd. in Stillwater, has sold for $1.7 million. Jonathan Ruprai, a hospitality investment specialist with Marcus & Millichap's Tampa, Fla., office and David Bohanon with the firm's Oklahoma City, Okla., office marketed the hotel property on behalf of the seller, an unlisted bank and financial institution. Stillwater Plaza was built in 1982.
EAST MARION, N.Y. — Marcus & Millichap has completed the sale of a Long Island hotel for $2.02 million. Inn at the Blue is a 29-room boutique property located in East Marion. Christopher Marks and Sean Mooney of Marcus & Millichap Capital Corp. represented the seller, a financial institution. Ken Hoff of Marcus & Millichap's Manhattan office represented the buyer, which owns another hotel on Long Island.
PALM DESERT, CALIF. — Barnhart Balfour Beatty has completed the $4.5 million upgrade to the clubhouse at Desert Willow Golf Resort, located approximately 11 miles east of Palm Springs in Palm Desert. The clubhouse now offers an additional 12,000 square feet of outdoor patio space, with an increased seating capacity of 100 outdoor dining seats and an increased banquet capacity of 250. The clubhouse interior has been expanded by 5,300 square feet. Barnhart Balfour Beatty’s construction management staff consisted of Layne Arthur, Mark Chappell and Erin Driscoll. The City of Palm Desert Redevelopment Agency funded the project, which was designed by SMS Architects and MDR Architects.
DEL RIO AND PLANO — A 59-room Comfort Inn & Suites, located at 3636 Veterans Blvd. in Del Rio, has sold. Allan Miller of Marcus & Millichap's Austin office represented both parties, both limited liability companies, in the transaction. In addition, Patrick Giles and Craig Lewin of Marcus & Millichap's Dallas office represented the seller, a Plano-based private investor, in the sale of Plastic & Cosmetic Surgery Center of Texas, an 11,000-square-foot, single-tenant net-leased property in Plano. New York-based Broadstone Net Lease purchased the medical office property, located at 5316 W. Plano Pkwy. The single-story building includes two state-licensed, Medicare-approved operating rooms.
BOSTON — Hostelling International (HI) has sold a 22,000-square-foot hostel located at 12 Hemenway St. in Boston for $4.75 million. The new owner, Hemenway Realty Ventures, will lease the building back to HI for an 18-month term. The hostel will continue operation while HI redevelops the nearby Dill Building into a new hostel. The new facility will open spring 2012. Leigh Freudenheim of Colliers International represented both parties in the deal.
WASHINGTON, D.C. — Atlanta-based Jamestown has acquired The Madison Hotel in Washington, D.C. The acquisition also includes The Madison office building, an adjacent 95,000-square-foot office property. Jamestown purchased the properties for $123 million from Bentall Kennedy. Built in 1963, The Madison Hotel offers 353 guest rooms, 13 suites and 14,000 square feet of event space. Jamestown has a $20 million renovation planned for the hotel, which will relaunch in spring 2012. The company has retained interior designer Dominick Coyne and his team to head the interior renovations of the guest rooms and communal spaces. The hotel will be operated by managing agent Destination Hotels & Resorts.
BLOOMINGTON, MINN. — InterContinental Hotels Group (IHG) has relaunched Crowne Plaza Hotel & Suites Minneapolis Airport after a conversion from the Holiday Inn brand. Located at Three Appletree Square in Bloomington, the hotel received a $2 million renovation and upgrade, adding a Caribou Coffee oasis and 18,000 square feet of meeting space. The 13-story, 430-room hotel features 120 junior suites, five bridal suite and one presidential suite. All guest rooms feature 37-inch, LCD flat-panel televisions, microwaves and refrigerators. Hotel amenities include a 24-hour business center, wireless Internet access, a 2,500-square-foot Precor Fitness center, an Olympic-sized indoor pool, a complimentary 24-hour airport shuttle service and Martels Restaurant and Lounge. The hotel is owned by Associated Hotels LLC.
ALLAMUCHY, N.J. — Philadelphia-based Optiimum Hotel Brokerage has completed the short sale of the Inn at Panther Valley in Allamuchy. The 100-unit, boutique hotel was closed at the time of the sale. The buyer was an assisted living operator that plans to convert the hotel into senior housing. Joe McCann of Optimium represented the seller, working in cooperation with the lender.
O'FALLON, ILL. — Swansea, Ill-based Holland Construction Services has completed the new Faith Formation Spirituality Center and Activity Center at St. Nicholas Roman Catholic Church in O'Fallon. The 9,800-square-foot spirituality center features a day chapel, a nursery, three classrooms, a large community room with a scullery and serving area, and small discussion rooms. The 11,628-square-foot activity center features a youth rooms, three pre-school classrooms and a multi-purpose room. Project partners include Fairview Heights, Ill.-based W. B. Ittner, Fairview Heights-based Hoelscher Engineering and Belleville, Ill.-based BRIC Partnership.
CARROLLTON — Carrollton-based Accor North America, an owner/operator of economy lodging, opened 58 hotels across the country in 2010, including 55 Motel 6 hotels and three Studio 6 properties, totaling more than 4,800 rooms. The 2010 additions cover 20 U.S. states and one Canadian province. Additions to the Motel 6 network in Texas included Amarillo, Bedford, Brownsville, Cedar Park, Dallas, Eagle Pass, El Paso, Fort Worth, Irving, Katy, Marble Falls, Nacogdoches, Port Arthur, Rosenberg, Seguin, Valley View and Wichita Falls.