LEHIGHTON, PA. — Omega Hospitality has purchased a 78-room Hampton Inn Hotel by Hilton location for $4 million. The hotel is located at 877 Interchange Rd. in Lehighton and was in foreclosure at the time of the transaction. The hotel features an indoor pool, a fitness center and a whirlpool. DelShah Capital purchased the distressed asset’s mortgage note and sold the asset to Omega.
KINSTON, N.C. — The Mumford Co. has negotiated the sale of the 122-unit Hampton Inn in Kinston to LRP Hotels of Carolina. The facility will undergo extensive renovations and continue to operate as a Hampton Inn. Ed James of Mumford Co.'s Newport News, Va., office and Steve Kirby of the firm's Atlanta office represented Neuse Hospitality, the seller, in the transaction.
ATLANTA — Noble Investment Group has purchased the 160-room Residence Inn Midtown Atlanta, located on Peachtree Road in Atlanta, in an off-market transaction. The buyer will complete renovations of public areas and guest rooms.
NEW YORK CITY — Marriott International, Inc. and Granite Broadway Development have signed a franchise agreement to develop New York City’s tallest hotel — the Courtyard and Residence Inn Manhattan/Central Park. The 68-story development will house two hotels: Courtyard’s 378-room hotel and Residence Inn’s 261-room hotel. Designed by architect Nobutaka Ashihara, the new hotel building will rise 752 feet, making it the tallest stand-alone hotel building without office or residential space in New York City. The hotels will share a main entrance and a fitness center on the 34th floor, but Courtyard guests will stay on floors six through 32 and Residence Inn guests will stay on floors 36 through 64. There will be a restaurant on the second floor and a lounge and terrace with outdoor seating on the fifth floor. The project is slated for a late 2013 opening and will be managed by Interstate Hotels and Resorts.
NEW YORK CITY — Robert K. Futterman & Associates (RKF) has brokered the sale of the 4,000-square-foot retail condominium at 11 W. 51st St. in New York City’s Jewel Hotel for $17.5 million. The space is fully leased to Banco Popular. RKF’s Jeff Fishman, Mark Kapnick, Brian Segall and Jonathan Butwin represented the seller, 11 West 51 Realty. RKF also represented the buyer, Samson 51. Kapnick also arranged the 4,000-square-foot lease of retail space below Banco Popular to tapas restaurant Lizarran on behalf of Masterworks.
PHILADELPHIA — Optimum Hotel Brokerage has sold a first mortgage note securing the 240-unit Skyview Plaza Hotel in Philadelphia. Optimum’s Joseph McCann represented the seller, a regional bank, in the transaction. The buyer, a private equity fund, plans to renovate the 17-story hotel. Optimum has brokered other hotels in Pennsylvania recently, including the Hampton Inn Lehighton in Lehighton, Pa., and the York View Hotel in York, Pa.
MOUNT PLEASANT, S.C. — Mumford Company has arranged the sale of the 119-room Masters Inn, located off Highway 17 near Interstate 526 in Mount Pleasant. The buyer, OTV Masters, will continue hotel operations under the Masters Inn brand until it finalizes future plans for the property. David Mumford of Mumford’s Newport News office, with Steve Kirby, Burton Brooks and David Holcombe of the firm’s Atlanta office advised the seller, Supertel Hospitality.
NEW YORK CITY — Meridian Capital Group has negotiated $85 million in acquisition and construction financing for Chetrit Group and Clipper Equities’ purchase and repositioning of the 175,900-square-foot Hotel Chelsea, located at 222 W. 23rd St. Natixis provided the loan and Meridian’s Ronnie Levine and Aaron Birnbaum negotiated the financing.
HALLANDALE BEACH, FLA. — Miami-based Edwards Realty Services has arranged the sale of the Hallandale Beach Hotel, located at 2000 S. Ocean Dr. in Hallandale Beach, for $10 million. The hotel is a Regency Resort and Spa property. Richard Edwards represented the seller, Bosta Co., and the buyer, GBP Regency, was unrepresented.
DALLAS — Orlando, Fla.-based Inland American Lodging Group, Inc., a subsidiary of Inland American Real Estate Trust, Inc., has purchased The Fairmont Dallas for $69 million. The Fairmont Dallas is comprised of two towers totaling 545 guestrooms and 70,000 square feet of meeting space for conventions. The Fairmont has received $14.9 million in capital improvements in the past 4 years. Atlanta-based Hodges Ward Elliot brokered the transaction.
