WASHINGTON, PA. — Concord Hospitality Enterprises has broken ground for the construction of a new Courtyard by Marriott in the Pittsburgh suburb of Washington. The new hotel will be located at 1800 Tanger Blvd. near an existing Tanger Outlets Mall. It will contain 124 suites and will be designed for LEED certification. Braun & Steidl Architects is designing it, and McCay Contracting is the general contractor. Completion is slated for summer 2011.
Hospitality
DENVER — Interstate Hotels & Resorts has formed a joint venture with Waramaug Hospitality LLC and an investment management company to acquire the 262-room Sheraton Denver Tech Center Hotel for an undisclosed amount. HREC Investment Advisors’ Mike Cahill arranged the sale. The only Sheraton-branded hotel in the high-density Tech Center area, the full-service property will immediately undergo a $5.75 million renovation, including a complete makeover of the guest rooms, public and meeting space, food and beverage areas, and recreational offerings. Located at 7007 South Clinton Street, the Sheraton Denver Tech Center Hotel offers 10,500 square feet of meeting space, a business center, an exercise room, an outdoor swimming pool, a gift shop and the full-service Redfire Restaurant & Lounge. Interstate assumed management of the hotel upon completion of the acquisition.
ARLINGTON, VA. — NorthMarq Capital has arranged $22.7 million in permanent first mortgage financing for Arlington Court Suites. The 187-room hotel is located in Arlington. Gery McGlynn and Kenneth Gentzel of NorthMarq's Washington, D.C., office arranged the financing for the undisclosed borrower.
COLUMBUS, OHIO — Concord Hospitality Enterprises, in a joint venture with Continental Real Estate Cos., has broken ground for the construction of SpringHill Suites by Marriott in Columbus. Located at 1421 Olentangy River Road, the 136-suite property is scheduled to open this summer. Meyers + Associates Architecture designed the four-story property to achieve LEED certification. Continental Building Systems is serving as general contractor.
BATON ROUGE, LA. — Hotel Indigo has opened Hotel Indigo Baton Rouge Downtown Riverfront in Baton Rouge. Located at the corner of Convention and Lafayette streets, the 93-room hotel features King Bar & Bistro, executive suites, executive floors, a 24-hour business center, a boardroom, complimentary WiFi and high-speed Internet access in guestrooms. The hotel is owned by Project King LLC and managed by Baton Rouge-based Nu Vieux LLC in a license agreement with a company in the InterContinental Hotels Group.
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.