Hospitality

CROWNE PLAZA CLEVELAND SOUTH Ð INDEPENDENCE OPENS

by admin May 5, 2010

INDEPENDENCE, OHIO — InterContinental Hotels Group has opened Crowne Plaza Cleveland South – Independence after a $4 million renovation project. Located at 5300 Rockside Road, the property features 179 guestrooms, more than 10,000 square feet of meeting space, a fitness center, an indoor pool, a business center, a restaurant and a lounge. The renovations included a new fitness center, a new boardroom and upgrades throughout the hotel. The hotel is owned by Rockside Hospitality and managed by American Resort Management, under a license agreement with a company in the InterContinental Hotels Group.

May 5, 2010

NEWPORT NEWS HOTEL SOLD

by admin April 30, 2010

NEWPORT NEWS, VA. — Josef's Hospitality has purchased a five-story hotel, which was formerly branded Comfort Inn North of Orlando, from a receiver for an undisclosed amount. The shuttered hotel is located off the Lee Road Exit on Interstate 4. David Mumford and Burton Brooks of the Mumford Co. represented the seller.

April 30, 2010

Hospitality Northeast

HEI ACQUIRES LE MERIDIEN HOTEL

by admin April 30, 2010

PHILADELPHIA — HEI Hotels & Resorts has acquired Le Méridien, a 202-room hotel located in the Center City district of Philadelphia. The 10-story hotel, located at 1421 Arch St., was developed by Memphis, Tenn.-based Development Services Group as an adaptive reuse of the former YMCA building. The hotel features 5,330 square feet of meeting space, a bar, a gourmet restaurant and a fitness center. HEI plans to operate the hotel as well once it opens in May.

April 30, 2010

Hospitality Southeast

UNDERGROUND ATLANTA HOTEL SOLD

by admin April 29, 2010

ATLANTA — University Heights Atlanta Acquisitions has sold the 157-unit Suites Hotel to Frontline Management of Philadelphia in an all-cash transaction. Located at Underground Atlanta in the city's downtown area, the property will undergo significant renovations. The buyer will also rebrand the hotel as Comfort Suites Hotel Downtown/Atlanta Convention Center. Anthony A. Falor of Hodges Ward Elliot represented the seller.

April 29, 2010

Hospitality Southeast

$66 MILLION RICHMOND HOTEL RENOVATION UNDER WAY

by admin April 29, 2010

RICHMOND, VA. — Choate Construction Co. has broken ground on the $66 million renovation of the John Marshall Hotel for Dominion Realty Partners and Virginia Atlantic Development. The 16-story property, located in downtown Richmond, will be transformed into a 238-unit apartment complex. Rule, Joy, Trammell + Rubio designed the renovation. The project will be complete by the summer of 2011.

April 29, 2010

Hospitality Southeast

121-ROOM MIAMI HAMPTON INN SOLD

by admin April 21, 2010

MIAMI — GFII DVI Cardel Doral has sold the 121-room Hampton Inn & Suites Miami-West to Apple Real Estate Investment Trust for an undisclosed amount. The Miami property features a pool, a fitness room, 570 square feet of meeting space and a business center. Mark Fair and Chris Dewey of Jones Lang LaSalle Hotels represented the seller.

April 21, 2010

Hospitality Texas

PORT ARTHUR HOTEL CHANGES HANDS

by admin April 21, 2010

PORT ARTHUR, TEXAS — A private Texas-based partnership has sold a 72-room Hampton Inn & Suites to a Maryland-based buyer for an undisclosed amount. The property, which was built in 2007 on 1.61 acres of land, is located at 7660 Memorial Blvd. in Port Arthur. Michael Yu and Rahul Bijlani of Marcus & Millichap's Houston office brokered the sale.

April 21, 2010

Hospitality Western

LIMELIGHT LODGE TRADES HANDS IN THE BEVERLY HILLS OF THE ROCKIES

by admin April 21, 2010

ASPEN, COLO. — Aspen Skiing Co. has purchased the Limelight Lodge, located at 355 S. Monarch Street in Aspen, from a group including Denver-based Szymanski Development Partners, the hotel's developer. Terms of the deal were not disclosed. Pete Dordick of HVS advised on the sale.

April 21, 2010

Hospitality Southeast

HILTON GARDEN INN WALDORF NOW OPEN IN MARYLAND

by admin April 19, 2010

ST. CHARLES, MD. — Shamin Hotels has opened the 130-room Hilton Garden Inn Waldorf at the intersection of St. Partick's Drive and Smallwood Drive in St. Charles. The 80,886-square-foot property features a 2,465-square-foot ballroom, a convenience market, a business center, a workout facility and a pool. St. Charles is a 9,100-acre planned community that is being positioned as a model of sustainable development.

April 19, 2010

Hospitality Midwest

COUNTRY INN & SUITES SELLS FOR $4.8 MILLION IN ROSSFORD, OHIO

by admin April 16, 2010

ROSSFORD, OHIO — Orlando, Fla.-based Mohammed Merchant has purchased The Country Inn & Suites in Rossford. Located at 9790 Clark Drive, the property offers 80 guestrooms, a fitness center, an indoor pool and high-speed Internet access. Rossford Lodge sold the hotel for $4.8 million. Eric Belfrage of CB Richard Ellis|Hotels represented the seller in the transaction.

April 16, 2010

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