SAN ANTONIO — Gibbs Master Tenant LLC has opened the 91-room Hotel Indigo San Antonio at the Alamo, the fourth Hotel Indigo property in Texas. The San Antonio hotel is located in the 100-year-old Gibbs Building, which was the first office property built in the city. While retaining its original woodwork and marble, the building was outfitted with features including a business center, a fitness center and gourmet dining options. TNJ Management will oversee day-to-day operations of the hotel.
WINSTON-SALEM, N.C. —Shree HariKrishna has purchased a three-story Sleep Inn from Quality Oil Co. for an undisclosed amount. The 12-year-old property is located on Interstate 40 near Hanes Mall in Winston-Salem. The buyer will retain the Sleep Inn brand, but will undertake cosmetic renovations. David Mumford and Steve Kirby of Mumford Co. represented the seller in the transaction.
NEW YORK CITY — The official opening and ribbon-cutting ceremony has taken place for Trump SoHo New York, a new hotel condominium tower located at 246 Spring St. in Manhattan's SoHo neighborhood. The 46-story tower contains 391 guestrooms in a mix of one-bedrooms, deluxe guestrooms that can be combined to create two-bedroom suites, spa suites and penthouse suites. Amenities at Trump SoHo include The Library lounge, a new location for famed Miami restaurant Quattro Gastronomia Italiana and cocktail lounge Kastel. The seventh floor of the building features a 6,000-square-foot pool deck with a swimming pool as well as Bar d'Eau. Located on the seventh and eighth floors is the 12,000-square-foot Spa at Trump. The building also contains more than 12,000 square feet of meeting space, occupying the entire third floor as well as 1,800 square feet of the top floor. Trump SoHo was developed as a joint venture between an affiliate of the Trump Organization, The Sapir Organization and Bayrock Group. Handel Architects served as project architect, with Rockwell Group and DiGiuseppe Architect providing interior design services.
DANA POINT, CALIF. — Seattle-based Washington Holdings has acquired the 400-room St. Regis Monarch Beach Resort, located in the Orange County coastal community of Dana Point, from an affiliate of Citigroup. California's only Forbes Five-Star and AAA Five Diamond resort, the oceanfront hotel includes an 18-hole Robert Trent Jones Jr.-designed championship golf course, 65,000 square feet of indoor and outdoor meeting space and the 30,000-square-foot Spa Gaucin. The resort is managed by Starwood Hotels & Resorts Worldwide. Washington Holdings purchased Citigroup's remaining equity interest in the St. Regis Monarch Beach Resort, which opened in 2001.
LEXINGTON, KY. — Lexington H.I. Partners has purchased the 302-room Holiday Inn Lexington North from InterContinental Hotels Group for an undisclosed amount. The property is located on 12 acres near downtown Lexington and the University of Kentucky. The buyer will undertake renovations to the hotel, which will remain a Holiday Inn through the end of the year.
DESTIN, FLA. — Sandestin Investments has purchased the Sandestin Gulf and Beach Resort from Intrawest, which announced the tentative purchase agreement in February, for $30 million. The 2,400-acre property is located in Destin. The resort, which encompasses 1,500 units, features more than 7 miles of beaches, 15 tennis courses, 19 pools, 65,000 square feet of meeting space and a 98-slip marina. Coral Gables, Fla.-based American Real Estate Capital secured the acquisition loan.
DUNCANVILLE, TEXAS — Grubb & Ellis Apartment REIT has purchased the 216-unit Bella Ruscello Luxury Apartment Homes from Duncanville Villages Multifamily. The property, which is located at 250 E. Highway 67 in Duncanville, was built in 2007 on 10.6 acres of land. Bells Ruscello is 97 percent occupied. Features include a pool, a business center and a gym. Fannie Mae provided acquisition financing, which was secured by Berkadia Commercial Mortgage.
PENSACOLA, FLA. — Sojourn Lodging has sold a 100-unit Quality Inn located in Pensacola to Jay & Vishal Corp. for an undisclosed amount. The buyer will undertake cosmetic renovations to the three-building property, which is visible from US Highway 98. Sojourn was represented in the deal by David Mumford, Steve Kirby and Burton Brooks of Mumford Co.
TAMPA, FLA. — Indianapolis-based Sun Development and Management Group has opened a 127-unit Spring Hill Suites by Marriott in Tampa. The property is located at the 460,000-square-foot Tampa Palms Professional Center on Commerce Center Boulevard. Hotel features include a fitness center, a heated pool and meeting rooms.
PHOENIX — The 114-room Holiday Inn & Suites Phoenix Airport is set to open at 3220 S. 48th Street two miles from Phoenix Sky Harbor Airport, 3 miles from downtown Tempe and 8 miles from downtown Phoenix. Owned and managed by Kuber Hotels under a license agreement with a company in the InterContinental Hotels Group, the new 74,000-square-foot hotel features 24 suites and 90 standard rooms and includes amenities such as Soleil Bistro, the hotel’s restaurant, and more than 3,000 square feet of function space. The Holiday Inn & Suites Phoenix Airport property will exemplify the standards of Holiday Inn’s $1 billion brand re-launch program.