NEWARK, N.J. — The groundbreaking has occurred for the new Courtyard by Marriott at the Prudential Center in downtown Newark. The project will be connected to Prudential Center, which is the home of the NHL's New Jersey Devils. It will contain approximately 150 rooms as well as approximately 14,000 square feet of ground-floor retail space. Tucker Development Corp. is developing the project and will lease and manage the retail space. The construction timetable was not released. According to city officials, the project marks the first hotel to be construction in downtown Newark in the last 40 years.
OMAK, WASH. — Bluestone & Hockley Real Estate Services has presided over the $2.75 million sale of The Omak Inn, located at 912 Koala Drive in Omak. The hospitality property consists of 67 mini-suite guest rooms. Bluestone & Hockley’s Brian Resendez represented both the buyer, Sukhleen LLC, and the seller, Omak Inn LLC, in the transaction.
PORTSMOUTH, N.H. — Minnesota-based Mercury Investment Co. has purchased the 125-room Hampton Inn Portsmouth for an undisclosed amount. North Carolina-based Concord Hospitality has been tapped to manage it. Hodges Ward Elliott represented the seller, Greenwich, Conn.-based MillRoc Portsmouth NH LLC.
TUCSON, ARIZ. — Marcus & Millichap has managed the $1 million trade of the 131-room Executive Inn & Suites, located at 333 West Drachman Street in Tucson. The full-service, interior-corridor hotel was built in 1960. With assistance from David Guido, Marcus & Millichap’s Jonathan Ruprai and Aseem Tandon represented both the buyer and the seller, a financial institution, in the transaction.
NORCROSS, GA. — Marcus & Millichap has brokered the sale of the Country Inn & Suites in Norcross. Located at 5970 Jimmy Carter Blvd., the 51-room property sold for $1.36 million. The hotel was built in 1999 and upgraded in 2007. Jonathan Ruprai and John Leonard of Marcus & Millichap brokered the transaction. Terms of the sale were not released.
HOUSTON — The Westin Memorial City is officially opening this week on March 24. Bounded by Interstate 10 and Gessner Road in Houston, the 570,000-square-foot hotel features 267 guest rooms including 25 suites; more than 30,000 square feet of meeting and banquet space; and an 18th floor infinity pool with panoramic views of Houston's skyline. The hotel also features the Trattoria II Mulino restaurant from the creators of II Mulino New York in New York's West Village. The Westin Houston Memorial City is the Westin brand's third property in Houston and is part of the Memorial City Complex featuring three Starwood brands, which include the Four Points Houston Memorial City and the Sheraton Houston West.
REEDSBURG, WIS. — Belmont LLC has acquired the Super 8 hotel in Reedsburg for an undisclosed price. The buyer plans to upgrade the property, which will remain a Super 8. The 49-unit, interior corridor hotel offers themed suites and tanning beds. Lance Potter of The Mumford Company represented the undisclosed New York-based seller in the transaction.
HARRISBURG, PA. — The grand opening has been held for the Best Western Premier The Central Hotel and Conference Center in Harrisburg. Located at 800 E. Park Drive, the hotel contains 174 guest rooms, including three suites, as well as 15,000 square feet of meeting and banquet space. Amenities include an on-site restaurant and lounge, a fitness center, a heated indoor swimming pool and a business center. This marks the sixth Best Western Premier hotel to open in North America.
ROANOKE RAPIDS, N.C. — Desi Brothers Investments has acquired the Best Western in Roanoke Rapids for an undisclosed price. Accessible from Interstate 95, the 100-room hotel transaction included an onsite restaurant facility, which the buyer plans to renovate and reopen. Ed James and Steve Kirby with The Mumford Company represented the seller, Nationwide Properties, in the transaction.
CHESAPEAKE, VA. — Jay Mahalaxmi LLC has purchased the Super 8 Motel in Chesapeake. The buyer plans to renovate the three-story, 58-room hotel, which will continue to be a Super 8. David Mumford of The Mumford Company's Newport News, Va., office represented the undisclosed seller in the transaction. Terms of the transaction were not released.