LITHIA SPRINGS, GA. — Banyan Tree Cos. has purchased a 91-room Country Inn & Suites from a lender for an undisclosed amount. The property is located off Interstate 20 near Six Flags Over Georgia in Lithia Springs. Hotel amenities include fitness and business centers, a 12-person meeting room, a game room and an indoor pool. Scott Stephens and Monty Levy of HREC Investment Advisors brokered the sale.
HAMPTON, VA. — Allen Management has sold a 72-room Econo Lodge in Hampton to a local investor group for an undisclosed amount. The buyer will operate the hotel as an independent brand. David Mumford and Brian McCutcheon of Mumford Co.'s Newport News, Va., office brokered the sale.
IRVING, TEXAS — Bert Stevens of CB Richard Ellis has brokered the sale of a Days Inn & Suites in Irving between an undisclosed seller and Ambe Hotels. The 134-room Days Inn & Suites DFW North, which was built in 1983, is located near the Dallas/Fort Worth International Airport. Ambe Hotels plans to keep the Days Inn & Suites brand and will invest more than $750,000 in upgrades to the property.
SYRACUSE, N.Y. — A joint venture between Ritchfield Hospitality and Shelbourne Falcon Investors has signed an agreement to acquire the Renaissance Syracuse Hotel in Syracuse. The 20-story hotel contains 279 rooms and suites. The joint venture plans to complete a $5 million renovation to the property that will include converting it to the Crowne Plaza brand. Ritchfield will operate the hotel once the deal closes, which is expected in July.
WINCHESTER, VA. — Starwood Hotels & Resorts Worldwide has opened the 99-unit Aloft Winchester hotel in Winchester. The property is located at the intersection of Millwood Pike and Interstate 81 near the entrance to Shenandoah University. The property is also in close proximity to the Winchester Speedway and Rock Harbor Golf Course. The hotel is owned and managed by Hotel Squared.
COLUMBUS NORTH, OHIO —VED-Verdas Hospitality has acquired a Motel 6 location in Columbus North. Situated on 1.7 acres at exit 116 off Interstate 71, the two-story property offers 46 rooms. Motel 6 Operating (Accor International) sold the hotel for an undisclosed price. Jones Lang LaSalle Hotels represented the seller in the transaction.
SAN FRANCISCO — Cassidy Turley BT Commercial has represented Euphoria Hospitality Inc. in its $4.9 million acquisition of a 19,543-square-foot hotel in San Francisco from Pacific Equities West. Located at 835 Hyde Street, the nearly 100-year-old, five-story property is commonly known as The Nob Hill Hotel. Eric Gunderson in Cassidy Turley BT Commercial’s Hospitality Group represented the buyer in the transaction.
GATESVILLE, TEXAS — Cameron, Texas-based Vansh Hotels has purchased a 63-room, 35,948-square-foot Ramada Hotel at 111 North Highway 36 Bypass in Gatesville. Situated on 2.15 acres, the 3-story property was built in 2004 and houses a meeting room, breakfast area, business center, fitness center, outdoor pool and guest laundry. Manoj Shah of NAI Capital's Ontario, Calif., office represented the buyer, and Denny Chung of Los Angeles-based NC Investment Group represented the undisclosed seller.
TALLAHASSEE, FLA. — Florida-based Satchitanand has purchased Cabot Lodge in Tallahassee for an undisclosed price. Situated on 7 acres at 2735 N. Monroe St., the 160-room property is comprised of four 40-room buildings, including a commercial building with a lobby and a breakfast room. Scott Stephens and Monty Levy of HREC Investment Advisors represented the seller, Prism Hotels & Resorts and its affiliate Hospitality Receiver, in the transaction.
ATLANTA — Fairwood Capital has purchased the 119-unit Hampton Inn & Suites Atlanta Downtown from a partnership led by Cooper Hotels. The sale price was not disclosed. The hotel, an 11-year-old conversion of a historic office building, is located at 161 Spring Ave. in Atlanta. Fairwood plans on undertaking a phased renovation of the entire building, which features 1,300 square feet of meeting space and a fitness center.