ANAMOSA, IOWA — Mumford Co. has negotiated the sale of a 35-room Super 8 Motel located in Anamosa. The buyer, Shree HR Corp, plans to complete minor renovations and retain the Super 8 brand. Acquisition financing was obtained through a SBA 504 loan facilitated by a local bank. Mumford’s Lance Potter and David Mumford completed the deal. The seller was not disclosed.
LAKE TAHOE, CALIF. — Taylor Flynn of Marcus & Millichap represented the undisclosed seller in the disposition of Alpine Inn & Spa, a 39-room hotel located at 920 Stateline Ave. in Lake Tahoe. An undisclosed buyer acquired the property for $1.42 million.
YORK, PA., AND BANGOR, MAINE — White Plains, N.Y.-based Starwood Hotels & Resorts has completed renovations to two Four Points by Sheraton hotels. The first is the Four Points by Sheraton – York, a 146-room hotel located in York. The $15 million renovation included opening up the lobby to create a Family Room and upgrades to the hotel restaurant. The second hotel is the Four Points by Sheraton – Bangor Airport, a 111-room hotel located adjacent to Bangor International Airport in Bangor. The $9 million renovation included a redesign of the hotel restaurant, Godfrey’s Grill & Lounge; the installation of a double-sided fireplace; a new indoor pool and fitness center; and the expansion and renovation of the hotel’s 2,982 square feet of meeting space.
WHIPPANY, N.J. — HEI Hotels & Resorts has acquired the Hanover Marriott in Whippany from Host Hotels & Resorts for $27 million. The 353-room hotel features 22 meeting rooms, the largest Grand Ballroom in Morris County, Allie’s restaurant, a business center, an indoor/outdoor pool, a fitness center, and the Auld Shebeen Pub. The hotel is located at 1401 Route 10 East in Morris County. The new owner plans to implement a $20 million renovation program.
ORLANDO, FLA. — Supertel Hospitality has sold the 120-room Masters Inn-International Drive in Orlando to Sun Vista Hotels for an undisclosed price. The buyer will renovate the Orlando hotel before converting it to a Best Western. David Mumford, Steve Kirby, Burton Brooks and David Holcombe of the Mumford Co. represented the seller.
JACKSONVILLE, FLA. — Jacksonville JTB Hotel has received $5.8 million in financing for a 137-room Marriott Courtyard in Jacksonville. The 4-year loan comes with a 25-year amortization schedule. FirstAtlantic Bank provided the mortgage, and Joel Coykendall of NorthMarq Capital’s Jacksonville office arranged the loan.
HERNDON, VA. — Bethesda, Md.-based Host Hotels & Resorts has sold the 253-unit Washington Dulles Marriott Suites to an undisclosed buyer for an undisclosed price. Located at 13101 Worldgate Dr. in Herndon, the property features a conference center and event space. Molinaro Koger represented Host Hotels in the transaction.
JACKSONVILLE, FLA. — Hilton has opened a 221-unit hotel complex in downtown Jacksonville. Located at 1201 Kings Ave., the eight-story property consists of a Hilton Garden Inn and a Homewood Suites by Hilton. Amenities in the joint hotel include an oversized pool, a whirlpool and a fitness center, while the Hilton Garden Inn features 1,266 square feet of meeting space and wireless Internet access. The property is one of the first dual-brand Hilton hotels in the country.
BRYAN, TEXAS — The 100-unit Best Western Atrea at Old Town Center has opened at 1920 Austin’s Colony Pkwy. in Bryan. Each unit includes a flatscreen television and high-speed Internet. Property amenities include a pool, a hot tub, more than 4,000 square feet of conference space and a fitness center.
WELDON SPRINGS, MO. — A 100-room Wingate by Wyndman hotel has opened at the University of Missouri’s Missouri Research Park in Weldon Springs. The $8 million hotel features an outdoor pool and patio, wired and wireless high-speed Internet access, a 24-hour business center, continental breakfast, an indoor pool, a whirlpool and a fitness center.
