Hospitality

95-ROOM STAYBRIDGE SUITES LANSING-OKEMOS COMPLETED

by admin December 15, 2008

OKEMOS, MICH. — Staybridge Suites Lansing-Okemos has opened less than 1 mile from Michigan State University at 3553 Meridian Crossings Dr. in Okemos. The three-story property features 95 guest rooms, including 53 studios, 30 one-bedrooms and 12 two-bedrooms. Amenities at the all-suite hotel include an indoor pool with whirlpool, 24-hour guest laundry and workout facilities, and a boardroom for business meetings. The hotel is owned by Peninsula Hotel Group, and is managed by American Hospitality Management under a license agreement with a company in the InterContinental Hotels Group. The cost of completion for the project was $8.2 million.

December 15, 2008

LUXURY HOTEL PROJECT SECURES $55 MILLION CONSTRUCTION LOAN

by admin December 15, 2008

NEW YORK CITY —A $55 million construction loan has been secured for a new upscale hotel currently under construction at the corner of Lexington Avenue and 48th Street in Midtown Manhattan, New York City. The 25-story tower will feature 116 guest suites. Hotel amenities will include a library lounge, a wine bar and café, an executive boardroom and a fitness center with in-room spa services. The project will also include 3,800 square feet of retail space fronting Lexington Avenue, which will be located on the ground and first floors of the building. Completion is scheduled for 2010. The loan was arranged by locally based Cushman & Wakefield Sonnenblick Goldman. The project is being developed by executives from Hersha Hospitality Trust. Upon completion, the hotel will be managed by Hersha Hospitality Management LP. Terms of the financing were not disclosed.

December 15, 2008

Hospitality Texas

HOTELBROKERONE COMPLETES $3.6 MILLION HOTEL SALE

by admin December 15, 2008

TULSA, OKLA. — Oklahoma City-based HotelBrokerOne has completed the sale of the GuestHouse Inn & Suites located at 8181 East 41st St. in Tulsa for $3.6 million, or $38,000 per room. The 95-unit property was first constructed as a Residence Inn in 1982, but has undergone major renovations in the past 2 years. Mike Craddock and Bruce Holmes of HotelBrokerOne, along with Kamlesh Aggarwal of Sooner Properties, completed the transaction between the buyer, locally based SAMAATH LLC, and the seller, Nu-Gen Hotels. Acquisition financing was provided by First National Bank of Owasso through the SBA 504 program.

December 15, 2008

Hospitality Southeast

144-UNIT HOMEWOOD SUITES OPENS DOORS AT TAMPA AIRPORT

by admin December 12, 2008

TAMPA, FLA. — McKibbon Hotel Group has opened the 144-unit Homewood Suites by Hilton Tampa Airport/Westshore at Avion Park Westshore in Tampa. Located at the intersection of Spruce and O’Brien streets, the property includes a fitness center and an outdoor heated pool. Units feature fully equipped kitchens, flat-screen HDTVs and free wireless Internet. The hotel will be managed by McKibbon Hotel Management. The Homewood Suites joins the Hilton Garden Inn and TownePlace Suites by Marriott Tampa Westshore hotels, which are both already open at Avion Park Westshore.

December 12, 2008

Hospitality Northeast

HOTEL INDIGO ALBANY OPENS

by admin December 11, 2008

ALBANY, N.Y. — The grand opening has been held for Hotel Indigo Albany–Latham, a 107-room boutique hotel located in the Wolf Road business district of Albany. Owned by Shaker Hills Hospitality under an exclusive license agreement with Atlanta-based InterContinental Hotels Group, the five-story hotel features a fitness center, a 24-hour business center and approximately 1,200 square feet of meeting space. Food and beverage options include a Starbucks Coffee location and Blue Stone Bistro, which contains a 40-foot long bar and two separate dining rooms that can accommodate up to 125 people. The restaurant will open in January. The hotel was re-branded a Hotel Indigo after a $4 million renovation. DeLaCruz Enterprises provided interior design work for the project. The Albany location marks the second Hotel Indigo in New York.

December 11, 2008

Hospitality Texas

GROUNDBREAKING HELD FOR NEW MOTEL 6 PROTOTYPE

by admin December 11, 2008

NORTHLAKE, TEXAS — Carrollton, Texas-based Accor North America has held the groundbreaking for a new Motel 6 located in Northlake. The new hotel is the first corporate-built and owned property to feature the chain’s new “Phoenix” prototype design. Features include a new exterior designed by Dallas-based BOKA Powell; a 24-hour food and beverage vending area; and rooms that include a 32-inch, flat-panel television, a multi-media panel and wireless Internet access. The new prototype will also include sustainable features such as wood-effect laminate flooring made from pre-consumer recycled material and a building designed to house solar panels for water heating. The Northlake Motel 6 is scheduled to open during the second half of 2009. Accor has also begun renovating existing corporate-owned hotels in Texas and select properties across the country with the new design.

December 11, 2008

Hospitality Western

K PARTNERS BREAKS GROUND FOR 94-ROOM HOTEL

by admin December 11, 2008

RIDGECREST, CALIF. — San Antonio-based K Partners Hospitality Group LP has broken ground for the development of a 94-room Hampton Inn & Suites in Ridgecrest. The three-story hotel will feature a business center, 800 square feet of meeting space, a fitness center, a complimentary hot breakfast, an outdoor pool and spa, and a suite shop. The hotel will be owned and operated by K Partners.

December 11, 2008

Hospitality Midwest

$700 MILLION HARD ROCK HOTEL & CASINO PROJECT COMES TO A HALT

by admin December 10, 2008

KANSAS CITY, KAN. — Kansas Entertainment LLC has temporarily pulled the plug on its $700 million Hard Rock Hotel & Casino Project, which was expected to be located in Kansas City. The 50/50 joint venture between Kansas Speedway Development Corp. — a wholly owned International Speedway Corp. subsidiary — and The Cordish Company has withdrawn its application for Lottery Gaming Facility Manager for the Northeast Kansas Gaming zone. Although the joint venture was willing to move forward with its $400 million casino and dining and entertainment venues, the remaining hotel, convention facilities and additional entertainment components would need to be developed in subsequent phases. Because a phased development plan was not included in the existing agreement, the joint venture was forced to withdraw, with plans to re-apply upon the re-opening of bidding for the zone. The joint venture cites financing constraints as the reason for a phased plan. Initial plans for the final facility called for a 300-room luxury hotel; a state-of-the-art casino; 275,000 square feet of retail, dining and entertainment space, including a live music venue; and meeting and convention components.

December 10, 2008

Hospitality Western

240-ROOM HYATT HOTEL TO JOIN HAYDEN FERRY LAKESIDE

by admin December 10, 2008

TEMPE, ARIZ. — Town Lake Development Partners LLC and Hyatt Hotels & Resorts are developing a 240-room Hyatt Regency hotel at the Hayden Ferry Lakeside development, which is located on the south shore of Tempe Town Lake in Tempe. The 14-story hotel will feature 240 rooms, 24 condominiums, a 4,500-square-foot spa and 13,000 square feet of meeting space, including a 5,000-square-foot ballroom. Construction is expected to begin in summer 2009, with completion slated for spring 2011.

December 10, 2008

Hospitality Southeast

ORLANDO FIRM BREAKS GROUND ON SAVANNAH AIRPORT HOTEL

by admin December 8, 2008

POOLER, GA. — D Construction Services of Orlando has broken ground on a 142,000-square-foot Embassy Suites at the Savannah International Airport. The $17 million project is located at 145 Mulberry Blvd. in Pooler and will include an indoor pool and spa, fitness and business centers and 3,385 square feet of meeting space. The hotel is expected to deliver by next December.

December 8, 2008

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