TWENTYNINE PALMS, CALIF. — San Antonio, Texas-based K Partners Hospitality Group has developed Fairfield Inn Suites, an all suites hotel located in Twentynine Palms. The 80-key hotel features rooms with double queen- or king-sized beds; an in-room entertainment package; luxury bedding and pillows; a refrigerator; a microwave; separate living, working and sleeping areas; high-speed Internet access; and an ergonomic desk and chair. Hotel amenities include an outdoor pool and spa, a fitness facility, a boardroom and complimentary breakfast. The hotel is located near the U.S. Marine Corps Air Ground Combat Center, Joshua Tree National Park and the Mojave Desert.
MEMPHIS, TENN. — The new Holiday Inn Hotel & Suites Memphis – Wolfchase Galleria has opened at 2751 New Brunswick Rd. in Memphis. The 133-room hotel is based on Holiday Inn’s “Next Generation” design, a brand re-launch that will update the company’s more than 3,200 hotels worldwide by the end of 2010. The new hotel features work stations in guestrooms, complimentary high-speed Internet access, a full-service restaurant, a 24-hour fitness center, an indoor swimming pool and whirlpool and more than 3,000 square feet of meeting space. It is owned and managed by Wilson Hotel Management, a division of Kemmons Wilson, under a license agreement with InterContinental Hotels Group.
HENDERSON, TEXAS — A private investor recently purchased a 77-room Best Western Inn in Henderson for an undisclosed amount. Michael Yu and Rahul Bijlani of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, also a private investor. Yu and Bijlani also helped the buyer secure financing.
SAN FRANCISCO — Starwood Hotels & Resorts Worldwide has completed the disposition of W San Francisco, a 404-key hotel located at 181 3rd St. in San Francisco. Hong Kong-based Keck Seng Investments acquired the property for $90 million. The hotel features 12,000 square feet of meeting space, a Bliss® Spa and a SWEAT® Fitness Center. Jones Lang LaSalle Hotels brokered the transaction on behalf of the seller.
ORLANDO, FLA. — Atlanta-based Grove Street Partners has sold two hotels, located adjacent to Aquatica Waterpark at Sea World Orlando, to Richmond, Va.-based Apple REIT Nine for an undisclosed amount. Grove Street developed the 200-unit SpringHill Suites and the 200-unit Fairfield Inn & Suites in a joint venture with Ed Lee LLC. The hotels share a pool, a fitness center and a restaurant.
CHEROKEE, N.C. — Turner Construction Co. has been tapped to build the 500,000-square-foot Harrah’s Cherokee Hotel Tower III, a 21-story extension to the casino. The property is located on Casino Drive in Cherokee. The $120 million tower will include 68 hotel suites and 454 rooms. Completion is slated for December 2010.
NEW YORK CITY — Peter Berk and Michael Sonnabend, formerly affiliated with AFC Realty Capital, recently formed PM Realty Capital and its subsidiary PM Hotel Finance Group. The firm, which is headquartered at 845 Third Ave. in Manhattan, New York City, will offer real estate investment banking services on a nationwide basis. Together, the duo brings a combined 40 years of experience to the marketplace. Berk, who will spearhead the firm’s hotel practice, has financed more than $5 billion of hotels representing more than 20,000 rooms in his career.
PUEBLO, COLO. — Randy Lee of Mumford Co.’s Dallas office represented Motel 6 and Accor Hospitality in the sale of the Motel 6 property in Pueblo. The buyer, Rocky Mountain Lodging, plans to re-brand the hotel to an alternative franchise. The acquisition price was not disclosed.
KISSIMMEE, FLA. — Supertel Hospitality has sold the 116-room Masters Inn Orlando/Kissimmee Main Gate to Reliance Industries for an undisclosed amount. The buyers are planning to turn the property, which is located at 2945 Entry Point Blvd. in Kissimmee, into a Quality Inn & Suites. Steve Kirby, Burton Brooks and David Holcombe of Mumford Co.’s Atlanta office and David Mumford of the firm’s Newport News, Va., office represented the seller. Mumford Co. also represented the buyer.
HOUSTON — Clinton Investments has broken ground for a new Holiday Inn, located in Houston’s Westway Park mixed-use development. The five-story hotel will contain 122 rooms. It is the second hotel in the state to be built to Holiday Inn’s new design concept, a contemporary design that caters to the Baby Boomer demographic. The hotel will feature a full-service restaurant, a business center, a fitness center, meeting facilities, a pool and an activity area. The hotel is situated adjacent to Carolyn Wolff Park, a 3-acre urban arboretum. Construction of the hotel is scheduled for a spring 2010 completion. Westway Park is a 150-acre development located at the intersection of Sam Houston Tollway and Clay Road. It is owned by Wolff Companies.