NEW HAVEN, CONN. — This month, the grand opening will be held for The Study at Yale, a redeveloped hotel located at 1157 Chapel St. on the campus of Yale University in New Haven. Owner Hospitality 3 acquired the hotel, formerly known as the Colony Inn, last year, and set about redeveloping it into a luxury hotel to serve the Yale community. The multi-million dollar renovation will add two floors to the five-story building, expanding its capacity from 86 rooms to 125 rooms. The redesigned interior will include 3,000 square feet of meeting space, a private lounge area in the penthouse, and a full-service restaurant with a private dining room and banquet facilities. Individual rooms will include leather chairs, ottomans, special work areas and state-of-the-art technology amenities. Toronto-based Kuwabara Payne McKenna Blumberg Architects served as project architect and interior designer.
DENVER — Hodges Ward Elliot (HWE) has completed a $55 million mortgage loan for the Ritz-Carlton Denver. Located at 1881 Curtis St. in downtown Denver, the luxury hotel features 202 rooms, a signature restaurant, Elway’s, and 13,000 square feet of flexible meeting space. HWE represented the owner, CJS Hotel LLC, in the transaction.
MIDDLETOWN, R.I. — Silver Springs, Md.-based Choice Hotels International has announced the construction of a new Cambria Suites in Middletown. Located at 240 Aquidneck Ave., the hotel will feature 129 suites. Amenities include a two-story lobby with a large-screen television, a casual dining area, a fitness center, a 24-hour convenience store, more than 1,000 square feet of meeting space, and wired and wireless Internet access throughout the hotel. The dining area will feature a coffee bar with Wolfgang Puck coffees and desserts from The Cheesecake Factory. Individual suites feature two flat-screen televisions and media hub technology. The project is owned by Newport, R.I.-based developer Seaview Inn LLC. A total of 63 Cambria Suites were under contract in the United States and Canada as of June 30.
BOLTON LANDING, N.Y. — The Plasencia Group (TPG) has negotiated the sale of the historic Sagamore Resort, located in Bolton Landing, for approximately $88 million. Constructed in 1883 on the shores of Lake George, Sagamore Resort is a 70-acre resort that features a hotel, condominiums, an 18-hole golf course designed by Donald Ross, conference facilities, a marina, a sailing school, a spa, and multiple food and beverage outlets. Stephen Kindl of TPG’s Capital Markets Group represented the seller, Green Island Associates. The property was purchased by Sagbolt LLC, an affiliate of Ocean Properties Limited Hotels & Resorts.
FORT WORTH, TEXAS — Silver Springs, Md.-based Choice Hotels International is partnering with Keller, Texas-based Ridgeline Hospitality for the construction of a Cambria Suites in Fort Worth. Located at the intersection of Interstate 35W and Fossil Bluff Drive, the hotel will feature 118 suites. Amenities include a two-story lobby with a large-screen television, a casual dining area with a coffee bar, a fitness center, a 24-hour convenience store, more than 1,000 square feet of meeting space, and wired and wireless Internet access throughout the hotel. Individual suites feature two flat-screen televisions and media hub technology. The construction timetable was not released.
ADDISON, ILL. — Chicago-based Paramount Lodging Advisors has arranged the sale of the recently renovated 153-room Hilton Garden Inn, which is located at 551 N. Swift Rd. in Addison. Infinity Hospitality Services has acquired the property for $13.4 million. Adam Montufar of Paramount Lodging Advisors facilitated the transaction through a collaborative effort with Robert Chvalovsky of W-W Real Estate, who represented the seller.
HOUSTON — The Dallas office of The Mumford Company has brokered the sale of the Motel 6 Houston – Hobby Airport, a 124-unit hotel located in Houston. Randy Lee of Mumford represented the seller, France-based Accor Hospitality. The buyer, Jai Umiya Mata LLC, plans to renovate the hotel and re-license it to a different economy hotel brand. The acquisition price was not disclosed.
SARASOTA, FLA. — RockBridge Capital has closed a $14.2 million loan for Naples, Fla.-based White’s Lodging’s development of a 114-room Hyatt Place, located across from Sarasota International Airport’s main entrance in Sarasota. Hotel amenities include a wine/espresso bar and a guest kitchen.
ST. LOUIS — The renovation of The Holiday Inn Airport Oakland Park, which is located at 4505 Woodson Rd. in St. Louis, is nearing completion. Chicago-based Atira Hotels owns and manages the 158-room hotel. Interior spaces undergoing renovations include all of the guestrooms, the hotel lobby and front desk, the meeting and banquet areas, the fitness center, and the restaurant and lounge areas. Exterior renovations will feature updated Holiday Inn brand-specific architecture, design, painting and signage. Amenities at the Holiday Inn Airport Oakland Park, which is situated .5 miles from the Lambert International Airport, include a fitness center, a full-service restaurant and 5,000 square feet of flexible meeting and banquet space. The project is scheduled for completion this month.
OMAHA. NEB. — Starwood Hotels & Resorts Worldwide has plans to open an element hotel within Mutual of Omaha’s Midtown Crossing at Turner Park development in Omaha. The element Omaha Midtown Crossing is scheduled to open in the 1 million-square-foot mixed-use development in late 2010. As Starwood’s newest concept, element is the first hotel brand to mandate that all properties pursue LEED Certification. Sustainable aspects of the hotel will include energy-efficient, stainless steel appliances and lighting, amenity dispensers in the shower to reduce waste, and recycling bins for plastic and paper products. The element Omaha Midtown Crossing will also feature approximately 1,000 square feet of meeting space.