CALIFORNIA — PCCP LLC has acquired the A note of a loan previously held by Column Financial. The company purchased the B note of the same loan from Column Financial in December 2007. The loan is secured by two hotels owned by The Carlyle Group: the 309-room Crowne Plaza at San Francisco International Airport in Burlingame, Calif., and the 156-room Holiday Inn Express in Walnut Creek, Calif. PCCP now holds both the A and B notes of the whole loan, which was originally a $48.3 million senior loan secured by a portfolio of four hotels in Northern California.
LAS VEGAS — The Sauter Companies has completed the sale of Barcelona Hotel & Casino, a 178-room hotel and casino property located at 5011 E. Craig Rd. in Las Vegas. The Siegel Group purchased the property for $12 million from Jewel Dixon Jr. The transaction included the hotel and casino, Green Valley Grocery-leased convenience store and gas station, and 5 acres of vacant land. Patrick Sauter of The Sauter Companies brokered the transaction.
ORLANDO, FLA. — Construction is nearly complete on the 176-unit The Villas at Lake Eve, a 14-stoy luxury hotel in Orlando. Property features include a restaurant, an exercise room, saunas and a meeting room. Orlando-based KA & KM Development oversaw the property’s construction, and Altamonte, Fla.-based Forum Architecture & Interior Design served as architect.
SALEM, VA. — Dil Enterprise has sold the 71-unit Days Inn Salem to Devikson for an undisclosed amount. The hotel is located at 1535 E. Main St. in Salem. The buyer plans to keep the Days Inn brand and operate the hotel after undertaking property renovations, and Dil will use the sale’s proceeds to invest in other Virginia hotels. David Mumford of Newport News, Va.-based The Mumford Co. brokered the sale.
GALVESTON, TEXAS — The Harbor House, a 42-room hotel in Galveston, has reopened for business after being damaged during Hurricane Ike. Located on Pier 21, the hotel has not completely recovered from the storm and elevator service will not be available until mid-April. Additionally, the nine adjacent boat slips are still undergoing repairs. The Olympia Restaurant, which is located on the harbor side of the hotel, is slated to open in June. Harbor House is the second of three historic Galveston hotels owned by Cynthia and George Mitchell to reopen.
FORT LAUDERDALE, FLA. — New York City-based Therese Virserius Design has competed renovations to the 300-unit Westin Fort Lauderdale. The property is located on Corporate Drive in Fort Lauderdale. The firm renovated all the guest rooms, meeting rooms, common areas, ballrooms and boardrooms.
HANCOCK, MASS. — Orlando, Fla.-based CNL Lifestyle Properties has acquired Jiminy Peak Mountain Resort, a ski and snowboard resort located in Hancock, for $27 million. Established in 1948, Jiminy Peak attracts more than 350,000 visitors annually and is known as the largest ski resort in southern New England. CNL acquired the property from Jiminy Peak Mountain Resort, Inc., which will continue to operate the resort under a 40-year lease. CNL currently owns 14 ski resorts and eight ski village-centered retail properties nationwide.
SAN DIEGO — InterContinental Hotels Group (IHG) is developing a Hotel Indigo in San Diego’s historic Gaslamp Quarter. The flagship hotel, only the second California location, will feature 210 rooms, including five suites, a rooftop terrace with a reflection pool, fire pits, soft seating, a Phitness Studio with cardio equipment and free weights, Phi, a casual gourmet restaurant, and views of the San Diego skyline and Petco Park. Slated to open this summer, the property will be managed by The Hotel Management Group, IHG’s Americas operations division.
PHOENIX — Phoenix-based Summit Builders has completed the design/build conversion of an office building into Hilton Garden Inn, which is located on Van Buren St. in Phoenix. The 10-story, 121,000-square-foot hotel features 192 rooms, a swimming pool, a kitchen, a restaurant and lounge, a laundry facility, a fitness center and a business center. Additionally, all mechanical, plumbing and electrical systems were replaced. Windsor Hotels LLC owns the property. Phoenix-based Orcutt Winslow provided design services for the project.
LENEXA, KAN. — A Suburban Extended Stay Hotel is currently underway at 15151 W. 101st Terrace in Lenexa. The 118-room hotel, which is slated for completion in March, is being developed and is owned by Lenexa Lodging LLC and Neuterra Real Estate Development LLC. North Carolina-based The Generation Companies has been selected to manage the economy-priced facility. The Suburban Extended Stay Hotel brand is a part of Choice Hotels International.