MORRISVILLE, N.C. — A 103-room Cambria Suites has opened at the Raleigh-Durham International Airport in Morrisville, marking the 1-year-old brand’s tenth hotel nationwide. The property features 1,800 square feet of banquet and meeting space, MP3 jacks and wireless Internet in each unit and an indoor pool and spa. The building is owned by Carolina Hotels & Resorts, a local developer, and is managed by Alliance Hospitality of Raleigh, N.C.
LAKE HAVASU CITY, ARIZ. — Havasu Hotel Partners LLC has completed the $2 million renovation and expansion of HEAT Hotel, which is located 1420 McCulloch Blvd. in North Lake Havasu City. The renovation project included approximately 20,000 square feet, 25 guest rooms and a full apartment suite. Formerly known as the Agave Inn, HEAT Hotel now features a new 4,000-square-foot bar and lounge deck with upgraded public space. San Diego-based Graham Downes Architecture provided architectural services for the project. San Diego-based Gold Coast Renovations served as general contractor. EatDrinkSleep LLC operates the hotel.
URBANA, ILL. — Marcus & Millichap has brokered the sale/acquisition of Park Inn, a 140-room motel/hotel property located at 2408 N. Cunningham Ave. in Urbana. Amenities at the facility, which is situated within minutes of the University of Illinois, include an outdoor pool, a fitness center and 6,000 square feet of meeting space. The asset commanded a sales price of $2.1 million. The buyer and seller were not disclosed. Brian Fay and Scott Clawson in the downtown Chicago office of Marcus & Millichap represented both parties in the transaction.
STAMFORD, CONN. — Memphis, Tenn.-based Davidson Hotel Co. has completed a $20 million renovation to the Holiday Inn Stamford Downtown, located at 700 E. Main St. in Stamford. Improvements to the 10-story, 380-room hotel include the relocation of the lobby lounge, front desk and pool. A new health club with an indoor lap pool was added, and guestrooms received new hard and soft goods. The hotel’s front façade and meeting facilities were redesigned. DiLeonardo International served as the design firm for the project; StudioAD served as project architect, and Shakman Construction served as general contractor. The Holiday Inn Stamford Downtown is owned by a joint venture between Davidson and Rockbridge Capital, under an exclusive franchise agreement with InterContinental Hotels Group. Amenities at the hotel include 20,000 square feet of meeting space, on-site guest laundry facilities, a full-service business center and the 700 Main restaurant.
STILLWATER, OKLA. — Rockbridge Capital has arranged $12.1 million in first-mortgage financing for the development of a 101-room Residence Inn by Marriott in Stillwater. The new hotel will be located along the Highway 51 corridor within a 112-acre, mixed-use development. It will be situated three miles from Oklahoma State University, adjacent to Meridian Technology Center and Oklahoma Technology & Research Park. The new Residence Inn will be developed, owned and operated by A.G. Holdings. Terms of the financing were not disclosed.
POWAY, CALIF. — Ocean Park Hotels has completed the development of Hampton Inn & Suites San Diego-Poway, which is located at 14068 Stowe Dr. in Poway. The three-story, 71,000-square-foot hotel offers 108 rooms, more than 3,000 square feet of meeting space, a fitness room and an outdoor pool. R.D. Olson Construction served as general contractor for the project, which was completed on schedule. Phoenix-based PK Architecture provided design services for the project; Hollywood, Calif.-based Level 3 Design Group provided interior design services.
OVERLAND PARK, KAN. — Integrated Capital, as owner, has completed the $20 million renovation of the Overland Park Marriott, which is located at 10800 Metcalf Ave. in Overland Park. The 398 guest rooms and suites, hotel corridors, the concierge lounge, the ballroom and 14,000 square feet of meeting space were renovated as part of the project. Amenities at the 11-story hotel include four restaurants, an indoor/outdoor connecting pool, 17 meeting rooms and a fitness center.
SAN DIEGO — Bilbro Construction Company Inc. has completed the first phase of renovations at Doubletree Golf Resort, which is located in the north San Diego community of Rancho Penaquitos. The company provided modifications to the 138 guest rooms at the Arnold Palmer-managed, 18-hole golf course resort. Renovations included site concrete, storm drain system improvements; waterproofing upgrades; new stucco; HVAC modifications; and updated tile and wall finishes. Marx/Okubo served as construction manager for the project. Bilbro is also acting as general contractor for the second phase, which is currently underway.
MAHWAH, N.J. — An $8.2 million capital improvements program is under way for The Sheraton Mahwah Hotel, located within Crossroads Corporate Center in Mahwah. Renovations to the guestrooms were completed in October, and included a complete redesign of the spaces with new colors, a hi-definition television, new beds and bathrooms with new fixtures. Additional renovations, which should be complete by the first quarter of 2009, include renovations to common areas and the addition of upgraded amenities. The lobby will be redesigned to feature a towering waterfall, as well as a 32-seat bar, and a communications hub that includes complimentary wireless Internet access and computer stations. New carpeting, wall coverings and furnishings will also be installed. Finally, the hotel’s 12th floor Skylite Ballroom and first floor Grand Ballroom will be renovated as well. The Sheraton Mahwah is operated by Interstate Hotels & Resorts.
NEW YORK CITY — Vertical construction has topped out for Trump SoHo New York, a 400-unit luxury hotel condominium building located at 246 Spring St. in the SoHo neighborhood of Manhattan, New York City. Standing at 46 stories, the tower is the largest building in the neighborhood. Upon completion in fall 2009, the project will comprise 141 deluxe suites, 253 studio suites, five penthouse suites and one Presidential Suite. Units will range in size from 422 to 905 square feet, with the three highest floors devoted to the penthouses and the Presidential Suite. Building amenities include world-class restaurant Quattro, 24-hour room service, a library, a business center, a private rooftop venue named SoHi, an approximately 11,000-square-foot spa, a full-service lobby, a ground-level bar and 12,000 square feet of meeting space. The project is being developed as a joint venture between The Trump Organization, Bayrock Group and The Sapir Organization. The exterior was designed by Handel Architects, and the interior designer is Rockwell Group. Bovis Lend Lease is the construction manager, and Prodigy International Development Sales is serving as exclusive sales and marketing agent.