SAN ANTONIO — Marcus & Millichap has arranged the sale of a 62-room Super 8 Motel located at 5336 Wurzback Rd. in San Antonio. Alan Miller of Marcus & Millichap’s Austin, Texas, office, along with Michael Yu and Rahul Bijlani of the firm’s Houston office, represented the seller, a Texas-based partnership. Miller also secured the West Texas-based buyer. The acquisition price was not disclosed.
LA VISTA, NEB. — Hotelier John Q. Hammons has opened the 257-suite Embassy Suites Omaha/La Vista — Hotel & Conference Center located at 12520 Westport Pkwy. in La Vista. Adjacent to the seven-story facility is a 100,000-square-foot conference center, which includes a grand ballroom that can host approximately 2,000 people. Springfield, Mo.-based John Q. Hammons Hotels & Resorts will manage the hotel. The development complex also includes Hammons’ 246-unit Courtyard by Marriott, which is slated for completion in spring 2009. Courtyard by Marriott will be connected to the La Vista Conference Center through a glass walkway.
ROCHESTER, MINN. — Viking Hospitality Fund has announced plans to develop a 124-room Hampton Inn & Suites located at the corner of 59th Street and Bandel Road NW in Rochester. Situated on a 2.3-acre site, the facility will be managed by Prism Hotels & Resorts. The building is slated for completion in mid-2009. Viking Hospitality, which builds hotels nationally under the Hilton and Marriott brands, was formed as a joint venture between Dallas-based Prism Hotels & Resorts, Des Moines, Iowa-based SeaCys Holdings and Atlanta-based Hotel Assets Group.
RANCHO CUCAMONGA, CALIF. — The first Starwood aloft Hotel by W in the United States had opened within the $60 million mixed-use development HavenPark in Rancho Cucamonga. The aloft is the newest brand from Starwood Hotels & Resorts Worldwide Inc. The 136-room aloft Ontario-Rancho Cucamonga is one of the 18 aloft hotels slated to open this year. Guestrooms feature loft-like 9-foot ceilings and oversized windows, high-tech office and entertainment centers, wireless Internet access, plug & play technology, and large, flat-screen HDTV-ready televisions. Chicago-based The John Buck Company partnered with Interstate Hotels to develop the aloft.
NEW YORK CITY — GE Real Estate has provided $62 million in fixed-rate financing for the 226-room Marriott Courtyard located near the corner of 92nd Street and 1st Avenue in the Upper East Side of Manhattan, New York City. The hotel features an indoor swimming pool and whirlpool, a health club, and a business center. The borrower was Madison 92nd Street Associates, an affiliate of Madison Equities and NYRE Management. Cooper Horowitz and Wall Street Realty Capital brokered the deal. Terms of the loan were not disclosed.
TWENTYNINE PALMS, CALIF. — San Antonio-based K Partners Hospitality Group has broken ground for the construction of an 80-suite Fairfield Inn & Suites in Twentynine Palms. Located within a 10-acre mixed-use development near a U.S. Marine Corps Ground Air Combat Center, the hotel will feature rooms with double queen- or king-size beds; an in-room entertainment package; luxury bedding and pillows; a refrigerator; a microwave oven; separate living, working and sleeping areas; high-speed Internet access; and an ergonomic desk and chair. The hotel also features an outdoor pool and spa, a fitness facility, a boardroom and complimentary breakfast.
TAMPA, FLA. — Tampa-based McKibbon Hotel Management has opened the TownePlace Suites by Marriott within the Avion Park Westshore mixed-use development in Tampa. The 122-unit facility, which is located across from the Tampa International Airport at the corner of Spruce and O’Brien streets, features studios as well as one- and two-bedroom floor plans. Amenities at the hotel include fully equipped kitchens in every unit, a pet-friendly environment and an outdoor heated pool. Situated on a 19-acre site, Avion Park Westshore will house two more hotels; a 136,000-square-foot owner-occupied, Class A office tower; a 300,000-square-foot leased office facility; and a 21,000-square-foot specialty retail shopping center.
NEW YORK CITY — Groundbreaking has occurred for 50 West Street, a 65-story residential and hotel tower located in Lower Manhattan, New York City. Developed by New York-based Time Equities, the $600 million project will feature 280 residential units, and 155 hotel and retail units totaling 580,000 square feet. The project is expected to achieve LEED-Gold certification, with sustainable features including a green roof, an energy-efficient glass façade, sustainable and rapidly renewable construction materials, the recycling of demolition waste, water-efficient fixtures, and automated blinds and energy control systems. Completion is scheduled for 2011. The tower was designed by Helmut Jahn, with New York-based Gruzen Sampton serving as architect of record.
THE WOODLANDS, TEXAS — Groundbreaking is set to occur this summer for a 91-room Candlewood Suites hotel within The Woodlands, a 28,000-acre master-planned community located 27 miles north of Houston. The project is being developed by Odom Woodlands Hotel LLC, an affiliate of Scott T. Odom Land Development Co. The site, located at the corner of Interstate 45 and St. Luke’s Way, was purchased by Odom from The Woodland Development Company, a limited partnership between Morgan Stanley and General Growth Properties. The extended-stay hotel features studio and one-bedroom suites with fully equipped kitchens, executive desks and flat-screen televisions. The hotel also will feature a convenience store, a fitness center and complimentary guest laundry.
NEW YORK CITY — West 37th Street Owner LLC and Stonebridge Realty Advisors have formed a joint venture for the development of a 220-room hotel in New York City. The project will be located on West 37th Street between 8th and 9th avenues. Current plans call for either a boutique hotel or a primary brand of select service hotel. The project cost is expected to be $90 million. HREC Investment Advisors negotiated the joint venture agreement.