ALBANY, GA. — SAGU LLC has opened a 70-room County Inn & Suites, located at 2809 Nottingham Way in Albany. The building, which marks the first Country Inn & Suites in Albany, features an indoor heated pool, a hot tub, a sauna and an exercise room. Rooms include free wireless Internet, a microwave and a refrigerator. Atlanta-based Hotel Equities will manage the hotel.
Hospitality
PORT ARANSAS, TEXAS — Marcus & Millichap has brokered the sale of a Best Western hotel located at 400 East Avenue G in Port Aransas. Situates on 1.89 acres, the property contains 48 rooms. Michael Yu and Imran Haroon of Marcus & Millichap’s Houston office listed the property on behalf of the seller, a Texas-based private investor. Yu and Rahul Bijlani represented the buyer, a San Diego-based private investor. The acquisition price was not disclosed, but the property listed for $3.9 million.
LAKE BUENA VISTA, FLA. — Helman Hurley Charvat Peacock/Architects has been tapped to design an 11-story, 300-unit Embassy Suites Hotel in Lake Buena Vista for Sierra Land Group. Hotel amenities include an atrium restaurant, a lounge in the lobby, convention space and a resort-style pool. The hotel will be ready for business at the end of next year.
NORTH BAY VILLAGE, FLA. — Stephen Wechsler of Thomas D. Wood & Co. secured $7.5 million in financing for the Inn on North Bay, a 119-room Best Western Hotel and Shuckers Restaurant located at 1819 79th St. Causeway in North Bay Village. The 5-year loan was financed through a local bank at a fixed rate of 6 percent with a 25-year amortization. The loan will be used to renovate the 41-year-old property.
DENVER — Randy Lee with Mumford Company’s Dallas office represented Motel 6 and Accor Hospitality in the sale of the Motel 6 in Denver. The 5-story, 138-room hotel is slated to undergo a refurbishment, which will include re-imaging the hotel’s exterior. The property will continue to operate as a Motel 6 under a long-term license agreement. The buyer and acquisition price were not disclosed.
FRANKLIN, TENN. — Drury Development Corp. has purchased 13.86 acres, located on McEwen Drive in Franklin, from KMN Partnership and Franklin Realty Investors for $13.5 million. Drury will develop a 340-room Drury Plaza Hotel and 50,000 square feet of retail and restaurant space on the site. The sellers were represented by Tom McArthur, Jr., of Brentwood, Tenn.-based McArthur Sanders Real Estate.
CRANBERRY TOWNSHIP, PA. — Choice Hotels International has announced that a new Cambria Suites hotel will be constructed at 1740 Route 228 in Cranberry Township. Owned by Pittsburgh-based Templar Development, the hotel will feature 129 suites. Room amenities include two flat-screen LCD televisions, media hub technology, a CD/DVD player, mp3 jacks, and complimentary wired and wireless Internet access throughout the hotel. Hotel amenities will include a casual dining restaurant and coffee bar; a fitness center with an indoor pool and spa; a 24-hour convenience store; and more than 1,000 square feet of meeting space. The construction timetable was not disclosed.
COARSEGOLD, CALIF. — McCarthy Building Companies Inc. has completed the construction of the $100 million Chukchansi Gold Resort & Casino expansion project in Coarsegold. The expansion includes a 13-story hotel tower offering 214 luxury rooms and suites, a full-service spa, an indoor/outdoor pool, a restaurant, an arcade and administrative offices. The guestrooms and suites feature larger-sized rooms, granite countertops, plasma televisions, fireplaces, separate seating areas and jetted tubs. The 9,000-square-foot Serenity Springs Spa offers locker rooms, saunas, steam rooms, massage rooms, lounges, a fitness area and a salon. The hotel also features a 70,000-gallon pool with a swim-up poolside bar, and Nativo’s, a 4,000-square-foot Italian restaurant. The resort now offers 406 rooms and suites. St. Louis-based Thalden-Boyd Architects provided architectural services for the expansion. The resort and casino is owned by the Picayune Rancheria of the Chukchansi Indians.
SAN MARCOS, TEXAS — Springfield, Mo.-based John Q. Hammons Hotels & Resorts is nearing completion for the new Embassy Suites San Marcos – Hotel, Spa and Conference Center, located in San Marcos. The $50 million project will include 283 suites and more than 80,000 square feet of flexible meeting space in a 10-story building. Hotel amenities include an open atrium with a water feature, a restaurant, an Internet café, a fitness center, an indoor pool, a sundeck and the company’s signature Spa Botanica. The hotel and spa will be privately owned by John Q. Hammons and managed by John Q. Hammons Hotels & Resorts. The conference center will be owned by the city of San Marcos and managed by John Q. Hammons Hotels & Resorts. The hotel is expected to open in October.
LOS ANGELES — Chicago-based Harp Group and its equity partners Fidelity Investments Real Estate Group and Blue Vista Capital Partners have acquired the fee simple interest in the Sheraton Gateway Hotel at Los Angeles International Airport for $97 million. Located on West Century Boulevard, the property offers 802 guestrooms, approximately 48,000 square feet of meeting space, and four food and beverage outlets, as well as a fitness center and pool. Jones Lang LaSalle Hotels represented the seller, Kor Hotel Group, in the transaction. Jones Lang LaSalle Hotels also secured $65 million in acquisition financing for the buyers.