Hospitality

HOLIDAY INN LONG ISLAND CITY HOLDS GRAND OPENING

by admin January 9, 2009

NEW YORK CITY — The grand opening has been held for the new $31 million Holiday Inn Long Island City – Manhattan View, a 136-room hotel located at 39-05 29th St. in the Long Island City neighborhood of Queens, New York City. The hotel totals 75,000 square feet; amenities include an indoor swimming pool, a fitness center, and wireless Internet access throughout the hotel. Many of the rooms offer balconies with views of the Manhattan skyline. Dining options include the hotel’s dining facility, 39 Below, and Swirl, a lounge that includes an outdoor patio. The Holiday Inn also features 1,000 square feet of meeting space. The hotel is managed by InterContinental Hotels Group on behalf of Queens Plaza North.

January 9, 2009

SWEETWATER COMPLETES HOMEWOOD SUITES

by admin January 8, 2009

EAST RUTHERFORD, N.J. — Cranbury, N.J.-based Sweetwater Construction Corp. has completed a new Homewood Suites by Hilton, located at 125 Route 17 South in East Rutherford. The seven-story hotel features 126 suites in a mix of studio, one-bedroom and two-bedroom units. Six of the suites are equipped with Jacuzzis; other room amenities include wireless Internet access, satellite television, fully equipped kitchens and 37-inch, hi-definition LCD televisions. Hotel amenities include an executive business center, a 24-hour pantry, an indoor swimming pool, a sports court, a fitness center, a sauna and more than 4,000 square feet of meeting space. The hotel is located within the New Jersey Meadowlands, close to the Meadowlands Sports Complex. The hotel is owned by East Rutherford Hotel LLC and managed by Allentown, Pa.-based HMB Management. The project architect was River Vale, N.J.-based Michels & Waldron Associates.

January 8, 2009

Hospitality Northeast

NY SUPREME COURT UPHOLDS TRUMP SOHO DESIGNATION AS TRANSIENT HOTEL

by admin January 8, 2009

NEW YORK CITY — The New York Supreme Court has denied a petition submitted by Soho Alliance, Inc. that challenged the status of the new Trump SoHo project as a lawful hotel condominium. The ruling sustains an earlier resolution of the New York City Board of Standards and Appeals in May 2008 that upheld the New York City Department of Buildings’ approval of the construction of Trump SoHo as a “Use Group 5 transient hotel.” The project is currently scheduled for a fall completion. Rising 46 stories and 449 feet, Trump SoHo is being developed by a joint venture between The Trump Organization, Bayrock Group and The Sapir Organization. The building was designed by Rockwell Group, and will feature 400 hotel condominium units, including 10 penthouse suites and one Presidential suite on the top four floors. Other amenities include the restaurant Quattro, a luxury rooftop venue, a more than 11,000-square-foot luxury spa, a ground-level bar and 12,000 square feet of meeting space.

January 8, 2009

Hospitality Southeast

CONSTRUCTION FIRM AT WORK ON HOTELS IN FLORIDA AND GEORGIA

by admin January 6, 2009

ST. AUGUSTINE, FLA., AND AUGUSTA, GA. — Orlando-based D&D Construction Services is expected to complete vertical construction on two 82-room Fairfield Inn & Suites hotels this month. The properties, which are being developed by State College, Pa.-based Shaner Hotels, are located in St. Augustine and Augusta. Both hotels feature meeting space and an outdoor pool and spa. The three-story St. Augustine hotel is slated for delivery in May, and the four-story Augusta hotel will be completed in July.

January 6, 2009

Hospitality Midwest

AMERICAN DESIGN-BUILD AND KINSETH HOPITALITY COMPLETE SLEEP INN & SUITES

by admin January 6, 2009

MILWAUKEE — West Bend, Wis.-based American Design-Build and North Liberty, Iowa-based Kinseth Hospitality Cos. have completed construction of a Sleep Inn & Suites located at the intersection of Layton Avenue and South 6th Street in Milwaukee. The three-story property, which is situated 1.5 miles from the west entrance of General Mitchell International Airport, houses 82 guest rooms. Amenities at the property include an indoor pool, a fitness center and a meeting room capable of hosting up to 35 people. Kinseth Hospitality Cos. will manage the Sleep Inn & Suites on behalf of Choice Hotels International.

January 6, 2009

Hospitality Texas

GRAND OPENING HELD FOR $50 MILLION EMBASSY SUITES

by admin December 23, 2008

SAN MARCOS, TEXAS — The grand opening has been held for the Embassy Suites San Marcos – Hotel, Spa & Conference Center, a $50 million hotel and spa located in San Marcos. The 10-story hotel features 283 suites, and the adjacent conference center totals more than 80,000 square feet. The conference center is owned by the city of San Marcos and managed by John Q. Hammons Hotels & Resorts. The hotel and spa is privately owned by John Q. Hammons and managed by his Springfield, Mo.-based hospitality company.

December 23, 2008

Hospitality Midwest

NORTHMARQ ARRANGES $11.65 MILLION CONSTRUCTION LOAN FOR EXTENDED-STAY HOTEL

by admin December 22, 2008

MINNEAPOLIS — The New Jersey and Minneapolis offices of NorthMarq Capital have arranged an $11.65 million loan for the construction of a hotel, which will be located in Minneapolis. A local hotelier has plans to build a 124-room extended-stay hotel representing one of the Hilton family brands. NorthMarq has secured 70 percent loan-to-cost financing for the client. Additional terms of the loan were not disclosed.

December 22, 2008

Hospitality Northeast

CROWNE PLAZA LONG ISLAND COMPLETE

by admin December 22, 2008

HOLTSVILLE, N.Y. — Construction has been completed for The Crowne Plaza Long Island-MacArthur Airport, located at 1730 N. Ocean Ave. in Holtsville. The hotel underwent an approximately $7 million renovation that converted it from a Radisson-branded hotel. The Crown Plaza features 188 rooms, 5,500 square feet of flexible meeting space, including a 3,000-square-foot ballroom, and a YOGI’S Grill & Sports Bar restaurant. The hotel is owned by Holtsville Hospitality and managed by Om Hospitality, under a license agreement with Atlanta-based InterContinental Hotels Group.

December 22, 2008

Hospitality Northeast

ROCKBRIDGE SECURES $11.7 MILLION HOTEL LOAN

by admin December 22, 2008

PLYMOUTH MEETING, PA. — RockBridge has secured $11.7 million in first-mortgage financing for a 150-suite Hyatt Summerfield Suites located in Plymouth Meeting. The all-suite, extended stay hotel features rooms with fully equipped kitchens, walk-in closets and dedicated work space. The owner-operator of the property, Wichita, Kan.-based LodgeWorks, plans to complete a $1.3 million renovation to the property in the future. The lender, as well as the terms of the loan, were undisclosed.

December 22, 2008

Hospitality Western

NEWMARK REALTY CAPITAL ARRANGES $30M LOAN FOR BEVERLY HILLS HOTEL

by admin December 19, 2008

BEVERLY HILLS, CALIF. — Newmark Realty Capital Inc. has arranged $30 million in permanent financing for the fee interest in the Beverly Hills Four Seasons Hotel. The hotel, which is located at 300 S. Doheny Dr., offers 285 rooms. George Mitsanas and Monique Monzon of Newmark Realty Capital arranged the financing. Specific terms of the transaction were not disclosed.

December 19, 2008

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