BASKING RIDGE, N.J. — The grand opening has been held for Hotel Indigo Basking Ridge, a four-story, 112-room boutique hotel located at 80 Allen Road in Basking Ridge. The hotel was acquired last year, and a subsequent multi-million dollar renovation was launched. Amenities in the hotel include a state-of-the-art fitness and relaxation center, a gourmet café and a business center. Michael Sonnabend and Paul Fried of New York City-based AFC Realty Capital helped secure $20 million in acquisition and construction financing for the project, and invested in the ownership of the property. The hotel’s reopening marks the brand’s first owner-operated hotel to open in the state.
DALLAS, HOUSTON AND AUSTIN, TEXAS — Miami-based Gencom Group, in partnership with Lehman Brothers Real Estate Partners, has sold a six-property hotel portfolio to RLJ Real Estate Fund III, an affiliate of RLJ Development. The six hotels are all of the Hyatt Summerfield Suites brand: three hotels are located in the Dallas area, one is located in Houston, one is located in Austin and the last one is located in Colorado Springs, Colo. Each of the properties had recently undergone a conversion to the Hyatt Summerfield Suites Brand. RLJ has selected Aimbridge Hospitality to manage the three Dallas hotels, and White Lodging Services to manage the other three. The acquisition price was not disclosed.
AUGUSTA, GA. — Jones Lang LaSalle Hotels has arranged a $13.6 million construction loan for Stevens Creek Developments’ 154-unit Sheraton Hotel, located at 1075 Stevens Creek Rd. in Augusta. The five-story hotel, which is scheduled to open next year, sits on a 7-acre site .25 miles from Interstate 20 and 2 miles from the Augusta National Golf Club.
CAMPBELL, CALIF. — Irving, Texas-based Huntington Hotel Group has purchased an approximately 3.5-acre hotel development site located at 655 Creekside Way in Campbell. Sand Hill Property Co. sold the parcel, which is entitled for development prior to the sale, for an undisclosed price. Huntington Hotel plans to develop a 162-room Courtyard by Marriott on the site. The hotel will be part of a master-planned stretch of property, which will include the five-story, 170,000-square-foot Creekside Office Park project. Scott Griemsmann of NAI BT Commercial represented both parties in the transaction.
RAHWAY, N.J. — The grand opening has been held for the new Hotel Indigo Skyview Rahway, a 100-room boutique hotel located in Rahway. The hotel is part of a mixed-use development located in the city’s downtown area and arts district, and includes luxury condominiums and retail space, in addition to the hotel. The Hotel Indigo features fitness facilities, a casual restaurant, a full-service spa that will open in the fall, a 24-hour business center, two meeting rooms and high-speed Internet access throughout the hotel. The hotel is owned by Carriage City Hospitality, and will be managed by Atlanta-based InterContinental Hotels Group. The opening marks the first Hotel Indigo to open in New Jersey and the seventeenth worldwide.
LAS VEGAS — Cannery Casino Resorts is developing Eastside Cannery Casino & Hotel, which is located at 5255 Boulder Hwy. in Las Vegas. Slated to open August 28th, the $250 million property consists of a 16-story tower of bronze, glass and steel featuring a saw-tooth roofline. The casino offers more than 2,100 slot machines, 26 table games, a 450-seat bingo hall, a live keno lounge, a first-class poker room and a Race and Sports Book. The 300-room property also features 20,000 square feet of ballroom and meeting space, as well as a variety of restaurants and eateries, including CarveSM, Casa Cocina®, Sweet Lucy’s Tableside BuffetSM, The DeliSM, Snaps 24-Hour CaféSM and ONE SIXSM.
ROCKY MOUNT, N.C. — RockBridge Partners LLC has acquired a 461-room, four-hotel portfolio, the 31,933-square-foot mixed-use Gateway Center and a 4.57-acre parcel of land, all located in an area 1 mile east of I-95 off U.S. 64 in Rocky Mount, for $45.9 million. The hotels will be managed by Atlanta-based Hospitality Ventures and include a 168-room Holiday Inn, a 78-room Residence Inn, a 90-room Courtyard by Marriott and a 125-room Comfort Inn. The Holiday Inn is undergoing a $6.5 million transformation into a 166-room Doubletree, and the other three hotels will receive $2 million in renovations.
ONTARIO, CALIF. — InterContinental Hotels Group (IHG) has opened the 16th Hotel Indigo property and the first property in California with the opening of Hotel Indigo Ontario Rancho Cucamonga. Located at 3333 Shelby St. in Ontario, the 92-room hotel is the first boutique hotel in the city. The hotel features oversized lobby chairs; inviting guestrooms with plush bedding, hardwood floors and spa-inspired showers; a Phitness studio with cardio equipment and free weights; Phi, an on-site casual dining restaurant; a 24-hour business center; two meeting rooms; a complimentary airport shuttle and wireless high-speed Internet access. The hotel is owned by 3333 Shelby LLC and managed by Rim Hospitality, under a license agreement with a company in the InterContinental Hotels Group.
PARK CITY, UTAH AND SAN DIEGO — Rockford Hotels LLC has purchased The Hampton Inn & Suites and the Holiday Inn Express in Park City. Both properties are slated for upgrades and modernizations. The transaction price was not disclosed. Additionally, the company recently acquired Best Western Yacht Harbor Inn in San Diego for an undisclosed price. Rockford Hotels also completed a multi-million dollar renovation and repositioning of the property, which is located in close proximity to the airport and bayside businesses. George Brown of Westland Village, Calif.-based Brown Hotel Group Inc. represented Rockford in all three transactions. The sellers were not disclosed in either transaction.
COLUMBIA, S.C. — Glenmont AHDP LLC, a joint-venture between Sarasota, Fla.-based American Hotel Development Partners and New York City-based Glenmont Capital Management LLC, has opened its 112-room Candlewood Suites Hotel Columbia, located near the intersection of I-77 and Garners Ferry Rd. Room amenities at the extended-stay hotel include a fully-equipped kitchen, a free movie library and free high-speed Internet. The facility also houses a fitness center and a free laundry service.