IRVING, TEXAS — InterContinental Hotels Group (IHG) has plans for a project that will incorporate a new 150-room Crowne Plaza and a new 85-room Hotel Indigo in the Las Colinas community in Irving. The hotels, which are expected to open in 2010, will be developed in one building. Crowne Plaza and Hotel Indigo will have separate entrances but will share public areas such as the fitness center and the swimming pool. Platinum Hospitality LLC will own the hotels; Patriot Hospitality, under a license agreement with a company in IHG, will manage them.
MILWAUKEE — Oconomowoc, Wis.-based Milmark Hotel/Motel Investments has brokered the sale of a 192-room Hospitality Inn & Suites, located at 4400 S. 27th St. in Milwaukee, for $6.95 million. The buyer, SIDHIVINAYAK LLC, plans to implement a capital improvements program to the property. It will also re-flag one of the buildings on the property as a Rodeway Inn & Suites, while the other will remain a Hospitality Inn & Suites. Ronald McCord and Jennifer Church of Milmark negotiated the transaction. The property was sold by Graebner Enterprises.
LAS VEGAS — CityCenter has unveiled its plans for a resort casino, which is slated to open in late 2009. Designed by Pelli Clarke Pelli Architects, ARIRA Resort & Casino will feature two curvilinear glass towers, lush foliage, wood and stone elements, and a three-story lobby and casino. Additionally, the project will feature a variety of dining options, including bistros, cafés and world-renowned restaurants. Other features include lounges, bars, nightclubs, a spa, a full service salon, a barbershop, a deluxe fitness room and a group exercise studio. ARIRA will be the core of CityCenter, a more than $8 billion vertical city currently under construction between the Bellagio and Monte Carlo resorts on the Las Vegas strip.
FORT WORTH, TEXAS — Jones Lang LaSalle (JLL) Hotels has completed the sale of the Radisson Fort Worth South on behalf of Allegiance Hospitality. Chhatrala Hotels purchased the six-story property, which comprises 247 guestrooms, an indoor pool, a fitness center, a business center, a restaurant and 11,000 square feet of meeting space.
MIAMI BEACH, FLA. — Soho House is developing Soho Beach House Miami, a $32 million, 83,000-square-foot hotel/condo complex. The project will consist of renovating the seven-story art deco-style Sovereign Hotel and building a 16-story addition for the residential component. At completion the project will have 44 hotel rooms and 23 residential units. Features of the property will include a spa, a swimming pool, a restaurant, two outdoor bars, a wine room and private rooftop sunbathing decks. The project is slated to complete in 2009. Ft. Lauderdale, Fla.-based Moss & Associates is the general contractor.
TEMPLE TERRACE, FLA. — Chattanooga, Tenn.-based 3H Group has acquired an 83-room Fairfield Inn & Suites in Temple Terrace, from Maryland-based Baywood Hotels, for $7.5 million. Jaiman Patel and Niven Patel of Marcus & Millichap’s Tampa, Fla., office represented the seller, and Jaiman also represented the buyer, along with Jeffrey Solenberger, of the same office.
QUINCY, ILL. — The 97-room Holiday Inn Quincy has opened at 4821 Oak St. in Quincy. The three-story hotel totals 71,853 square feet and includes 4,500 square feet of space for group events. Hotel amenities include an indoor pool and whirlpool, a business center, wireless Internet access, a 24-hour fitness center and two restaurants. The project was developed and is owned by Duane Venvertloh and Steve Brink, both of Quincy.
ANDERSON, S.C., AND KANNAPOLIS, N.C. — Home-Towne Suites has acquired two Mainstay Suites hotels in Anderson and Kannapolis, from David Drye Co., for a total of $6.4 million. In Anderson, the hotel property features 79 rooms, a swimming pool and a business center. In Kannapolis, the hotel features 80 rooms and a business center. Ed James of The Mumford Company’s Newport News, Va., office, Tom Sommer of its Chicago office and Steve Kirby of its Atlanta office were the sole brokers in the sales transaction and exclusively represented the seller. The buyer intends to renovate the properties for operation as core brand products.
LINCOLNWOOD, ILL. — A joint venture between Inland Real Estate Acquisitions and TMK Development has acquired the former Purple Hotel, located at the intersection of Touhy and Lincoln avenues in Lincolnwood, for redevelopment. The hotel, which closed in 2007, will be demolished to make way for a mixed-use development named Legacy Place. Initial plans for the project include 100,000 square feet of restaurant and retail space, 40,000 square feet of office space, a 350-room boutique hotel, more than 200 residential units, a health club and a premium movie theater. Legacy Place will also include a fountain and a monument that will incorporate bricks from the Purple Hotel’s façade. Construction is expected to begin in 2009.
GUNNISON, ORE. — Pennbridge Capital has acquired the Holiday Inn Express Hotel & Suites in Gunnison from Teco Corp. for an undisclosed price. Located on Tomichi Avenue, the hotel, which was built in 2006, offers 84 standard rooms and 23 suites. Josh Lewis of Lee & Associates LA North/Ventura Inc. was the sole broker involved in the transaction and arranged the acquisition on behalf of the buyer.