CLAYTON, MO. — McLean, Va.-based Sunrise Senior Living and Conrad Properties have partnered up for the renovation of Clayton on the Park, a 23-story hotel and apartment building located at 8025 Bonhomme Ave. in Clayton, into a senior living community. The renovated building, which will retain the original name, will comprise 208 apartments divided into studio, one-, two-, and three-bedroom units ranging in size from 600 to 1,800 square feet. Amenities will include a fitness and wellness center, a spa, a library, a theater, a bar and bistro, and a rooftop gathering spot. Residents will also have access to a community concierge, on-site housekeeping and linen service, transportation services, health alert systems, and coordinated in-home wellness services.
Hospitality
THE WOODLANDS, TEXAS — Jones Lang LaSalle Hotels has arranged the sale of The Woodlands Waterway Marriott Hotel & Convention Center in The Woodlands. The Woodlands Development Company sold the property to Inland. Features of the hotel include a fitness and health club, a heated outdoor pool, a whirlpool and hot tub, and an on-site, full-service spa called Urban Retreat. The property also features 70,000 square feet of meeting space with a 37,180-square-foot exhibition hall and an 18,000-square-foot ballroom. Jones Lang LaSalle Hotels arranged the transaction on behalf of the seller.
DALLAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged a $114.4 million non-recourse construction loan for The Tower Residences at the Ritz-Carlton in Dallas. The Tower Residences, which comprises a 23-floor, 96-unit tower and four townhomes, is the second phase of The Ritz-Carlton hotel and condominium development underway at 2121 McKinney Ave. near Dallas’ central business district, the Arts District, Victory Park and Uptown. Scott Galloway, Trey Morsbach and John Ahmed with HFF worked on behalf of Fort Worth, Texas-based Crescent Real Estate Equities to secure the 36-month, adjustable-rate loan through Societe Generale. Completion is set for 2009.
BLUFFTON-HILTON HEAD ISLAND, S.C. — Sarasota, Fla.-based American Hotel Development and partner N.Y. based-Glenmont Capital broke ground on a $12 million, 124-room Hilton Head Candlewood Suites on Bluffton-Hilton Head Island. The extended-stay project will feature studios and one- and two-bedroom suites. The hotel is located on U.S. Route 278, seven miles east of the entrance to Sun City Hilton Head, and is slated to open this summer.
BRANDON, FLA. — Embassy Suites Hotels has opened a 147-suite hotel at 10220 Palm River Rd. in Brandon, near Tampa, Fla. The property is owned by Whiteco Industries and is operated by White Lodging. The hotel offers 3,000 square feet of meeting space, a swimming pool and spa, an on-site fitness center and a 24-hour business center.
STERLING, VA. — Construction is complete on the Hampton Inn & Suites Washington-Dulles Airport. The five-story property features 170 rooms and approximately 3,000 square feet of meeting space. Amenities include wireless Internet access, an indoor pool, a fitness center and a business center. The property is located two miles from the Dulles International Airport and a variety of local attractions.
STERLING, VA. — Construction is complete on the Hampton Inn & Suites Washington-Dulles Airport. The five-story property features 170 rooms and approximately 3,000 square feet of meeting space. Amenities include wireless Internet access, an indoor pool, a fitness center and a business center. The property is located two miles from the Dulles International Airport and a variety of local attractions.
GREENSBORO, N.C. — An affiliate of Norfolk, Va.-based Harbor Group International (HGI) has sold the 127-room Hampton Inn Hotel in Greensboro to an affiliate of Medalist Properties for $15.5 million. Doug Henkel of CB Richard Ellis brokered the transaction.
SOMERSET, N.J. — InterContinental Hotels Group (IHG) has opened the 439-room Crowne Plaza Somerset-Bridgewater at 110 Davison Ave. in Somerset. Formerly a Marriott, the converted hotel features a 24-hour business center, the area’s largest health club, a gift shop, an indoor/outdoor swimming pool, wireless Internet access, a restaurant and lounge and Kosher catering capabilities. The hotel also includes 14,000 square feet of office space and offers the Crowne Plaza Sleep Advantage program, which creates a restful environment and supplies sleep-related products and services. Alpha Capital Corp. owns and manages the hotel under a license agreement with an IHG company.
URBANDALE, IOWA — West Des Moines, Iowa-based CB Richard Ellis/Hubbel Commercial (CBRE) completed the sale of a 76-room Microtel Inn & Suites, located at 8711 Plum Dr. in Urbandale, for $2.6 million. The 38,745-square-foot property, which is situated on 1.67 acres, was acquired from Larkin Hospitality by Nebraska-based Lotus Motel. Linda Gibbs and Tim Sharpe of CBRE advised the seller in the transaction.