CLEARWATER, FLA. — Sarasota, Fla.-based American Hotel Development Partners has been selected to build a $13.2 million, 106-room Staybridge Suites hotel at the St. Petersburg-Clearwater International Airport. Construction, which is expected to begin in August, is slated for completion in late 2009. The St. Petersburg-Clearwater International Airport is undergoing a $10 million renovation project, and has been awarded a $1.5 million grant from the Federal Aviation Administration for safety, security and the airport’s terminal renovation projects.
SUFFOLK, VA. — Virginia Beach, Va.-based Landmark Hotel Group has acquired the 3-year-old Hilton Garden Inn Suffolk from Noble Investment Group. Landmark will continue to operate the hotel as a Hilton Garden Inn, and will also manage the Suffolk Conference Center, which is attached to the facility. The company plans to make significant upgrades to the property. The price of acquisition was not disclosed.
LIBERTYVILLE, ILL. — On behalf of owners Frank and Sandy Sun, McHenry, Ill.-based Dixon Construction Group has broken ground on a 16,000-square-foot Hampton Inn located at 2061 Shell Dr. in Libertyville. The four-story hotel will feature 96 guestrooms, a pool, spa and meeting room. Additionally, a new restaurant will be built as an outlot on the hotel grounds. Construction of the $8 million project is scheduled for completion in March 2009.
GAITHERSBURG, MD. — Construction is underway on the $9 million renovation of the Holiday Inn Gaithersburg, which is located at 2 Montgomery Ave. The exterior renovation, which includes a complete upgrade of the façade, is 50 percent complete. Interior renovations include high-tech amenities in each of the 300 guestrooms, a revitalization of the main ballroom and an expanded business center. Environmentally sound improvements at the facility include low-flow toilets and showerheads, recycling containers in every guestroom, and environmentally friendly paint. During construction, the hotel will remain open for business.
PALM SPRINGS, CALIF. — RockBridge Partners, an affiliate of RockBridge Capital LLC, and Davidson Hotel Company have acquired Hyatt Regency Suites in Palm Springs from PSH Holdings Inc. for an undisclosed price. Located at 285 N. Palm Canyon Dr., the property features 194 one-bedroom suites, private balconies, mountain/desert views, high-speed Internet access, a full-service dining room, a putting green, a pool, a spa and 9,200 square feet of flexible meeting space. An $18.5 million renovation is planned for the property. The renovation, which will begin summer 2009, will upgrade virtually every aspect of the property. Davidson, who holds a minority interest in the joint venture, will coordinate the renovation and manage the hotel. Newport Beach, Calif.-based Maxim Hotel Brokers advised both parties in the transaction.
HERNDON, VA. — On behalf of Dallas-based Ashford Hospitality Trust, Molinaro Koger has arranged the sale of the Hyatt Hotel Washington Dulles International Airport located in Herndon Virginia. The 316 all-suite facility was acquired by Annapolis, Md.-based Thayer Lodging Group. With a Four-Diamond rating, the hotel will retain the Hyatt brand and continue to be managed under a long-term agreement with Global Hyatt Corporation. Amenities at the facility, which is located less than 2 miles from Washington Dulles International Airport, include an indoor pool, a high-energy fitness center and 10 meeting rooms with 7,250 square feet of meeting space. The price of the acquisition was not disclosed.
ARLINGTON, TEXAS — Atlanta-based InterContinental Hotels Group (IHG) will hold the grand opening this month for the 147-room Holiday Inn Arlington-Northeast, located at 1311 Wet and Wild Way in Arlington. The 102,000-square-foot hotel will feature The Sporting News Grill, marking the sports bar and restaurant’s second location to open inside a Holiday Inn. The hotel will feature complimentary high-speed Internet access, outside patios, a media room with a 62-inch LCD hi-definition television, complimentary airport shuttle service and 2,400 square feet of meeting space. It was designed by Fort Lauderdale, Fla.-based Zspace. The hotel is owned and operated by Newcrestt Management under a license agreement with IHG.
MIAMI BEACH, FLA. — On behalf of Oaktree Capital, Jones Lang LaSalle Hotels has brokered the $24.8 million sale of the Breakwater Edison Hotel in Miami Beach to Nakesh. LaSalle was retained by the appointed bankruptcy trustee for the hotel, Barry Mukamal of Rachlin LLP. The property, which combines two buildings that can accommodate 94 guestrooms, is undergoing significant redevelopment.
WICHITA, KAN. — RockBridge Capital has provided $10.1 million in first-mortgage financing to A.G. Holdings for the development of a 102-room SpringHill Suites in Witchita. The all-suite hotel, which will be located adjacent to the Plazzio lifestyle center, will be developed, owned and operated by A.G. Holdings.
MADISON, IND. — The Mumford Company has represented BAC Hotel Management in the approximately $1.43 million sale of the Country Hearth Inn of Madison. The inn was acquired by the Virginia-based multi-unit owner/operator, Lighthouse Lodging LLC. David Mumford and Ed James of Mumford’s Newport News, Va., headquarters and Tom Sommer of the firm’s Chicago office arranged the sale. The property will undergo renovations before continuing to operate as a Country Hearth Inn.