A weekly listing of transactions, projects, brand announcement and deals – only INNTEL about opportunities you can directly benefit from.
DEVELOPMENTS
TRANSACTIONS
AC Hotel Austin Hill Country | Developer (Developer Type) Stratus Properties Inc.
The site plan for the 325,000- square-foot, mixed-use development includes a 10-screen Moviehouse & Eatery, which opened in May, a 134-room Marriott AC hotel, expected to open in summer 2021, 140,000 square feet of office space, restaurants and 60,000 square feet of retail space.Source: Sources [Property], Marriott.com , Bizjournals.com, Communityimpact.com
Tag: Marriott AC hotel, Lantana Place, West William Cannon Drive, Stratus Properties Inc.
ICYMI: Hyatt Doubles Resort Footprint With Apple Leisure Group Acquisition
For the week of Aug. 16-20, Hotel News Now’s most-read stories include Hyatt Hotels Corp’sintent to acquire Apple Leisure Group, the latest U.S. hotel forecast, and more.Source: NN editorial staff
Tag: Apple Leisure Group, Hyatt Hotels Corp
Residence Inn | 3482 Mission Inn Ave, Riverside, CA 92501, USA
The numbers has been lowered to 220 in order to accommodate changes made to the rooftop observation deck, which will now extend along more of the frontage facing Mission Inn Ave.Source: Pe.com
Tag: Greens Group, Overland Development, Downtown Fire Station, Atman Kadakia, Residence Inn, Mission Inn Ave
Yorktowne Hotel has a new opening timeline, will soon take reservations
With wall coverings and work by local artists, luxurious showers and 22 extended-stay suites in the works, the Yorktowne Hotel has gotten the stamp of approval from officials at Hilton Hotels and is entering a 12-month countdown until its grand re-opening.Source: York Daily Record
Tag: Kim Hogeman, Director of Strategic DevelopmentKatie Mahoney, Vice President of YCEAPennsylvania Historical & MuseumCommissionYorktowne HotelGF Management Andrew TodJack Kay,Chairman of the York County Industrial Development AssociationYork County Economic AllianceKinsley Construction
18-story Westin hotel hosts grand opening in Tempe
TEMPE, AZ (3TV/CBS 5) — The Westin Hotel in Tempe has unveiled their newest hotel with a special grand opening.Source: AZFAMILY.COM
Tag: Westin Hotel in Tempe, Michael George,CEO of Crescent Hotels & Resorts, MillAvenue near Arizona State University’s Tempe campus, ASU, Sun Devil Football Stadium
DEVELOPMENTS
The Mills House Hotel in Charleston set for major revamp
RLJ Lodging Trust has selected Davidson Hospitality Group to act as management company for The Mills House Hotel in Charleston via its lifestyle operating vertical Pivot.
Tags: RLJ Lodging Trust, The Pink Hotel, The Ryder Hotel, Davidson Hospitality Group, Leslie Hale, The Mills House Hotel, Thom Geshay, Pivot, Hotel Bella Grace
TRANSACTIONS
RLJ Lodging Trust acquires AC Hotel by Marriott Boston Downtown for $89M
RLJ Lodging Trust (NYSE:RLJ) acquired the fee simple interest in the recently constructed 205-room AC Hotel by Marriott Boston Downtown for $89M or ~$434K/key; acquisition funded with existing cash on its balance sheet.
Tags: RLJ Lodging Trust, AC Hotel by Marriott Boston Downtown
Former EWEB steam plant redevelopment plans evolving to include hotel, doubling price tag
Plans for the former Eugene Water & Electric steam plant have evolved to include a hotel, but that and other changes have made the project more expensive, prompting developers to ask for more public support.
Tags: Eugene Water & Electric steam plant, Dream Plant LLC, Mark Miksis, deChase Miksis Development, Arcimoto, Mark Frohnmayer
Stonehouse Capital Has Acquired Rancho Caymus Inn
Stonehouse Capital (Stonehouse), an investor, owner, and developer of distincitive hospitality assets, has acquired the Rancho Caymus Inn located in Napa Valley.
Tags: Stonehouse Capital, Rancho Caymus Inn, Mary Tilden Morton, Jeff Broaden, Auberge, Calistoga Ranch, Life House, Rami Zeidan
Hard Rock will invest $70 million in hotel expansion in Cincinnati to complement new casino re-brand
Hard Rock International is planning a $70 million hotel investment at its Downtown Cincinnati property, as part of its strategy to transform the 9-year-old casino into more of a regional destination.
Tags: Hard Rock International, Jon Lucas
Hyatt completes acquisition of Apple Leisure Group
Hyatt Hotels Corporation has completed the previously announced acquisition of Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of KKR and KSL Capital Partners LLC.
Tags: Hyatt Hotels Corporation, Apple Leisure Group (ALG), KKR and KSL Capital Partners LLC, Mark Hoplamazian, Alejandro Reynal
Luxurious waterfront hotel launches in Miami
This exciting property combines an intimate hotel experience with resort-like amenities.
Tags: The Altair Hotel, PPG Development, Highgate
Indigo Road Hospitality Group Breaks Ground on the Flatiron Hotel
The Indigo Road Hospitality Group is celebrating the beginning of construction on the Flatiron Hotel project in Asheville, North Carolina.
Tags: Indigo Road Hospitality Group, Flatiron Hotel, Flatiron Preservation Group, LLC, GarageCap, JPW Development, Larry Spelts, Carrie Dessertine, Mey & Co., Steve Palmer
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