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
Hotel built around historic church opens in Indianapolis
A historic former church has been included in the design of a new hotel in Indianapolis. The Hampton Inn by Hilton and Homewood Suites recently opened along the downtown Indianapolis canal.
Tags: The Hampton Inn by Hilton, Sun Development & Management, Homewood Suites
TRANSACTIONS
NewcrestImage To Acquire Nine Arizona Properties From G6 Hospitality
NewcrestImage has reached a definitive agreement to purchase nine hotels in Arizona from G6 Hospitality – six branded Motel 6 and three branded Studio 6.
Tags: NewcrestImage, G6 Hospitality, Mehul Patel, Rob Palleschi
New Marriott hotel set to break ground in St. Petersburg’s Edge District
The project’s South Florida developers have scaled back plans for a food hall and office space, but the Moxy hotel is a go.
Tags: Moxy Hotel by Marriott, PTM Partners, DoveHill Capital Management, Edge Collective, Michael Tillman, Nicholas Pantuliano
Turnstone Ventures Acquires The Shire Woodstock
Turnstone Ventures, a vertically-integrated real estate investment firm led by Jeff Glew, has acquired the 50-key The Shire Woodstock in Woodstock, Vermont.
Tags: Turnstone Ventures, Jeff Glew, The Shire Woodstock, Life House Hotels, Bryan Dunn, Earle Wason, Joe Cardillo, Wason & Associates
The Massad House hotel, a fixture in downtown Richmond for about 60 years, has closed.
Tags: The Massad House hotel, Douglas Development Corp., John Massad, Norman Jemal, Douglas Jemal, Nathan Shor, S.L. Nusbaum Realty Co.
Booking Holdings Inc. Acquires Getaroom
Booking Holdings Inc. announced that it has successfully completed its previously announced plan to acquire Getaroom from Court Square Capital Partners for approximately $1.2 billion.
Tags: Booking Holdings Inc, Court Square Capital Partners, Getaroom, Priceline Partner Network, Brett Keller, Matt Davis
Dream Hotel Group unveils plans for Miami flagship in 2025
A new 165-key Dream Hotel has been planned as a centrepiece to the world-class Riverside Wharf hospitality and entertainment development in the heart of Downtown Miami.
Tags: Dream Hotel Group, MV Real Estate Holdings, Driftwood Capital, Jon Cardello, CUBE3 architects, Savinor-Miller Design Studios, Jay Stein
DiamondRock acquires two Florida resorts for $175.5M; more transactions
DiamondRock Hospitality Company has acquired two luxury beachfront hotels in Florida; RLJ Lodging Trust has purchased a Moxy hotel in Denver and disposed of a DoubleTree property in New York City; and Blue Flag Partners has acquired another property on Nantucket island in Massachusetts.
Tags: DiamondRock Hospitality Company, RLJ Lodging Trust, Moxy hotel, DoubleTree, Blue Flag Partners
Acme Hospitality and Eastern Real Estate to Open Azure Sky in Early 2022
Acme Hospitality and Eastern Real Estate, managing operators and owners respectively of a collection of boutique food, beverage, and hotel concepts in Santa Barbara and Nevada Counties, confirm their latest project – Azure Sky, a 14-room, 21-and-over boutique hotel, opening early 2022.
Tags: Acme Hospitality, Eastern Real Estate, Azure Sky, Lightning Bar Palm Springs, John Janulis, Lightning Bar Collective, Villa Royale, Anne L’Esperance, An Ellipsis Design, Cioffi Architect, Sherry Villanueva
Peachtree buys AC Hotel by Marriott in Aventura for $50M
Peachtree Hotel Group scooped up an AC hotel next to Aventura ParkSquare for $49.5 million.
Tags: Peachtree Hotel Group, AC hotel, MetLife Real Estate Lending, David Leatherwood,
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