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
Two Hotels Planned for Kokomo’s South Side
Two new hotels are planned for Kokomo Indiana’s south side.
Tags: Ryan Rediger, Home2 Suites, Bharat Patel, Sun Development & Management Corporation, Stoeppelwerth & Associates Inc, Fairfield Inn, Wyatt Johnson, Muhammad Chaudhry
TRANSACTIONS
Distress specialist buys Santa Barbara hotel
An investment firm focused on distressed hotels has purchased a 158-key hotel just outside Santa Barbara at a discount.
Tags: Makar Properties, KHP Capital Partners, AWH Partners, Paul Makaracian, Holiday Inn, Hadi Makarechian
Hotel Construction Underway at Panama City Beach
Developer St. Joe Company, has three hotels under construction across Bay County with two of which sit in Panama City Beach Florida.
Tags: St. Joe Company, Hotel Indigo, Killian Construction, Homewood Suites, Embassy Suites, David Demarest
TPG ADDS MARSHALL, EYEING MORE MANAGEMENT COMPANIES
TPG Hotels, Resorts and Marinas (TPG), Providence, Rhode Island, has beefed up its third-party management business with the acquisition of Marshall Hotels and Resorts, which specializes in operating 3- and 4-star branded hotels and resorts.
Tags: TPG Hotels, Resorts and Marinas, Marshall Hotels and Resorts, Mike Marshall, Robert Leven, The Procaccianti Companies
Opening soon: AC Hotel in Navy Yard; rooftop bar is called Smoke & Mirrors
Marriott will open its fifth AC Hotel-branded property in the D.C. region on Feb. 3 in Southeast D.C.’s Navy Yard neighborhood.
Tags: Marriott, AC Hotel, Concord Hospitality Enterprises, Whitman Peterson, Greystar Real Estate Investments
PM Hotel Group Merges With Modus Hotels
PM Hotel Group announced its merger with Modus Hotels. The company’s lifestyle portfolio will combine Modus’ operational efficiency and lifestyle properties with PM Hotel Group.
Tags: PM Hotel Group, Modus Hotels, Joseph Bojanowski, Adam Gollance
The Frenchmen Hotel reopens after renovations
In time for return of Mardi Gras and Jazz Fest, the renovated Frenchmen Hotel is set to reopen on Feb. 1 in New Orleans.
Tags: Frenchmen Hotel, Robert Thompson, Angevin and Co., Whitney Hotel
Remington Hotels Assumes Management of SpringHill Suites Austin West/Lakeway
Remington Hotels has assumed management of the SpringHill Suites Austin West/Lakeway by Marriott in Lakeway, Texas.
Tags: Remington Hotels, SpringHill Suites, TCOR Hotel Partners, Stan Kennedy, Tom Corcoran
IHG strikes deal to open first Hotel Indigo in Minneapolis
On opening later this year, the development will provide an exciting lifestyle hub in the heart of downtown Minneapolis.
Tags: IHG, Hotel Indigo, Julienne Smith, Great Lakes Management Group, Neil Densmore
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