Inntuity Staff

December 17

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

Airport hotels expand in face of pandemic challenges

Construction of a $30 million hotel facility near Hartsfield-Jackson International airport has finally started. It’s a year later than anticipated, but the opening might come at just the right time, the developer says.

Tags: Hartsfield-Jackson International Airport, Premier Petroleum Hospitality, Cookie Smoak, Aziz Dhanani, Home2 Suites, Tru hotel

TRANSACTIONS

Aimbridge Hospitality Acquires Prism Hotels & Resorts

Aimbridge Hospitality, the world’s largest third-party hotel management company, has acquired hotel operator Prism Hotels & Resorts, a third-party hotel management, investment and advisory services company.

Tags: Aimbridge Hospitality, Prism Hotels & Resorts, Mike Deitemeyer, Steve Van

Hotel & Rooftop Bar Planned for Chapel Hill

A five-story hotel with a rooftop bar and public park is coming to downtown Chapel Hill North Carolina beside the historic Old Town Hall.

Tags: Smart Hotels, Clarendon Properties, Dan Jewell, Coulter Jewell Thames

Hard Rock International to Acquire Operations of The Mirage Hotel and Casino

Hard Rock International, a hospitality and entertainment company, announced its agreement to acquire the operations of The Mirage Hotel and Casino in Las Vegas from MGM Resorts International, subject to regulatory approvals and other customary closing conditions.

Tags: Hard Rock International, The Mirage Hotel and Casino, MGM Resorts International, VICI Properties Inc., Jim Allen, Jones Day, Fox Rothschild LLP, McDonald Carano LLP

Bywater Hotel Developers Celebrate Groundbreaking

On Dec. 8, developer Ted Kelso’s Stateside Hospitality and partners hosted a ceremonial groundbreaking at the construction site of a new 93-room Arrive New Orleans hotel at the corner of Chartres and Mazant in the Bywater neighborhood.

Tags: Ted Kelso, Stateside Hospitality, Arrive New Orleans Hotel, Trison Construction, studioWTA, Elemental Architecture, Palisociety

Dunes Manor Hotel, Court & Suites Acquired by OTO Development

OTO Development has acquired Dunes Manor Hotel, Court & Suites in Ocean City, Maryland.

Tags: OTO Development, Dunes Manor Hotel, Court & Suites, The Johnson Group, Corry Oakes

Courtyard by Marriott Plans to Renovate North American Hotels

Courtyard by Marriott, the brand with the largest global footprint of hotels within Marriott Bonvoy’s portfolio of 30 brands, announces its modern design evolution and renovation strategy for North America.

Tags: Courtyard by Marriott, Marriott Bonvoy, Diane Mayer

Monroe hotel rebranded to Holiday Inn Express after $2 million in renovations

Being located near entertainment, sports and shopping destinations, and less than one mile from Interstate 75, were some of the reasons a hotel company bought and remodeled the former Comfort Inn.

Tags: Comfort Inn, Holiday Inn Express and Suites, Roshan Patel, Scarlet and Gray Hospitality