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
AC Hotels opens in St Louis after US$44 million build
St Louis’ inaugural AC Hotels-branded scheme is a seven-storey, 192-key property located in the heart of the city’s upscale Central West End district at the eastern edge of Forest Park.
Tags: AC Hotels, Koplar Properties, Homebase Partners, Andy Holloran, Concord Hospitality Enterprises, DLR Group, Candice Woodring
TRANSACTIONS
NEWCRESTIMAGE ALIGNS WITH AIMBRIDGE; TAKES MINORITY STAKE
Dallas-based hotel developer NewcrestImage will transfer its existing hotel management agreement rights to Plano, Texas-based, third-party hotel management giant Aimbridge Hospitality.
Tags: NewcrestImage, Aimbridge Hospitality, Mehul Patel, Mike Deitemeyer
Project of the Week: Waldorf Astoria Hotel & Residences Miami
Currently in the planning process and expected to debut in early 2025, Waldorf Astoria Hotel & Residences Miami is a collaboration between Marriott International, Greybrook Realty Partners, PMG Development, Mohari Hospitality and S2 Development.
Tags: Waldorf Astoria Hotel & Residences, Marriott International, Greybook Realty Partners, PMG Development, Mohari Hospitality, S2 Development, Sieger Suarez Architects
Recent transactions include Navika Group of Companies acquiring the Andaz Wall Street, which will be rebranded to the Hyatt Centric Wall Street; Noble Investment Group purchasing two Hilton-branded properties in National Landing in Arlington, VA; and The Kessler Collection acquiring the historic Elks Building in New Bern, NC, to convert to a boutique hotel.
Tags: Navika Group of Companies, Andaz Wall Street, Blue Sky Hospitality Solutions, Noble Investment Group, Hampton Inn & Suites, Hilton Garden Inn, The Kessler Collection, Elks Building
Old uptown Greenville building demolished, hotel to replace
Anyone in the uptown Greenville area may have noticed new construction work going on. Crews demolished the old Cinnamon Indian Cuisine building between 4th and 5th streets along Evans Street in uptown Greenville Wednesday.
Tags: Hilton Garden Inn hotel
Grand Heritage Hotel Group buys two Colorado resort hotels
Driftwood Capital has closed a $138.7 million financing package for two resort hotels located in Estes Park, Colo., on behalf of the sponsor Grand Heritage Hotel Group.
Tags: Driftwood Capital, Grand Heritage Hotel Group, Stanley Campus, Fall River Village Resort, Driftwood Lending Partners, David Steiner
Landmark Galveston hotel unveils first look at grand renovations
Galveston’s historic hotel Grand Galvez is in midst of a massive renovation and remodel, and future guests can now get a sneak peek of the updates to the Gulf Coast’s 110-year-old, 4-star landmark.
Tags: Grand Galvez, Mark Wyant, Lorenda Wyant
Hakimian sells hotel at 75 Wall Street
The Hakimian Organization is checking out of the hotel at 75 Wall Street. The group has sold the hotel portion, titled Andaz Wall Street, of the building to Navika Capital Group for nearly $85 million, according to public records filed Tuesday.
Tags: The Hakimian Organization, Navika Capital Group
Hyatt Regency Morristown unveils multimillion-dollar renovation
In New Jersey, the Hyatt Regency Morristown has unveiled a reimagined hotel experience following a multimillion-dollar renovation.
Tags: Hyatt Regency, Fisher Development Associates, Jeff Babcock, Olnick Organization, Siobhan Barry, Gensler, Headquarters Plaza
PTM Partners and DoveHill Capital Management to Develop the Edge Collective
PTM Partners and DoveHill Capital Management announced their joint venture partnership on the Edge Collective.
Tags: PTM Partners, DoveHill Capital Management, Edge Collective, Moxy Hotel by Marriott, Wurzak Hotel Group, Nicholas Pantuliano, Storyn Studio, Jake Wurzak, Michael Tillman
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