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Concord Hospitality to Build $32M 224-room Marriott Renaissance Hotel in Westerville, Ohio
December 4, 2014
Dec. 04--A Marriot Renaissance hotel and conference center will be built in Westerville, according to city officials. The $32 million project will be located between Cleveland Avenue and Africa Road just south of Polaris Parkway in Westar Place, which was formerly known as the Altair Business Park. The eight-story hotel will have 224 rooms and a restaurant as well as 20,000 square feet of meeting space. Westerville purchased the 62-acre Altair site for $16.2 million earlier this year. Westar Place is part of the 941-acre Westar Business District of Westerville. There are already several businesses located in the Westar Business District
As Los Angeles Weighs Tougher Regulation, Airbnb Touts its Positive Economic Impact in City
December 4, 2014
Dec. 04--As Los Angeles City Council members launch a push for tougher regulations on short-term rental housing, the industry's biggest player has begun touting its impact on the city. Airbnb, a San Francisco firm that helps people rent space in their homes like hotels, on Thursday is releasing a study tallying its footprint in L.A. The tech firm -- which typically keeps its data close to its vest -- says that it has just under 4,500 "hosts" in the city of Los Angeles and that they earned a combined $43.1 million through the service from May 2013 through April 2014. After tracking spending by guests and hosts and projecting the effect t
The $700M Golden Nugget Casino and Resort Opens Next Week in Lake Charles, Louisiana
December 4, 2014
Dec. 04--The much-anticipated Golden Nugget casino and resort in Lake Charles, La., will open Monday. Tilman Fertitta, the billionaire restaurateur, amusement park operator and gambling mogul based in Houston, said many patrons began making reservations to stay at the casino hotel before the opening day had been set. A ribbon-cutting ceremony with local officials in Lake Charles is set for noon Monday. The $700 million project will be Fertitta's fifth casino since he took over Golden Nugget casino and hotel properties in Las Vegas and Laughlin, Nev., nine years ago. He later bought and rebranded a Trump facility in Atlantic City, N.J.,
Plan to Convert Biddeford, ME’s Lincoln Mill to $50M Hotel/Apart. Project Gains Conditional Approval
December 4, 2014
Dec. 04--A plan to transform the Lincoln Mill into a $50 million hotel and apartment complex on Wednesday received conditional approval from the Biddeford Planning Board. Kennebunkport developer Tim Harrington received approval for 96 apartments, an 81-room hotel, 150-seat restaurant and 65-seat restaurant in the former textile mill in the city's downtown, said City Planner Greg Tansley. Final plans for the project must be submitted to the board on Jan. 7. Harrington, who has been involved with the development of nine hotels and seven restaurants in Kennebunkport, will transform the brick mill building into the Lincoln Hotel and Lofts,
Renovated Omphoy Palm Beach Renamed as Tideline Ocean Resort & Spa, Palm Beach, FL
December 4, 2014
Dec. 04--The Omphoy Ocean Resort in Palm Beach has officially changed its name under new management and after some property improvements, a hotel spokesman said Thursday. As of Monday, the 134-room luxury resort at 2842 S. Ocean Blvd will be known as Tideline Ocean Resort & Spa, said General Manager Abe Liao, who came aboard when Kimpton Hotels & Restaurants assumed management Aug. 1. In the months after, the San Francisco-based hotel and restaurant management company has made improvements to bring it up to Kimpton's standards, he said. These include an on-demand yoga channel and yoga kits in guest rooms, mini-bars stocked with
Stonebridge Companies Opens New TownePlace Suites in Anchorage, Alaska
Stonebridge Companies | December 3, 2014
Stonebridge Companies, a leading hotel management and development company based in Denver, Colorado, is pleased to announce the opening of a 114-suite TownePlace Suites by Marriott in Anchorage, Alaska. The new extended stay hotel, located at 600 E. 32nd Avenue, Anchorage, AK 99503, is the state's first and only Marriott LEED certified hotel and features neighborhood style living in casual suites at a great value. Located five miles from Ted Stevens International Airport and seven minutes from downtown Anchorage, the hotel offers guests complimentary airport shuttle service with convenient access to Anchorage Museum of History & Art
Fibra Inn Acquires 186-key Mexico Plaza Guadalajara Andares Hotel; To be Converted to Wyndham Garden
Fibra Inn | December 3, 2014
December 03, 2014 - MONTERREY, Mexico - Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) ("Fibra Inn" or "the Company"), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced that it signed a closed purchase-sale agreement to acquire Mexico Plaza Guadalajara Andares Hotel, located in the state of Jalisco. The acquisition price for the hotel was Ps. 183.0 million, excluding Ps. 24.7 million for taxes, acquisition expenses and re-branding investment expenses. The projected stabilized cap rate for 2015 is 10.0%. A down payment of Ps
The 92-key Courtyard Indianapolis Noblesville Set to Open in Indiana
Courtyard by Marriott | December 3, 2014
Noblesville, Indiana - December 3, 2014 - Courtyard by Marriott is rolling out its innovative lobby and room design in Noblesville, Indiana. This is the latest Courtyard featuring the Refreshing Business lobby environment, where guests can enjoy an open and flexible space. Along with media pods, Wi-Fi and a variety of seating zones, the redefined space is ideal for everything from pop-up meetings to social gatherings. Scheduled to open this month, the 92-room Courtyard Indianapolis Noblesville also offers a refreshing and stylish room design that helps guests stay connected, productive and comfortable. Thoughtfully planned, each room fe