urban commons
Urban Commons Unveils World’s Largest Holiday Inn Resort With $27.5 Million Renovation Investment
Urban Commons | June 26, 2019
ORLANDO, Fla., June 26, 2019 -- Urban Commons, a Los Angeles-based real estate investment and development firm, has announced the successful rebranding of the former Nickelodeon Suites Resort to the Holiday Inn Resort Orlando Suites and Waterpark with a completed $27.5 million renovation. As part of a vision to broaden the hotel's seasonality and guest profile, the full-scale transformation extends across the waterpark and food and beverage spaces, introducing the world's largest Holiday Inn-branded resort to Orlando. Urban Commons acquired the Holiday Inn Orlando Suites and Waterpark in 2014 and with renovations now completed, revenue is an...
Urban Commons Completes Two-Year Multi-Million Dollar Renovation of 311-Room Sheraton Pasadena Hotel
Sheraton Pasadena | June 12, 2019
PASADENA, CA (June 12, 2019) — The Sheraton Pasadena Hotel has completed a two-year multi-million dollar renovation, it was announced today by Carlos Mendoza, General Manager. The hotel, which is adjacent to the Pasadena Convention Center, now offers the most recently renovated accommodations, public areas, and meeting space of any property within easy reach of the Convention Center campus. The property is owned by Urban Commons. According to Mr. Mendoza, the comprehensive refurbishment project which was accomplished by Gensler Design and Luna Construction, entailed renovation of the entire 311-room hotel including all guest rooms and su...
Urban Commons Appoints Salvatore G. Takoushian as President and Chief Financial Officer
Urban Commons | January 4, 2019
Los Angeles (January 4, 2019) – Urban Commons, a Los Angeles-based real estate investment and development firm, has announced the appointment of Salvatore G. Takoushian, a real estate investment banking veteran specializing in lodging and hospitality, as President and Chief Financial Officer. Mr. Takoushian was hired ahead of the acquisition of Urban Commons' largest hospitality asset by value to-date – The Wagner at the Battery, New York City (formerly known as The Ritz-Carlton New York, Battery Park). Mr. Takoushian will be responsible for overseeing strategy, company operations, financial partnerships and acquisitions. Ur...
