09
Mar 2023

Convention Center Hotel Proposed

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The Cincinnati Ohio Center City Development Corp. (3CDC) has entered into negotiations with developer Portman Holdings to build a new, $482 million headquarters hotel for the region downtown in a parking lot just south of the Duke Energy Convention Center. 3CDC is leading the process of building a new hotel, as well as updating the convention center. The city and county will have to agree to the eventual financing package. Portman has developed comparable projects, including a 700-room Hyatt Regency in Salt Lake City and the Lane Field development San Diego. It also developed the Atlanta Hyatt in the 1960s and It has developed over 19,000 hotel rooms. The 800-room hotel, would include 60,000 to 80,000 square feet of flexible meeting space, 15,000 square feet of retail, a pool, outdoor amenity deck, plus junior and senior ballrooms. The hotel will take 32 months to build, and construction could begin as soon as the first or second quarter of 2024. Steve Leeper, is CEO of 3CDC.
 
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08
Mar 2023

Mirage Hotel & Casino Renovation Planned

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The Mirage Hotel & Casino in Las Vegas Nevada which was recently purchased by Hard Rock International is planning to renovate the 3,044 guestroom hotel and casino and build a new 600 guestroom guitar shaped hotel tower along Las Vegas Blvd and convert the property into the Hard Rock brand. Jennifer Lazovich of Kaempher Crowell is the project’s representative. Hard Rock is owned by the Seminole Tribe of Florida. The Mirage’s real estate is owned by Vici Properties which leases the land to Hard Rock for $90 million per year.  
 
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07
Mar 2023

Brady Street Hotel Proposed

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Developer McSam Hotel Group recently secured a $35 million loan to complete a Marriott SpringHill Hotel currently under construction in Times Square, Manhattan in New York City. Located at 223 West 46th Street between Seventh and Eighth Avenues, the 200-key hotel is designed by Gene Kaufman Architects and will comprise of 70,000 square feet. The package was provided by the State Bank of Texas and includes a $20 million gap mortgage plus a $15 million consolidation of two previous loans provided by Silver Point Finance. Construction broke ground in 2020, topped out at 20 stories one year later, then slowed down at the height of the pandemic. The project team has not confirmed an opening date for the hotel however construction is in the final phases.
For detailed information on upcoming hotel developments, construction & renovation projects in the planning, design, pre-construction and construction phases including who is involved plus their contact information and our Preferred Vendor Directory & featured vendors please visit: HotelProjectLeads.com and subscribe today.

03
Mar 2023

Casino Hotel Construction and Renovation Planned

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Developer McSam Hotel Group recently secured a $35 million loan to complete a Marriott SpringHill Hotel currently under construction in Times Square, Manhattan in New York City. Located at 223 West 46th Street between Seventh and Eighth Avenues, the 200-key hotel is designed by Gene Kaufman Architects and will comprise of 70,000 square feet. The package was provided by the State Bank of Texas and includes a $20 million gap mortgage plus a $15 million consolidation of two previous loans provided by Silver Point Finance. Construction broke ground in 2020, topped out at 20 stories one year later, then slowed down at the height of the pandemic. The project team has not confirmed an opening date for the hotel however construction is in the final phases.
For detailed information on upcoming hotel developments, construction & renovation projects in the planning, design, pre-construction and construction phases including who is involved plus their contact information and our Preferred Vendor Directory & featured vendors please visit: HotelProjectLeads.com and subscribe today.

02
Mar 2023

Construction Continues on SpringHill Suites Hotel

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Developer McSam Hotel Group recently secured a $35 million loan to complete a Marriott SpringHill Hotel currently under construction in Times Square, Manhattan in New York City. Located at 223 West 46th Street between Seventh and Eighth Avenues, the 200-key hotel is designed by Gene Kaufman Architects and will comprise of 70,000 square feet. The package was provided by the State Bank of Texas and includes a $20 million gap mortgage plus a $15 million consolidation of two previous loans provided by Silver Point Finance. Construction broke ground in 2020, topped out at 20 stories one year later, then slowed down at the height of the pandemic. The project team has not confirmed an opening date for the hotel however construction is in the final phases.
 
For detailed information on upcoming hotel developments, construction & renovation projects in the planning, design, pre-construction and construction phases including who is involved plus their contact information and our Preferred Vendor Directory & featured vendors please visit: HotelProjectLeads.com and subscribe today.

01
Mar 2023

Theater District Hotel to be Renovated

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The Mayfair Hotel Group, a boutique hotel owner and operator, signed a 49-year lease at 242 W. 49th St in New York Cities Theater District. The hotel is 78-key, 21,000-square-foot building in the Times Square/Theater District area. The lease began in January 2023 with terms consisting of a 25-year term with a 24-year renewal. The property shut down as a result of the Covid-19 pandemic and has sat vacant since. Mayfair will begin a $2.5 million renovation of the hotel, which will be named the Mayfair Hotel NYC. The renovation will include updated interior design, enhanced mechanical systems and new food and beverage operations. Renovations are expected to take up to a year.  
  
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28
Feb 2023

St Regis Hotel & Residences Moves Forward

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The St Regis Hotel & Residences project in Miami Florida’s Brickell neighborhood is moving forward with the developers signing a utilities deal with the county. Located at 1809 Brickell Ave the project will include 350 resort residences and 30 hotel guestrooms. The project is being developed by Related Group and Integra Investments. Robert A.M. Stern Architects is designing the project.  
 
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24
Feb 2023

Demo begins for Construction of New Hotel

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A project to build a new downtown San Jose California hotel has is underway with demolition work for the 176-room lodging complex near Google’s proposed transit village. The project is funded by $48 million in construction financing from Poppy Bank. Keystone, the name of the new hotel, will operate as a Marriott TowneSuites which is being developed by, Urban Catalyst. The hotel site is located at the corner of West San Carlos Street and Josefa Street in downtown San Jose. The eight-story hotel is being built in an opportunity zone, which enables real estate investors to obtain favorable tax benefits. The overall project cost is $100 million. BDE Architects is the project designer. Erik Hayden is CEO of Urban Catalyst.  
 
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