News

Nov 2022

Home2 Suites Planed for Toyota Center

Hotel developer PA Hospitality is planning to begin construction of a 221 guestroom Tru by Hilton & Home2 Suites Hotel at 1514 Leeland Street in downtown Houston Texas. PA obtained a $37.4 million construction loan to build the dual branded hotel located south of Toyota Center and the George R Brown Convention Center. Owned by Alif Maredia, PA Hospitality will manage the hotel which will break ground by the end of the year and be completed the 3^rd quarter of 2023. Hall Structured Finance provided the construction loan for the project.

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Nov 2022

Boutique Hotel Planned for the EDGE District

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A new 114-key boutique hotel with a significant food and beverage focus has been proposed for the EDGE District of downtown St. Pete Florida. The 13-story hotel will rise 150 feet above the EDGE District on the corner of Central Avenue and 11th Street near Ilan Averbuch’s Sun on the EDGE roundabout sculpture. The project will have 321 feet of Central Avenue frontage. The development planned by developer Jonathan Daou, President of Eastman Equity. The project will consist of the main hotel tower plus approximately six food and beverage concepts scattered throughout, including a lobby bar, a pool bar on the 2nd floor, and a rooftop bar on the 13th floor with sweeping views of the downtown St. Pete skyline. The 1940s building that until recently housed Karma Juice Bar & Eatery will not be demolished, but instead be incorporated into the new hotel’s design and occupied by a new full-service restaurant. Albert Alfonso of Alfonso Architects is designing the project. Daou hopes to break ground on the hotel by early 2023 with an opening in the first half of 2024.

Oct 2022

Historic Building to be Converted to Hotel

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Hotel developer Beechwood Pinnacle Hotels is planning a $73 million renovation of a 109-year-old historic building along Grand Boulevard in downtown Kansas City Missouri. Beechwood Pinnacle Hotels is expected to start construction on its conversion of the 13-story Rialto Building at 906-910 Grand Blvd. into a 240-room AC Hotel by Marriott late this year and the project then would be completed in 2023. The AC Rialto plans to include a first-floor restaurant and bar, plus meeting space and an exercise facility. The hotel will not include on-site parking and instead anticipates using an 85-space lot about two blocks away, at 710 Walnut St., for valet service. Beechwood manages 20 hotels with 2,183 guest rooms throughout Arkansas, Oklahoma and Mississippi.

Oct 2022

Brew House Hotel Planned

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Steeplejack Brewing in Manzanita Oregon is planning an addition that will include: a family-friendly pub, taphouse and bar with a rooftop deck, a pinball and games arcade, a hotel, a bocce ball court, and, ice cream shop. Initial design plans for the complex have been approved by the city that will blend into downtown Manzanita. The double lot complex, at 220 Laneda Ave., is across the street from Manzanita Grocery and Deli, The Little Apple. It is adjacent to Dixie’s Vino wine tasting room to the west and Finnesterre home goods store to the east. Construction will start early next year with construction to be complete late 2024. Brody Day and Dustin Harder are the project developers and Steeplejack owners.

Oct 2022

Extended Stay Hotel Planned on Jackson Road

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A busy commercial area along Jackson Road just outside Ann Arbor Michigan is planned to get a new business park, and extended-stay hotel. Developers are proposing the project, called the Honey Creek Business Park, for a 25-acre property near the intersection of Jackson and Zeeb roads. The land, at 5411 Jackson Road, is the site of a former Edwards Brothers Malloy book manufacturing and printing facility that the company closed in 2018. The plans submitted to Scio Township are in early stages, they show a four-story, 122-room hotel behind an existing Burger King and Zippy Auto Wash. Concord Development is planning the project with owner RSH Equites LLC. A.R. Brouwer Co is the project’s construction manager led by Mark Melshi. Carlisle Wortman Assocites Inc is the project’s master planners & architect. Metro Consulting Associates is the project’s engineer.

Oct 2022

Hotel Mixed Use Towers Planned for North Bay Village

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Developer Sunbeam Properties plans an 8-10 tower development in North Bay Village Florida. The recently approved project will include 7.3 million square feet, including 8-10 towers rising up to 650 feet, with: 1,936 residential units (117 will be workforce housing units), 200,000 square foot Class A HQ office building, 300-room luxury hotel with sky restaurant and observation deck. Hyatt signed a letter expressing interest in operating the hotel. 670,000 square feet of commercial, with grocery store, restaurants, entertainment, and retail, a small production studio, a state-of-the-art marina, and 5,000 parking spaces. A baywalk along the waterfront called Island Walk is planned. The developer also wants to build a pedestrian bridge across 79th street and add a water taxi/ferry service. Plusurbia is designing the project.

Oct 2022

Mixed Use Hotel Project Breaks Ground

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The Patriots Point Development Authority Board and Bennett Hospitality broke ground on a five-phase, 15-year development project in Mount Pleasant South Carolina. The Patriots Annex project is a $300 million development that will include three hotels, restaurants, entertainment, shops, three office buildings, parks and an amphitheater. Developers estimate initial construction and submitting of remaining plans will start in fall 2023. Michael Bennett of Bennett Hospitality are planning the development which includes Cooper Carry Architects. The largest hotel, the Grand Patriot, will sit towards the back of the property at 250 rooms. The other two hotels will have 100 to 150 rooms. The first step in construction is to move the visitor parking lot due to much of the proposed development being built on that land. A new parking lot will be moved to accommodate visitors and tourists. The project will take about 15 years with five phases to complete.

Oct 2022

Historic Courthouse to be Converted to Boutique Hotel

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Developer Weyland Ventures acquired the former Hardin County Courthouse in Elizabethtown, Kentucky, with plans to transform it into a boutique hotel. The firm launched the Common Bond Hotel Collection, a hospitality group to deliver a series of boutique hotels throughout Kentucky. The exterior and footprint of the building will remain the same and the interior will be renovated to include 24 guestrooms in the hotel. Like all the hotels in the collection, the Hardin County hotel will feature a food and beverage concept. The top floor of the three-story building will house the eatery, including craft cocktails and small plates. The hotel will also offer valet and other parking options. The Common Bond Hotel Collection will include seven hotels over the next three years. Including boutique hotels in Bardstown, Frankfort, Louisville and Paducah, Kentucky. The first project under the Common Bond banner will be the Bardstown Motor Lodge and Toogie’s Table, a reimagined design of the former Bardstown Parkview Motel and Kurtz Family Restaurant in Bardstown, Kentucky. Mariah Gratz is CEO of Weyland Ventures. Craig Pishotti is co-founder of Collon Bond Hotel Collection. Michael Wajda, former executive chef at Lodgic Everyday Kitchen in NuLu, is working with Weyland Ventures LLC on the culinary aspects of each hotel.

Oct 2022

Construction Starts on Marriott Hotel

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Construction has started on a new hotel in downtown Huntsville Alabama. The Autograph Collection by Marriott will be built at the southwest corner of the reconstructed parking garage on Monroe Street across from the Von Braun Center’s Propst Arena. The hotel, will have eight floors and 200 guest-rooms. The $40 million project will have a rooftop bar overlooking Big Spring Park as well as two-full service restaurants and conference & banquet space. The hotel is expected to be completed by late next year or early 2024. Ascent Hospitality is the project developer. A hotel is also planned as part of a $325 million development known as Front Row at the former site of the Coca-Cola bottling plant on Clinton Avenue. And a Moxy hotel adjacent to the AC Hotel is planned for the third phase of CityCentre.

Oct 2022

Hollywood Casino Hotel Planned for Westside

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Casino owner PENN Entertainment plans for a $100 million, 180 guestroom hotel development at the Hollywood Casino in Columbus Ohio on the west side. The hotel project include new food and beverage offerings. The new hotel will be attached to the existing property and will add about 100 new permanent jobs, along with hundreds of temporary construction jobs. Penn also is planning upgrades to the existing casino which was built in 2012. Jay Snowden is CEO of PENN Entertainment. Construction is expected to begin in the 4^th quarter of 2023.

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