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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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.
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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.


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.


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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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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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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Huntersville North Carolina Board of Commissioners approved a rezoning request and special-use permit for Hotel Ventures of Lake Norman Inc. led by hotel developer Hitesh Patel, to allow for the development of a 109-room hotel at 16221 Northcross Drive. The project would include product from two Marriott brands, Fairfield by Marriott and TownPlace Suites. The project would include a four-story hotel at the 2.66-acre project site near Exit 25 off Interstate 77. Of the 109 rooms at the project, roughly 48 would be geared toward extended-stay guests with features such as a kitchenette.
 
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