Hotel & Motel Management - September 15, 2008 - (Page 76)

76 Transactions H&MM September 15, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition Greensboro, N.C. Accor North America made its ﬁrst Studio 6 corporate acquisition in more than seven years. The newest Studio 6 property is located in Greensboro, N.C., two miles from the Greensboro Coliseum and 12 miles from the Piedmont Triad International Airport. Formerly a Residence Inn, the property opened on July 24 under the ownership and management of Studio 6. The last Studio 6 acquisition was in January 2001. Lancaster, Calif. This is the ﬁrst hotel of a two-hotel complex the company is developing in this location. The second hotel will be a 92-room Homewood Suites that is scheduled to open in September. A new Homewood Suites by Hilton property is open in Virginia Beach, Va. The 122suite hotel is owned by Virginia Beach Hotel Investors LLC and managed by New Castle Hotels LLC. The new 89-room Country Inn & Suites by Carlson RochesterBrighton is open in Rochester, N.Y. The owner of the hotel is Brighton Lodging Associates LLC. A new 74-room Country Inn & Suites by Carlson is open in Fairburn, Ga. The owner of the hotel is OM Investment LLC. Marriott International announced the expansion of its diverse hotel ownership portfolio with the opening of the African-American-owned, 162suite Residence Inn National Harbor Washington, D.C., in Maryland’s Prince George’s County. The hotel is the eighth Marriott hotel owned by Los Angeles-based Integrated Capital LLC and the sixth diverse-owned Marriott hotel in the county. ACCOR ACQUISITIONS Divine Lodging purchased the Fairﬁeld Inn & Suites Tampa North in Temple Terrace, Fla., from Baywood Hotels for an undisclosed price. This 83-room hotel is managed by 3H Group Hotels. CARM sold the Save Inn Richmond (Ill.) to Vijay Patel for an undisclosed price. The independent motel has 60 guestrooms. The 109-room Fairﬁeld Inn & Suites by Marriott in Olive Branch, Miss., opened recently. The hotel is owned by McNeill Commercial Real Estate and managed by McNeill Management Co. An 89-room Fairﬁeld Inn & Suites recently opened in Lake City, Fla. The property is owned by Jaiguru Inv. and managed by 3H Group Hotels. The Hotel Group expanded its portfolio of properties in Alaska with the opening of the Holiday Inn Express Hotel & Suites in Fairbanks. The hotel has 92 guestrooms. Jiten Hotel Management opened the 91-room Fairﬁeld Inn & Suites by Marriott in Coventry, R.I. Jiten owns and manages the hotel. Starwood Hotels & Resorts Worldwide and Kam Sang Co. opened the Sheraton Garden Grove-Anaheim (Calif.) South Hotel. The new-build hotel has 285 guestrooms. Budgetel Franchise System added seven properties to its portfolio: Atlanta, 130 rooms; New Orleans, 64 rooms; Montgomery, Ala., 54 rooms; Durham, N.C., 68 rooms; Decatur, Ga., 160 rooms; Houston, 64 rooms; and Columbia, S.C., 130 rooms. Insignia Hospitality Group opened the 94-room Fairﬁeld Inn & Suites by Marriott in Hobbs, N.M. Insignia owns and operates the hotel. OPENINGS Boulder Ridge Hotels LLC opened a Microtel Inn & Suites hotel in Conway, Ark. The 71room hotel is managed by SKY Hospitality. The Best Western AquiaQuantico Inn in Aquia Harbour, Va., is open. The 119-room hotel is owned by James M. Bowen Co. II LLC. Starwood Hotels & Resorts Worldwide and Driftwood Hospitality opened the Sheraton Jacksonville (Fla.) Hotel. The newly constructed property has 159 guestrooms. The Sheraton Columbia (S.C.) Downtown Hotel is open. Owned and managed by London 1 LLC, the 135room property is located in the nationally registered, historic Palmetto Building. K Partners Hospitality Group LP opened the 85room Hampton Inn & Suites in The 222-room Hotel Minneapolis, a member of the Choose Your Concentration To Begin Energy Efﬁciency Water Conversation Indoor Air Quality Materials Selection Sarasota, Fla. RockBridge Capital announced the closing of a $14.2 million ﬁrst mortgage investment for the development of a Hyatt Place in Sarasota, Fla. The 114-room hotel will be positioned directly across from the main entrance of the Sarasota International Airport and will be in close proximity to Sarasota’s beaches and cultural facilities. The transaction represents the ﬁrst between RockBridge and White’s Lodging. 1-800-283-4000 • www.e-musa.com Go Green. Live Green. Buy Green. CIRCLE NO. 137 ROCKBRIDGE http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.e-musa.com http://www.e-musa.com

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - September 15, 2008

Hotel & Motel Management - September 15, 2008 Contents Microtel, Hawthorn Settle in at Wyndham Is it Black or Red for Green Hotels? New City on the Strip When in Doubt, Purchase some Seashells Legal FAQ Consultant's Corner Sales Clinic On Finance Travel Trends Franchise Law Guest Column Events Cornell Insights HotelWorld Update Trends & Stats Top Hotel Companies Survey Awards Lending Requires Knowledge, Preparation Casegoods Minibars Historian to Keynote Leadership Forum at IH/M&RS Fitness Equipment The Lodging Conference Preview Accent Lighting Awards Vacuums Supplier News Transactions People Ad/Editorial Index Marketplace Classifieds Checking Out

Hotel & Motel Management - September 15, 2008

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