LODGING Staff - 10 Minutes News for Hoteliers - Page 7

Davenport Hotel Unveils Renovated 284 Guestrooms in Multi-Year Refresh by Design Firm Bishop Pass in Spokane

🏨 Spokane, Washington—In 2024, Davenport Hotel began a multi-year renovation, refreshing 284 guestrooms with designs by Bishop Pass. The renovation highlights Spokane's natural light and lilac city identity. New dining and retail spaces, like the Lobby Bar and Emporium, enhance the experience. Spring 2025 brings updates to the Davenport Tower and The Louie, a 48-key boutique hotel. These projects connect three properties, celebrating heritage and modern travel needs.

CooperWynn Capital Secures $32 Million Financing for Suburban Capital's Extended-Stay Portfolio Expansion in Virginia

💰 CooperWynn Capital secured $32 million financing for Suburban Capital in Park City, Utah, refinancing four WoodSpring Suites properties and acquiring a fifth. This expanded their Virginia portfolio to 610 keys across five locations: Lynchburg, Roanoke, Yorktown, Richmond, and Ashland. The $32 million deal involved a national life insurance lender. The Richmond North property was acquired in Ashland, opened in August 2023. All properties, built in 2022 or later, show a debt yield over 15%.

1 min

Hotel Equities Takes Over Management of the Largest Holiday Inn Express in Americas, Expands Oahu Presence

🏖 Hotel Equities now manages the Holiday Inn Express Waikiki, the largest Holiday Inn Express in the Americas, with 596 guestrooms. Located in Waikiki, Hawaii, three blocks from Waikiki Beach, this 44-story hotel offers panoramic views. Guests enjoy amenities like a Skydeck with mini-golf, an outdoor pool, a fitness center, and pet-friendly accommodations. This acquisition strengthens Hotel Equities' presence on Oahu, leveraging its management portfolio across the Americas.

1 min

Hilton San Diego Bayfront Completes Multimillion-Dollar Renovation, Unveiling 165,000 Sq Ft of Updated Event Spaces

📱 Hilton San Diego Bayfront completed a multimillion-dollar renovation, unveiling 165,000 sq. ft. of refreshed meeting spaces and 17 redesigned suites. The hotel, located along San Diego Bay, aims to meet the needs of modern travelers with updated venues and coastal-inspired designs. Led by Hirsch Bedner Associates, the renovation includes indoor and outdoor spaces, modern furnishings, and upgraded event lighting. The Horizon Experience will soon offer enhanced guest amenities, including premium views and valet parking.

2 min

Olde Naples Hotel Opens with 109 Rooms, Rooftop Pool, and Annie’s Bistro in Naples, Florida

🏨 Olde Naples Hotel, located in Naples, Florida, opened recently near Third Street South, featuring 109 rooms. Designed by Hart Howerton and part of the Opal Collection, the hotel reflects the original 1889 Naples Hotel with modern touches. Amenities include a rooftop pool, spa, fitness center, and Annie's Bistro, Bar & Bakery. Guests enjoy bicycles, beach chairs, umbrellas, and a shuttle service. General Manager Laura Radler emphasizes its connection to the community.

3 min

Hotel Viking in Newport Reopens After Centennial Renovation with New Culinary and Cultural Offerings

🏨 Hotel Viking in Newport, Rhode Island, reopened after a comprehensive renovation in its 100th year. The redesign, led by Beleco, maintains a historic feel with modern updates. Chef Robert Andreozzi and Jesse Hedberg lead new culinary concepts like Pescadou and Cap Club. The hotel features over 13,000 square feet of event space, including Kay Chapel, dating back to 1859, and cultural programming like yoga and film screenings. Spa Fjör offers wellness treatments and an indoor pool.

2 min

Omni Mount Washington Resort & Spa Undergoes Comprehensive Renovation with Completion Expected This Summer

🏖 Renovations at Omni Mount Washington Resort & Spa in Bretton Woods, New Hampshire, are set to finish this summer. All 200 hotel rooms will be updated, blending architectural heritage with modern design. Enhancements include upgraded amenities, antique-inspired furnishings, and expanded spaces. Dining options will feature a reimagined steakhouse and café. Renovated spaces for meetings and events combine classic and modern elements. The spa and fitness center will also be revitalized.

3 min

JLL Arranges $103.5 Million Financing for Hyatt Regency Ontario Repositioning with Tax-Exempt Bonds

💰 JLL Capital Markets arranged $103.5M in tax-exempt bond financing for the Hyatt Regency hotel in Ontario, CA. National CORE, the borrower, acquired the hotel in August 2024. The redevelopment will reduce rooms from 309 to 295, including large suites, restaurants, and facilities, near Ontario International Airport. The hotel's location is within reach of developments totaling over $10B. The hotel's transformation aligns with National CORE's vision, supported by innovative financing strategies involving tax-exempt bonds.

1 min

Prime Investment Properties LLC Sells Salida Inn & Monarch Suites in Colorado, Originally Built in 1960, with 27 Rooms

🏨 Prime Investment Properties LLC successfully sold Salida Inn & Monarch Suites, a 27-room hotel in Salida, Colorado. Originally built in 1960, the 13,500-square-foot property features modern amenities and an ideal location on US Highway 50. Managed by IMPRINT Hospitality, it offers access to outdoor activities near the Arkansas River and Monarch Mountain. The property is known for its investment potential due to its prime location and recent renovations.

3 min

Pennbridge Hospitality Opens Idaho's First Dual-Branded Marriott Hotel with 296 Keys in Downtown Boise

🏨 Pennbridge Hospitality opened Idaho's first dual-branded AC Hotel Boise Downtown and Element by Marriott Boise Downtown, a 296-key property, in downtown Boise. Element offers 121 suites on floors 5–7 for extended stays, while AC Hotels provides 175 rooms on floors 8–15. The property features 12 event spaces, including a 3,010-square-foot ballroom with skyline views. Developed over seven years with multiple partners, it stands where Block 19 was acquired in 2020. Located near Boise's business and entertainment hubs.

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