Saturday, December 14, 2013

Comfort Inn Capital Beltway in Beltsville, MD Completes Significant Upgrade

  
Comfort Inn Capital Beltway, 4050 Powder Mill Road,  Beltsville, MD
                       
Joseph Bojanowski
            WASHINGTON, DC—Guests arriving at the 169-room Comfort Inn Capital Beltway will experience a whole new look and lodging experience, following a significant upgrade to the hotel. 

Located at 4050 Powder Mill Road, Beltsville, Md., the hotel completed a total makeover of its lobby and public space and installed Choice’s new Truly Yours® bedding in the hotel’s 169 guest rooms.

“Today’s hotel guest wants contemporary design and furnishings, coupled with extraordinary service and value,” said Joseph Bojanowski, president of PM Hospitality Strategies (PMHS), operators of the hotel.  “We have taken the d├ęcor and service to new levels and are confident that the Comfort Inn Capital Beltway offers the best price value and guest experience in its market. 

The Gardens Ice House, Laurel, MD
“We have overseen more than $50 million of renovations and new construction in the past seven years and are confident that the hotel will quickly see noticeable gains in guest satisfaction and market share,” he added.  “This hotel is in peak physical condition.”

            Just 12 miles from Washington, D.C., the Comfort Inn Capital Beltway is centrally located in Beltsville, Md., directly off of I-95. 

The property is proximate to Gardens Ice House and Fairland Sports and Athletic Complex, as well as the University of Maryland. 

For a complete copy of the company’s news release, please contact:

Chris Daly, Jerry Daly media
(703) 435-6293

Westin Portland Harborview Hotel Opens After $50 Million restoration of Historic Landmark Hotel in Portland, Maine


Westin Portland Harborview Hotel, 157 High Street
Arts District, Portland, ME

Jim Merkel
Portland, ME and Stamford, CC  - - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced the debut of its world-renowned Westin brand in Portland, Maine following the strategic conversion of a landmark property in the heart of the city’s Arts District.

Located at 157 High Street in the heart of Portland’s vibrant art district, the hotel is directly across the street from the Portland Museum of Art.

Owned by Rockbridge and managed by New Castle Hotels & Resorts, The Westin Portland Harborview is the state’s first Westin hotel, featuring 289 guest rooms and suites, two dining outlets, a day spa and all of the brand’s distinctive signature amenities.

Brian Povinelli
Formerly known as the Eastland Hotel, The Westin Portland Harborview completed an 18-month, $50 million restoration and renovation project prior to raising the Westin flag.

“As one of the oldest and most prominent landmarks in Portland, we are excited to revitalize the hotel and reintroduce it as a Westin while maintaining its rich history,” said Jim Merkel, Rockbridge CEO. “The Westin Portland Harborview will be a top lodging destination along the eastern seaboard and will serve as the anchor for downtown Portland’s historic Arts District.”

“We are delighted to expand the Westin brand’s reach to the vibrant city of Portland, the cultural hub of Maine,” said Brian Povinelli, global brand leader for Westin Hotels & Resorts and Le Meridien. 

Gerry Chase
"For nearly a century, the Eastland was a beacon of hospitality in this port city, and we believe it was worth the extra effort that comes with restoration to ensure that The Westin Portland Harborview would remain a distinctive part of Portland's tourism landscape," said Gerry Chase, president and COO of New Castle. 


“With more than eight million annual overnight and day visitors, I am excited to officially welcome the Westin Portland Harborview to our city,” said Portland Mayor Michael Brennan.

"Portland has a great reputation as a hip destination with its own distinct personality," said Bruce Wennerstrom, general manager of The Westin Portland Harborview.

Portland, Maine Mayor Michael Brennan
  "By combining the historical charm of this landmark property with the Westin brand’s emphasis on well-being, we have created a hotel that will resonate with our neighbors, vacationers and the event and meeting planners who are increasingly looking to Portland for their functions and special occasions."


For a complete copy of the company’s news release, please contact:

Lauralee Dobbins/Chris Daly
Daly Gray, Inc.
703-435-6293



Upscale Hilton Meadowlands Hotel Opens in N.J.


The 427-Room Hilton Meadowlands Hotel at Two Meadowlands Plaza, East Rutherford, NJ

  
            WASHINGTON, DC —Following the first phase of a multi-million dollar renovation, the 427-room Hilton Meadowlands Hotel opened at Two Meadowlands Plaza in East Rutherford.  PM Hospitality Strategies, Inc. (PMHS) will operate the former Sheraton branded hotel and oversee the second phase of the renovation.

Joseph Bojanowski
            The hotel is situated across the street from the Meadowlands Complex, including the MetLife Stadium, home of the 2014 Super Bowl.  The Hilton Meadowlands Hotel has special Super Bowl packages posted on its website. 

The property is just minutes away from Manhattan, with easy access via the Secaucus Junction, Frank P. Lautenberg Rail Station.  The hotel offers hourly shuttle service to the rail station, which is a six-minute ride to NY’s Penn Station 34th Street.  The hotel also is proximate (15 minutes) to Newark Liberty International Airport. 

            “We have a strong relationship with all the leading brands and believe this property will be well received as a Hilton, especially with its popular HHonors™ guest loyalty program,” said Joseph Bojanowski, president of PM Hospitality Strategies. 

MetLife Stadium, East Rutherford, NJ
“The hotel lobby and hallways, along with half the guest rooms, were completely refurbished, creating a totally new ambience.  The remaining rooms and meeting space are scheduled to begin renovation later next year.”

For a complete copy of the company’s news release, please contact:

Chris Daly, Jerry Daly media
(703) 435-6293



Maury L. Carter and Associates, Inc. Brokers Sale of 778 Acres to The Villages in Fruitland Park, FL

 
Maury L. Carter and son Daryl M. Carter

Orlando, FL – Daryl M. Carter, President of Maury L. Carter & Associates, Inc. brokered the sale of 778 acres in Fruitland Park, Lake County for $7,570,181 cash.  The property is located on the south side of CR 466A, approximately 1.75 miles west of US Highway 27.

The sellers were Pine Ridge Dairy, Inc. and  Bernice W. Jeffcoat Revocable Living Trust.  The buyer was The Villages of Lake-Sumter, Inc.  The property is contiguous to the current The Villages community and is planned for 2,000 residential units.  The Villages is the top-selling community in the United States.

Maury L. Carter & Associates, Inc. is an Orlando-based full service commercial real estate firm proficient in commercial real estate investments, asset management, brokerage, and development. The firm's officers combine more than 75 years experience in real estate investments and brokerage.


For a complete copy of the company’s news release, please contact:

Maury L. Carter & Associates, Inc.
3333 S. Orange Avenue, Suite 200, Orlando, FL 32806
407-422-3144


Salazar Jackson closes sale of highly sought-after Miami, FL development site to NR MaxMiami LLC

  



Linda Worton Jackson
Miami, FL– Salazar Jackson LLP closed the sale of a real estate development site in the Arts and Theater District of Miami to NR MaxMiami LLC for $7.3 million on December 6.

 NR MaxMiami, led by Nir Shoshani, won the bid at a live bankruptcy auction on October 8 at Salazar Jackson’s Miami law office.

Firm Co-Founder Linda Worton Jackson conducted the auction, as counsel to Maria Yip, the trustee of Prema LLC, the original owner of the property.

 “This deal will be a game-changer for the Arts and Theatre District of Miami,” said Jackson.  “It will change the landscape of the area.” 

 The property, located at 1631 NE Miami Place, situated just west of the Omni near Midtown, consists of a little more than an acre of land.  Shoshani intends to develop a mixed-use residential and retail project on the site.

Nir Shoshani
The original developers envisioned a mixed-use project called Miami Max, which never got off the ground.

 Shoshani, a veteran real estate investor and developer, is partnering with Paul Murphy of Charleville Development Corporation.  Murphy will serve as the project’s general contractor.

 Lenders were trying to foreclose on the property, but Prema filed for Chapter 7 bankruptcy in July to prevent a fire sale. U.S. Bankruptcy Judge A. Jay Cristol approved the sale on October 9, 2013.

Salazar Jackson LLP (http://www.salazarjackson.com) is a Miami-based firm that serves individuals and businesses facing financial crisis, complex commercial litigation or government investigations as well as those seeking to seize financial or business opportunities through startups, mergers, acquisitions and divestitures. 

They represent clients in matters throughout the country.

For a complete copy of the company’s news release, please contact:

Boardroom Communications
Michelle Friedman

Phone: 904-641-3226 

Marcus & Millichap Arranges Sale of CVS Ground Lease in Hawthorne, FL for $940,000

  



James Medefind
 HAWTHORNE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a CVS - Ground Lease, a 12,082-square foot net-leased property located in Hawthorne, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $940,000.

James Medefind, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based in Texas. 

The buyer, a limited liability company from Boca Raton, was procured by Simon Jonna, vice president investments and Brandon Hanna, senior associate, both in the firm’s Detroit office. 

The property is located at 900 U.S. Highway 301 in Hawthorne, Florida.  

Simon Jonna
This offering includes approximately a 1.50 acre outparcel to a SuperValu and Family Dollar anchored shopping center near the intersection of U.S. 301 and State Road 20. 

This CVS location is the “go-to” pharmacy for Hawthorne, with the closest competing pharmacy located 15 miles to the west in the city of Gainesville.

“The lack of inventory and sky high demand from buyers were primary causes that allowed us to obtain such aggressive pricing and quick timelines,” says Medefind.

Brandon Hanna
 “The property sold for full list price and closed less than two weeks from the date we introduced the property to the market.”

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700

RealtyTrac® Reports U.S. Foreclosure Activity Decreases 15 Percent in November Driven by 95-Month Low in Foreclosure Starts




IRVINE, CA— RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, released its U.S. Foreclosure Market Report™ for November, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 113,454 U.S. properties in November, a 15 percent decrease from the previous month and a 37 percent decrease from a year ago.

Daren Blomquist
The report also shows one in every 1,155 U.S. housing units with a foreclosure filing during the month.

The 15 percent monthly decrease in November was the biggest month-over-month decrease since November 2010 when U.S. foreclosure activity plummeted 21 percent in one month following the revelation of the so-called robo-signing scandal in October 2010.

“While some of the decrease in November can be attributed to seasonality, the depth and breadth of the decrease provides strong evidence that we are entering the ninth inning of this foreclosure crisis with the outcome all but guaranteed,” said Daren Blomquist, vice president at RealtyTrac.


Bob Parks Realty
 “While foreclosures will likely continue to stage a weak rally in certain markets next year as the last of the distress left over from the Great Recession is dealt with, it is highly unlikely that there will be a foreclosure comeback that poses any major threat to the solid housing recovery that has now taken hold.”

“The Middle Tennessee housing market continues on a stable path maintaining overall market stability,” said Bob Parks, CEO of Bob Parks Realty, covering the Nashville and middle Tennessee market. 

  “We are enjoying a decline in foreclosure rates in line with the national average, which has allowed for an increase in home values, stabilization of home prices, and positive, consistent housing numbers we haven’t seen in five years.”

Michael Mahon
“The foreclosure trends in the Northern Utah housing market are aligned with, if not a little better, than what we’re experiencing on a national level,” said Steve Roney, CEO of Prudential Utah Real Estate, covering the Salt Lake City and Park City, Utah, markets. 

  “Foreclosures continue to decline and it’s beginning to feel like a ‘normal’ housing market again.”

“Most of the shadow inventory has been worked through in the Ohio housing market, and this inventory is being absorbed quickly,” said Michael Mahon, Executive Vice President/Broker at HER Realtors, covering the Dayton, Columbus and Cincinnati, Ohio markets. 

  “The decreasing amount of time it’s taking for properties to go through the foreclosure process is enabling lenders to keep properties in more stabilized conditions, which attracts higher prices and has assisted in creating moderate increases in appraised home values throughout the state.”

Sheldon Detrick
“Foreclosures continue to steadily decrease every month as the banks are catching up with their ghost and zombie foreclosure properties,” said Sheldon Detrick, CEO of Prudential Detrick/Alliance Realty, covering the Oklahoma City and Tulsa, Okla., markets. 

  “There will always be defaults, but it’s clear that we are working our way back towards a normal housing market.”

For a complete copy of the company’s news release, please contact:

Jennifer von Pohlmann
PR Manager
Office: 949.502.8300 ext 139