Tuesday, January 31, 2017

Hospitality Asset Managers Association (“HAMA”) Appoints New Board of Directors for 2017

Melissa Silvers

                 ATLANTA, GA, Jan. 31, 2017—Officials of the Hospitality Asset Managers Association (“HAMA”) today announced that they have appointed a new board of directors for 2017.

The new members include:

SCS Advisors’ Melissa Silvers, CHAM (Certified Hotel Asset Manager), as president
CHMWarnick’s Maxine Taylor as vice president
Fulcrum Hospitality’s Larry Kaminsky as secretary
Host Hotels & Resorts’ Christopher Ostapovicz as treasurer
Pinnacle Advisory Group’s Matthew Arrants as marketing chair
hotelAVE’s Kim Gauthier, CHAM, as head of the education chair

CHMWarnick’s Larry Trabulsi as head of the international chair
Three Wall Capital’s Tim Dick as industry chair
Noble Investment Group’s Steven Nicholas as an at-large board member
Xenia Hotels & Resorts, Inc.’s Joseph Bello, CHAM, as an at-large board member
KSL Capital Partners’ Greg Kennealey as an at-large board member

Maxine Taylor

“The new board of directors is made up of prestigious industry figures, bringing nearly 170 years of hospitality asset management experience and diverse experiences from various industry divisions,” said Silvers.

“As we enter the peak phase of this hotel business cycle, the need for asset management becomes increasingly important for owners looking to maximize their investments. 

“With this in mind, we look forward to introducing and inducting more participants into the Certified Hotel Asset Manager (CHAM) program, the world’s only advanced certification available to accomplished hotel asset management professionals.”

“In addition to being our 25th anniversary as an organization, 2017 will see a number of new and innovative programs and opportunities for our membership,” said Taylor. 

“We recently launched a brand new, dynamic website, with the goal of becoming the most trusted online resource for asset management in the world.

Kim Gauthier

“ Additionally, as we work together to represent the interests of hotel owners with management companies and the government, HAMA has a number of planned initiatives, including partnering again with the International Society of Hospitality Consultants (ISHC) to publish the 5th version of ‘A Study in Capital Expenditures in the Hotel Industry,’ the preeminent publication on the topic.

“We also intend to greatly increase the organization’s presence at major industry events and conferences, making for a very full year, indeed.” 

New HAMA president Melissa Slivers brings 25 years of hotel experience, 16 in hotel asset management specifically, to the group, serving as principal at SCS Advisors’ and previously working at such prestigious companies as Marriott International as director of finance and assistant controller and analyst at Interstate Hotels & Resorts. She is certified in hospitality asset management and previously served as HAMA’s education chair. Slivers received a Bachelor of Science in business at Pepperdine University.

Larry Kaminsky

Newly appointed senior vice president of asset management at CHMWarnick, Maxine Taylor also served as executive vice president of asset management at Chartres Lodging Group and vice president of asset management at Capital Hotel Management. Prior to that, Taylor also worked with Horwath Landauer Hospitality Consulting, The Ritz-Carlton hotels in Fla. and Ga. and served as a professor of hospitality management at Edison Community College.

 She formerly served as HAMA international chair and continues to be affiliated with other industry organizations such as the Starwood Owners Advisory Council, the Association of Sheraton Franchisees of North America (ASFONA) and the Consumer Innovation Forum (CIF). Taylor received her master’s in Hospitality Management from Florida International University in Miami and is a Certified Hotel Administrator (CHA).

HAMA members are involved in asset management, acquisition, financing and disposition of hotels and resorts and are directly responsible for making decisions concerning capital investments, renovations, asset repositioning, operational policies and management selection.  Its U.S. members represent more than 3,500 hotels and resorts across every major brand, accounting for 775,000 hotel rooms, 250,000 employees, $40 billion in annual revenue and $3 billion in capital expenditures.

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

620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289

The Castell Project Forms to Assist Advancement of Women Professionals in the Hospitality Industry

Peggy Berg

ATLANTA, GA ---Officials announced the formation of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry.

 The group will host its first Castell Leadership Program in the second quarter of 2017.  The two-pronged program delivers essential advancement tools tailored for women and implements a custom career development program to move attendees up the leadership ranks.

“Have you noticed how few women there are in the upper ranks of the hospitality industry, and how many terrific women work in the industry?” asked Peggy Berg, Castell director.

 “We recently spent a weekend working out how to set these women up for success, and as we talked, it became obvious that the time is right for this.  

"The industry has a large pool of talented women poised to move up and committed industry executives – both men and women - who want more women in leadership.

"Tools to accelerate women’s careers are available and vetted in other industries, and we are adapting them to hospitality.

“Think about it, 65 percent of college hospitality programs are women, but only seven percent of speakers at top hospitality industry conferences are women. This is an imbalance,” Berg added. “Our immediate goal is to provide information, skills and networks to help women move up. The industry’s public face has to change if we want millennials to choose this industry as employees or as customers.”

McKinsey Global Institute (2015) and Reuters (2014) report stronger performance in companies with women in leadership positions. Organizations, including the American Bar Association, American Management Association, Intel, Kellogg, Yale and Stanford, use dedicated programs to develop women executives for a wide range of industries.

However, most hotel companies lack the resources to offer leadership development of this caliber internally. The Castell Project’s goal is to provide the solution.

                The inaugural Castell Leadership Program workshop is May 1-3, 2017.  The one-year sequence includes an individual career plan, Checkpoint 360 assessment, workshop, executive coaching, Five-WILL (Women in Lodging Leadership Network) cohort sessions and membership in WILL.

                “Castell Project actively conducts research to track progress in the industry and continually improve our programs,” Berg noted.  “We are proud to have Georgia State University as our academic partner. We currently are fielding a survey online at http://bit.ly/2eWN2i9 to get a better feel for women’s perceptions of career advancement in hospitality.  We encourage everyone to participate.”

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

620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-864-5553

BKM Capital Partners Sells First Three Multi-Tenant Light Industrial Business Parks in its Debut Fund

Brian Malliet
           LAS VEGAS, NV – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, has sold the first three multi-tenant industrial business parks in its debut fund.

 The three dispositions include a 223,009 square-foot multi-tenant industrial building, and a 137,603 square-foot industrial complex in Las Vegas, Nevada, and a 98,516 square-foot business park in Portland, Oregon.

“Creating value in distressed assets is our specialty,” says Brian Malliet, CEO and Co-Founder of BKM Capital Partners. “We acquire light industrial properties that require hands-on management and then implement our proven operational platform to create value, which is exactly what we did here.”

Patrick Commerce Center, Las Vegas, NV
BKM repositioned and leased up all three of the assets, ultimately achieving an IRR of 38.5 percent and 2.1 multiple at the Patrick Commerce Center property, an IRR of 38.5 percent and 2.4 multiple at the Portland property Hayden Island Business Park, and an IRR of 43.3 percent and a 2.3 multiple at Wind River, all within a two-year period.

 “These results demonstrate the strength of our investment thesis,” says Malliet, who explains that BKM has maintained a niche focus on value-add multi-tenant industrial assets since its inception. 

“Because we understand this property type inside and out, we are consistently able to acquire these properties at a significant discount to replacement cost, providing our team with an opportunity to improve the performance of the asset and generate a return for our investors.”

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

Lauren Burgos
Junior Account Executive
Brower, Miller & Cole
895 Dove Street, Third Floor
Newport Beach, CA 92660
p: (949) 955-7940

Marshall Hotels & Resorts Adds New Build Hotel Projects, One Spa and Two Additional Management Contracts During Second Half 2016

Mike Marshall
SALISBURY, MD —Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, announced the company has enjoyed a record 2016, signing six new build hotels and a stand-alone spa to its construction pipeline, as well as adding two new management contracts, in the second half of the year alone.

The hotels are scheduled to come on-line following construction completion, bringing the company’s portfolio to 60 hotel contracts year-to-date.

“With eight properties in the pipeline and 14 new third-party hotel management agreements signed in the first half of 2016, combined with these additional eight hotels and a spa, we will post a record growth year,” said Mike Marshall, president and CEO.

“Our full suite of proven hotel management services, including staff training, construction oversight and pre-opening through long-term planning and asset sale, provides owners with the confidence that all phases of the hotel’s lifecycle are covered.”

“Although the industry as a whole has rebounded nicely over the last few years, a substantial number of hotels, whether performance- or market-related, have not fully optimized revenue and profit opportunities,” Marshall added. “As industry growth moderates, these owners seek stronger management companies with proven track records, providing companies like ours with exceptional growth opportunities during this phase of the hotel industry cycle.”

The properties added to the company’s pipeline and that currently are under construction include:

·     96-room Bernic Boutique Hotel in Manhattan, N.Y.
·     75-room Microtel Inn & Suites in Long Island City, N.Y.
·     87-room Ascend Hotel Brooklyn, N.Y.
·     57-room Best Western Brewster, N.Y.
·     40-room Curio by Hilton West Chester, Pa.
·     Spa Castle Premier 57 in Manhattan, N.Y.

Additionally, Marshall added the following contracts to its portfolio of third-party managed hotels.

·     163-room Heritage Hotel & Conference Center in Southbury, Conn.
·     150-room Hampton Inn and Suites in Yonkers, N.Y.

Hampton Inn and Suites, Yonkers, NY

“We have helped develop more than 25 properties over the last decade,” Marshall noted.  “These properties are located in the Northeast Corridor, one of the most challenging construction regions in the country.  

"We have a strong track record of completion on budget and look forward to completing these projects in 2017 and ramping up quickly.  

"We also have been involved in spa operations and development for more than 10 years and see continued growth opportunities in this sector.”

The company also has signed additional management agreements currently in the early development stage, which are expected to get underway in 2017 or 2018.

Marshall also noted that two properties the company recently opened, the Hampton Inn & Suites Ephrata and the Hampton Inn & Suites Mt. Joy, both in Pa., recently sold, resulting in handsome returns for ownership. 

“We believe strong sale prices in a tightening marketplace where buyers and sellers don’t always see eye-to-eye is a testament to our ability to quickly get a hotel up and operating efficiently and profitably.  When the time is right for owners to sell, we are the first ones to advise them to do so,” he said.

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

620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289

Peachtree Hotel Group (PHG) Adds Approximately $154 Million in Acquisitions and Development Agreements In 2016 Second Half

Brian Waldman

ATLANTA, GA —Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, announced it made five hotel acquisitions and undertook five development projects totaling approximately $155 million during the second half of 2016, increasing to its growing portfolio of select- and limited-service hotels nationwide by approximately 1,250 rooms.

“While most indicators suggest we are near the peak of the current hospitality cycle, we firmly believe there remain a number of prudent and profitable investment opportunities that provide compelling value,” said Brian Waldman, senior vice president of investments.

 “As evidenced by our recent acquisitions, Peachtree will continue to focus on value-add hotel investment opportunities in secondary and tertiary markets with high barriers to entry and diverse demand generators.”

“National average daily room rate (ADR) and occupancy are predicted to continue growing, albeit at slower rates than over the past few years,” Waldman continued.  “Those national averages, however, can be misleading, as each submarket and segment experiences its own path.  We are confident that the markets we pursue are better insulated than most, with higher than average growth potential.”

Since June 2016, PHG made the following acquisitions.

·     The 108-room Hampton Inn & Suites Sarasota/Bradenton-Airport, Fla.
·     The 136-room Aloft Jacksonville Airport, Fla.
·     The 205-room Hilton Birmingham Perimeter Park, Ala.
·     The 120-room SpringHill Suites Birmingham Colonnade, Ala.
·     The 150-room Hyatt Place Atlanta/Perimeter Center

The company invested approximately $73 million in the new acquisitions, including an additional $15 million that will be deployed to upgrade the hotels. The new acquisitions bring the portfolio to a total of 32 hotels year-to-date, encompassing 3,691 rooms. 

Jatin Desai
In addition to the acquisitions, Peachtree also has executed on five new development deals totaling approximately $82 million:

·     The 98-room Hilton Garden Inn Jackson, Tenn.
·     The 106-suite Home2 Suites by Hilton San Antonio Stone Oak
·     The 140-room Hotel Indigo Celebration Pointe in Gainesville, Fla.
·     The 100-room Courtyard by Marriott Kennesaw, Ga.
·     The 90-suite Home2 Suites Prattville, Ala.

The company also divested four hotels totaling 519 rooms.

“We constantly review our portfolio and will regularly sell off assets at the appropriate time to continue our growth strategy and ensure we have the best mix of the right brands in the markets we find favorable,” said Jatin Desai, chief investment officer. 

“Those properties performed admirably, and we expect them to continue to generate good returns for the new owners.  We intend to take the profits from these dispositions and reinvest them in acquisitions, renovations and expanding our portfolio.”

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

620 Herndon Parkway, Suite 115 | Herndon, VA 20170
Main: 703-435-6293
Mobile: 703-300-8289

Monday, January 30, 2017

Hanley Investment Group Completes Sale of Single-Tenant Just Brakes Store and Sets New National Record Cap Rate

Just Brakes Store, Dallas, TX

Eric Wohl
CORONA DEL MAR, CA – Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of a single-tenant Just Brakes store in Dallas, Texas.

Executive Vice President Eric Wohl, along with Hanley Investment Group’s Associates Austin Blodgett and Andrew Cunningham, set a new national record cap rate representing both the buyer, a private investor based in Austin, Texas, and the seller, a private development firm based in Chicago, Illinois, in the sale of a single-tenant Just Brakes store located at 6530 North Central Expressway in Dallas.

 The 3,377-square-foot store, built in 1964 and remodeled in 2014, is situated on .21 acres, near Southern Methodist University.

According to Wohl, the property had an eight-year absolute NNN lease with a corporate guarantee and strong increases every five years. “The property benefits from close proximity to Southern Methodist University with 11,500 students and the George Bush Presidential Library with 340,000 annual visitors.”

Wohl continues, “The property also features excellent pylon visibility from 320,000 cars per day on I-75 freeway and 18,000 cars per day at the intersection of North Central Expressway and University Boulevard.

“The property also benefits from population in excess of 388,000 people in the five-mile trade area and average household income of more than $104,000 within a one-mile radius. “This sale highlights the strong appetite investors have for quality net-lease properties in primary US markets,” said Wohl.

Austin Blodgett
Just Brakes was recently acquired by Pep Boys, the Philadelphia-based auto parts and repair company led by investor Carl Icahn. The acquisition increases the Pep Boys store count to over 900 locations.

 Prior to the acquisition, Just Brakes was the largest privately-owned brake specialty repair company in North America with 134 location in 14 major markets, Wohl reports. 

In a statement published by Pep Boys, Just Brakes locations will be converted into Pep Boys Service & Tire Centers, offering a full range of services, such as oil changes, tire installations, brake repair and suspension work.

 Hanley Investment Group Real Estate Advisors is a retail investment advisory firm with a $5 billion transaction track record nationwide, who works closely with individual investors, lending institutions, developers, and institutional property owners in every facet of the transaction to ensure that the highest value is achieved. For more information, visit www.hanleyinvestment.com.

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

Anne Monaghan

Dave Kreske Joins Meridian as Vice President of Construction

David Kreske
SAN RAMON, CA -- Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities, expands its construction division with the addition of David Kreske, a well-respected construction professional with a successful track record of over 25 years in construction management.

In his new role as Vice President of Construction, Kreske will lead the construction project management team as the team drives the pre-development and construction phases of Meridian’s new ground-up development and value-add redevelopment general and medical office projects in the western U.S.

“We are very excited to have Dave Kreske join Meridian,” said Meridian Senior Vice President Mike Conn

“Kreske’s wealth of experience and industry knowledge has already made him a key addition to the team. I am confident that Kreske will play a significant role in providing and implementing high-quality solutions for our clients, keeping with Meridian’s commitment to excellence.”

Most recently, Kreske served as Vice President - Construction Services Manager for the Commercial Real Estate Lending group at Bank of the West, one of the largest construction lenders in the western U.S. He provided expert construction due diligence for all construction loans and also managed the Construction Loan Draw Disbursement team for the bank. With an average of 150 active construction loans, Kreske managed the construction risk for a very large portfolio during his 10 years at the bank.

Mike Conn

Prior to his tenure at the Bank of the West, Kreske was a Project Manager with J.R. Roberts Corp.(now known as Deacon Corp.)  He was involved in several types of projects during his time at J.R. Roberts, where he was an Estimator, Project Engineer and the Project Manager.

Those projects included: The Metro-Rail Maintenance yard in Los Angeles; The Technology Center at Orange Coast College in Costa Mesa, Calif.; The Midtown Plaza Podium Condominiums in San Jose, Calif.; University of California, Berkeley Student Housing; and Livermore Valley Plaza Mixed-Use in Livermore, Calif. J.R. Roberts Corp. was ranked among ENR’s 400 Top General Contractors in the U.S.

“My goal is to lead and support Meridian’s construction project management team to successfully provide pre-construction due diligence through project delivery on time and within budget,” said Kreske. “I hope to add value to every project utilizing my extensive due diligence, construction financing and construction management experience. I am very excited to be part of the Meridian team!”

 Kreske is a certified LEED Green Associate by the U.S. Green Building Council. He has also participated in the Construction Lenders Risk Management (CLRM) Forum as a panelist the past three years. Kreske holds a Bachelor of Science degree in Construction Management from California State University, Fresno. Kreske will be based out of the firm’s San Ramon, Calif., office.

Meridian currently has more than 300,000 square feet currently in development and redevelopment and another 200,000 square feet in the pipeline in both northern and southern California. The company will continue to aggressively pursue value-add general and medical office opportunities throughout California.

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

Anne Monaghan

Core5 Industrial Partners and Helms Development Acquires 60-Acres in South Florida to Develop 750,000 SF of Class A Office/Warehouse

Scott Helms
ATLANTA, GA, Jan. 30, 2017 – Atlanta-based Core5 Industrial Partners and Florida-based Helms Development today announced the acquisition of a 60-acre land parcel from the City of Pembroke Pines located at 20421 Sheridan Street, Pembroke Pines, Florida.

The site is one of the last remaining in Southwest Broward to offer build-to-suit options for larger users and offers a distinctive advantage with trailer parking – an option no other property in land-constrained Broward County can offer.

The joint venture plans to repurpose the property into a distribution park named South Florida Distribution Center, developing 750,000 square feet of Class A office/warehouse space across three buildings. 

Beginning in April 2017, construction will commence on the first phase of the project: the development of a speculative 223,008-square-foot Class A building.

“The property is sited perfectly to benefit tenants that want to service both the east and west coast of southern Florida. It is within 75 minutes of Naples/Ft. Myers and still less than an hour from 85 percent of the tri-county’s population,” states Scott Helms, Principal of Helms Development.

Larry Genet

“Suburb interstate access, coupled with the trailer parking advantage, offers an unheard-of advantage for e-commerce and office warehouse distribution companies needing to serve the population in South Florida as well as points north of the site.”

This acquisition marks Core5’s entry into Florida and will be the first development for the newly-formed Helms Development, of which Mr. Helms will handle development of the property on the site of the former State Women’s Prison.

CBRE’s team of Larry Dinner, Larry Genet, and Tom O’Loughlin will handle leasing. Core5 CEO Tim Gunter announces, “We are pleased to enter South Florida with this property and to partner with Helms Development. We think it’s one of the finest properties in the market.”

Located less than one-half mile from State Route 27 and just under four miles to I-75, the site can service over 5 million people within a one hour’s drive time.

Tom O’Loughlin, senior vice president with CBRE, adds, “As congestion continues to grow on the eastern side of the tri-county marketplace, tenants are starting to look west to take advantage of highway infrastructure and the ability to expand their operations. US 27 is becoming a more popular shipping corridor as tenant’s study how to get into central Florida quicker. South Florida Distribution Center is well positioned to take advantage of this trend.”

The city of Pembroke Pines purchased the property from the state of Florida in 2014. “We spent over two years annexing and entitling the property,” Pembroke Pines City Manager Charles F. Dodge added. “We look forward to the business opportunities the South Florida Distribution Center brings to the community.”

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

Scott Helms
Helms Development

Sunday, January 29, 2017

44 Iconic Hotels Inducted into Historic Hotels Worldwide in 2016

San Clemente Palace Kempinski Hotel, Venice, Italy

WASHINGTON, DC – Historic Hotels Worldwide® has added more than 44 historic hotels in 2016. Hotels approved for induction into the prestigious Historic Hotels Worldwide registry range from over 886 years old to 75 years old.

The 44 iconic hotels represent more than 11 brands, chains, and collections and include historic hotels from 11 countries, including 19 historic hotels in Mexico.

The oldest historic hotel inducted in 2016 is San Clemente Palace Kempinski, in Venice Italy, built in a former monastery including the sacristy of San Clemente Church, one of the oldest places of worship in Venice dating back to 1131.

Hacienda Labor de Rivera (1560) Guadalajara, México (AR)

Historic Hotels of Worldwide is an official program of the National Trust for Historic Preservation (United States of America) for recognizing and celebrating the finest Historic Hotels around the globe.

Historic Hotels Worldwide promotes heritage and cultural travel by featuring a prestigious collection of historic treasures including historic hotels and other historic lodging spanning more than 10 centuries across the globe.

 Twenty-five of the historic hotels are adaptive reuse (AR) historic hotels that have involved converting some or all of a historic building to a hotel. Originally, these buildings were built for another purpose in their history.  Many are operating in former castles, chateaus, palaces, academies, haciendas, villas, and monasteries.

Tivoli Palacio de Seteais (1783) Sintra, Portugal (AR)

Below is the complete list of Historic Hotels Worldwide hotels inducted in 2016:

San Clemente Palace Kempinski (1131) Venice, Italy (AR)
Hacienda Labor de Rivera (1560) Guadalajara, México (AR)
Hotel de Mendoza (1588) Guadalajara, Mexico (AR)
La Misión de Fray Diego (1596) Yucatán, México (AR)
Hacienda Temozon, A Luxury Collection Hotel (1655) Yucatán, México (AR)
Hotel Hacienda Mérida (18th Century) Yucatán, México (AR)
Hacienda el Carmen Hotel & Spa (1722) Guadalajara, México (AR)
Hacienda La Magdalena (1735) Zapopan, México (AR)
Tivoli Palacio de Seteais (1783) Sintra, Portugal (AR)
Hacienda San José, A Luxury Collection Hotel (1800) Yucatán, México (AR)

Hotel Vier Jahreszeiten Kempinski Munich (1858) Munich, Germany

Hotel Vier Jahreszeiten Kempinski Munich (1858) Munich, Germany
Kempinski Grand Hotel des Bains St. Moritz (1864) St. Moritz, Switzerland
Palais Hansen Kempinski Vienna (1873) Vienna, Austria (AR)
Hotel Villa Cipriani (1889) Asolo, Italy (AR)
Hotel Gran Casa Xalisco (1895) Guadalajara, México (AR)
Hacienda Santa Rosa, A Luxury Collection Hotel (1897) Yucatán, México (AR)
Kempinski Hotel Cathedral Square (1900) Vilnius, Lithuania
Hotel San Francisco Plaza (1905) Guadalajara, México (AR)
Hotel Moskva (1906) Belgrade, Serbia
Kempinski Palace Portoroz (1908) Isteria, Portoroz, Slovenia

Kempinski Palace Portoroz (1908) Isteria, Portoroz, Slovenia

Hacienda Lomajim (1920s) Guadalajara, México (AR)
Hotel Morales (1930) Guadalajara, Mexico
Villa Ganz Boutique Hotel (1930) Guadalajara, México (AR)
NH Collection Guadalajara Centro Historico (1948) Guadalajara, Mexico (AR)
Casa Madonna La Providence (1949) Guadalajara, Mexico (AR)
Hotel San Pietro (1955) Tlaquepaque, México (AR)

From the United States, the following Historic Hotels of America® hotels have also been inducted in 2016 into Historic Hotels Worldwide:

AKA Times Square (1893) New York, New York
Ames Boston Hotel, Curio Collection by Hilton (1899) Boston, Massachusetts (AR)
White Stallion Ranch (1900) Tucson, Arizona
The Redbury New York (1903) New York, New York
XV Beacon (1903) Boston, Massachusetts
AKA Wall Street (1907) New York, New York (AR)
AKA Rittenhouse Square  (1912) Philadelphia, Pennsylvania (AR)
Claremont Club & Spa, A Fairmont Hotel (1915) Berkeley, California
Marriott Syracuse Downtown (1924) Syracuse, New York
The Scarlet Huntington  (1924) San Francisco, California

Lawrence Horwitz

dusitD2 hotel constance pasadena (1926) Pasadena, California
La Valencia Hotel (1926) La Jolla, California
The Hollywood Roosevelt (1927) Los Angeles, California
NOPSI New Orleans, a Salamander Hotel (1927) New Orleans, Louisiana (AR)
The Renwick Hotel New York City, Curio Collection by Hilton (1928) New York, New York (AR)

AKA Sutton Place (1929) New York, New York
Hotel Phillips Kansas City, Curio Collection by Hilton (1931) Kansas City, Missouri
The Raleigh Miami Beach (1940) Miami Beach, Florida

“Imagine discovering, experiencing and exploring a hotel in a former castle, chateau, palace, academy, hacienda, luxury villa, or monastery,” said Lawrence Horwitz, Executive Director, Historic Hotels of America and Historic Hotels Worldwide.

 “These 44 historic hotels represent some of the finest historic hotels globally and demonstrate the tremendous stewardship by their owners, leadership, and employees in preserving these wonderful historic treasures. Many are tremendous architectural and heritage landmarks.  Each is ideal for a romantic special occasion.  Every day is Valentine’s Day at these iconic historic hotels.”

Do you know of a hotel that represents the essence of Historic Hotels Worldwide and would be a great addition to this iconic collection? Submit your nomination form here. For getaways around the world, travelers may search and book hotels by destination, experiences, and special offers on HistoricHotelsWorldwide.com.

About Historic Hotels Worldwide®

Washington DC based Historic Hotels Worldwide® is a prestigious collection of historic treasures, including historic  hotels, castles, chateaus, palaces, academies, haciendas, villas, monasteries, and other historic lodging spanning more than ten centuries.

The Raleigh, Collins Avenue, Miami Beach, FL

Historic Hotels Worldwide recognizes authentic cultural treasures that demonstrate exemplary historic preservation and their inspired architecture, cultural traditions, and authentic cuisine. Historic Hotels Worldwide along with Historic Hotels of America are official programs of the National Trust for Historic Preservation (United States of America).

HistoricHotelsWorldwide.com allows travelers to book their next getaway from more than 3,000 historic and cultural experiences, and view special offers at participating historic hotels from 30 countries.

 To be nominated and selected to be featured on this supplemental marketing program website, historical lodging properties must be at least 75 years old; utilize historic accommodations; serve as the former home or be located on the grounds of the former home of famous persons or significant location for an event in history; be located in or within walking distance to a historic district, historically significant landmark, place of historic event, or a historic city center; be recognized by a local preservation organization or national trust; and display historic memorabilia, artwork, photography, and other examples of its historic significance.

To be selected in the United States for inclusion in Historic Hotels Worldwide, a hotel must meet the above criteria plus be a member of Historic Hotels of America.  For more information, please visit HistoricHotelsWorldwide.com.   Click here to see a video on how to leverage your historic hotel.

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

Heather Taylor
Manager, Marketing Communications
Historic Hotels Worldwide
Tel: +1 202 772 8333 | Fax: +1 202 772 8338

Saturday, January 28, 2017

Marcus & Millichap Arranges the Sale of AA Accredited Storage in Clearwater, FL


Brian Baldwin
 CLEARWATER, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of AA Accredited Storage, a 358-unit self-storage facility located in Clearwater, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.

Brian Baldwin, investment associate, Luke Elliott, vice president investments, and Michael A. Mele, senior managing director investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller. The buyer was secured and represented by Anne Williams, vice president investments in the firm’s Memphis office. 

“The buyer selected was new to self-storage investments and was sourced through the marketing platform unique to Marcus & Millichap with multiple offers in the first three days,” says Baldwin.

AA Accredited Storage consists of 358 total units, comprised of 187 climate controlled units, 56 covered shed spaces, 26 full closet units, 22 half closet units and one open bay space across 16,419 rentable square feet.

The facility caters to the local demand for boat and RV storage with 56 covered shed spaces for 25,480 rentable square feet, in addition to 66 open yard spaces. Located at 14433 62nd Street North in Clearwater, Florida, the facility is one-half mile northwest of U.S. Route 19 and 0.7 miles north of Ulmerton Road.
For a complete copy of the company’s news release, please contact:

Ari Ravi
Regional Manager
 Tampa, FL

(813) 387-4700

New Owners Unveil Revitalization Plan for East Hills Mall in Bakersfield, CA

Duane Keathley
BAKERSFIELD, CA. – Local developers C & C Properties, Inc. and MarkChris Investments announced their plans for the revitalization of East Hills Mall in Bakersfield, Calif.

The vision is to transform the enclosed mall into an exciting, destination open-air lifestyle center offering a collection of restaurants, shopping and entertainment in 350,000 square feet.

A new, state-of-the-art, movie theater complex will serve as the centerpiece of the new development. The redevelopment project is expected to break ground late in the second quarter or early third quarter of this year, and be completed in the third quarter of 2018.

The redesign features a large outdoor plaza, water fountain, seating and landscaping in front of the theater complex and the adjacent buildings. On either side of the theater are a variety of major retailers, boutique shops, quick-serve restaurants, a coffee house and sit-down restaurants.

In addition to the main building area, the new owners plan to add several buildings along Mall View Road for shops, restaurants and services. The proposed design includes an activated and welcoming streetscape and approachable storefronts that connect with pedestrians and provide plenty of opportunities to sit and socialize.

“We are looking forward to providing Bakersfield and especially northeast Bakersfield, an exciting, first-class shopping and entertainment experience,” said Craig Carver. “Our design inspiration is a blend of mid-century modern and contemporary-style architecture so it will uniquely stand out in the market.”

Vincent Roche
Carver said that they have received a lot of interest in the location and are currently in lease negotiations with several national and regional retailers and restaurants as well as a national theater chain.

The new owners completed their purchase of the 414,000-square-foot regional shopping center on December 23, 2016.

 Duane Keathley, Vince Roche and Josh Sherley of Cushman & Wakefield | Pacific Commercial Realty Advisors represented the buyer and seller in the sale. The seller was Retail Equities, LLC of Modesto, Calif. and El Corte Ingles of Spain, Madrid. Keathley, Roche and Sherley have been retained to lease the new shopping center.

“We are excited that local developers recognize the potential of the retail demand in northeast Bakersfield and will execute on a vision to bring a vibrant retail and entertainment center to an underserved retail submarket of Bakersfield,” said Vincent Roche, Senior Director/Principal, Cushman & Wakefield/Pacific Commercial Realty Advisors.

“National retailers look for the strong demographics and high traffic counts that this location offers,” added Roche.

Josh Sherley
Built in 1988 on 36.4 acres, East Hills Mall is located on Mall View Road, between Mt. Vernon Avenue and Oswell Street with excellent visibility and access to Highway 178. According to Roche and Keathley, there are 250,000 people in the project’s primary trade area and approximately 500,000 people in a 10-mile radius. 

There are more than 93,000 cars per day along highway 187 at Mt. Vernon Avenue and 70,500 cars along the highway at Oswell Street.

“This redevelopment has been a long time coming,” said Duane Keathley, Senior Director/Principal Cushman & Wakefield/Pacific Commercial Realty Advisors. “It’s great news for the people of east Bakersfield and for the City of Bakersfield in general. It will be an impressive retail and entertainment center.” 

C & C Properties and MarkChris Investments have completed numerous residential, industrial, commercial and retail development projects in the City of Bakersfield over the last 25 years.

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

Anne Monaghan                                      
Monaghan Communications