Tuesday, October 16, 2018

Historic 296-Room Seaview Dolce Hotel in Galloway, NJ Launches $17 Million Renovation

Seaview Hotel and Golf Club, Galloway, NJ

Dr. Kiran Patel

GALLOWAY, NJ (Oct.16, 2018): Seaview, a Dolce Hotel - part of the renowned meetings and events brand Dolce Hotels and Resorts by Wyndham - announced plans for a transformational renovation updating its 296 guest rooms, event spaces and dining outlets with modern design inspired by the hotel’s celebrated Jersey Shore history. 

The renovation comes on the heels of new ownership for the hotel, which was sold in August 2018 to Dr. Kiran Patel, Florida philanthropist and Wyndham partner on landmark hotels including the striking Wyndham Grand Clearwater Beach in Florida and prominent Dolce Cheyenne Mountain Resort in Colorado.

Princess Grace Kelly
The $17 million renovation will include updates to all 296 guestrooms and suites; refreshed meeting spaces, lobby and public areas; renovations to the outdoor pool; and new dining options including a new original restaurant concept within the hotel’s famed Oval Room.

Former President Gen. Dwight D. Eisenhower
To sustain the massive renovation, guest rooms and meeting spaces will be closed to visitors for the winter months, reopening starting in March 2019. The hotel’s golf course remains open.

 “Seaview is a beloved icon of the Jersey Shore community with a rich local history shared by many guests who have spent generations vacationing here – and even team members who spend their entire careers, some of them across several generations of families, working with us at the resort,” said General Manager Bob Nelson.

Bob Dylan
“This transformation is the dawn of a new era for Seaview and will provide our guests a modern east coast destination resort and, true to the Dolce brand, a harbor for inspired meetings and events - all while still embracing the past that shaped our celebrated story.” 

Founded in 1914, the historic Seaview Hotel has hosted famed names such as Presidents Warren G. Harding and Dwight D. Eisenhower, The Rolling Stones, Bob Dylan and Grace Kelly - who in 1946, celebrated her sweet 16 party in the resort’s legendary Oval Room.

The Rolling Stones

This history inspires the hotel’s redesign, which includes a hint of art deco nostalgia – a playful nod to Atlantic City’s heyday – paired with cool, coastal blues and modern, comfortable furnishings.

 The coastal motif carries into the hotel’s 27,000 sq. ft. of event space, which caters to a variety of social events with customizable menus and packages for weddings with both indoor and outdoor ceremony venues, bar and bat mitzvahs, family reunions and fundraisers.

Bob Nelson
 As part of the Dolce brand, Seaview will also offer state-of-the-art meeting facilities across 21 meeting rooms designed specifically to stimulate productivity and creative thinking.


Gabriella Chiera
Wyndham Hotels & Resorts
(973) 753-6590


Shaner Hotels Announces Opening of 98-Room Fairfield Inn & Suites Dayton in Dayton, OH

Fairfield Inn & Suites, 305 East Monument Ave., Dayton, OH

DAYTON, OH Officials of Shaner Hotels, an award winning, international hotel owner, operator and developer, announced the opening of the 98-room Fairfield Inn & Suites Dayton in Ohio.

  Shaner operates and co-owns the select-service hotel in conjunction with Crawford Hoying, a full-service, multi-class real estate company, marking their third joint venture project together with a fourth Ohio hotel in the planning stages. 

Plato Ghinos
 The hotel is the second Fairfield Inn & Suites Shaner has opened in the past two months and the third Marriot-flagged hotel it has opened this year.

                “We continue to seek out joint venture opportunities with high caliber partners such as Crawford Hoying as we aggressively pursue various acquisition, development and third-party management opportunities with well regarded brands in markets with high barriers to new entry and multiple demand generators,” said Plato Ghinos, president, Shaner Hotels.  

 “The Fairfield Inn & Suites Dayton marks our fourth Ohio hotel, which creates certain economies of scale and the ability to share best practices that ultimately result in a better guest experience and more robust bottom lines.”

                Located at 305 East Monument Ave., the six-story high-rise hotel is located between Fifth Third Field, home of the Class A minor league Dayton Dragons, and the beautifully landscaped Riverscape Metro Park, filled with well-manicured gardens, hanging flower pots and reflecting pools. 

Brent Crawford
Additional area attractions include the Dayton Art Institute, the University of Dayton and the Dayton Aviation Heritage National Historical Park, as well as the headquarters of companies including CareSource, Premier Health and Stratacache. 

Hotel guest rooms feature a mini-refrigerator, microwave and smart TVs.  Hotel amenities include a state-of-the-art fitness center, on-site laundry facilities, business center and complimentary WIFI throughout the property. 

 Dining options comprise a daily, complimentary breakfast, lobby bar featuring light fare and The Market, which features snacks, drinks and sundry items. 

                “This is the first new hotel to enter the downtown Dayton market in more than two decades,” said Brent Crawford, president, Crawford Hoying. 

 “Downtown Dayton is undergoing a revitalization process, with a number of new corporate, entertainment and retail entities creating a thriving community for visitors and locals. 

"The new Fairfield Inn & Suites Dayton is helping to transform the previously vacant riverfront area, and other groups are following suit quickly as local excitement and increased tourism are climbing.

"Fairfield Inn & Suites is the ideal brand for business and leisure travelers to the area seeking upper midscale lodging with the high service standards and amenities one can expect from all Marriott hotels.”

Chris Daly, media
 (703) 435-6293

KW Property Management Adds Prestigious Heron Bay Properties to Portfolio


Robert White

CORAL SPRINGS, FL and PARKLAND, FL,  Oct. 16, 2018 – A banner year for leading association management company KW Property Management & Consulting (KWPMC) continued with the company’s newest management assignment: the 3,100-home Heron Bay community in Parkland and Coral Springs.

The desirable Heron Bay is the largest homeowners’ association (HOA) community in KWPMC’s Broward County portfolio.

Developed in 1995, Heron Bay includes a diverse mix of custom homes and townhomes across nearly 40 neighborhoods. 
The community’s expansive collection of amenities includes its signature clubhouse with two spacious pools, state-of-the-art fitness center, indoor recreation facility with a racquetball court, meeting room and ballroom and tennis complex with 10 Hydro-Grid clay courts.

Neil Vogel
KWPMC plans to have more than 30 employees on site to service Heron Bay residents.
“We are thrilled to partner with the Heron Bay Community Association, which has big plans to take an already incredible community to another level,” said KWPMC Managing Director and Co-Founder Robert White
“In a competitive process to secure this assignment, the ability to provide unparalleled resort-style service through our 5-Star/5-Diamond Hospitality Luxury Services division and integrated technology systems and solutions set us apart.”
 The hiring of KWPMC concluded an exhaustive four-month search in which the Heron Bay Community Association hosted numerous presentations, visited communities managed by contending companies and conducted extensive reference checks.
In the end, KWPMC was unanimously selected by the association’s Board of Directors.
“Our vision is to make Heron Bay the premier community in South Florida, and partnering with KWPMC puts us in a position to accomplish that,” said Heron Bay Community Association Board President Neil Vogel.

 “The company’s professionalism, accomplishments and strong industry reputation stood out during  the search provess."

 Eric Kalis


Jasmin Curtiss
Account Executive, BoardroomPR
O 954-370-8999
Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

BLT Enterprises Completes 63,800-SF, $12 Million Industrial Development in San Diego, CA

Rendering of planned 63,800-SF industrial complex in Kearny Mesa submarket of San Diego, CA

SAN DIEGO, CA -- BLT Enterprises, a multi-faceted commercial real estate investment company, has completed ground-up construction of a 63,800 square-foot industrial building in the Kearny Mesa submarket of San Diego, California for $12 million. 

Bernard Huberman
“Kearny Mesa is one of the most dynamic industrial submarkets in San Diego County,” says Bernard Huberman, Founder and President of BLT Enterprises.
 “Businesses continue to migrate to the region in search of strong value alternatives compared to other areas throughout San Diego. This has resulted in extremely high demand for quality industrial properties throughout the submarket and very limited supply.”
In fact, as a result of this influx in demand, the Kearny Mesa Planning Group has implemented a plan to integrate more residential communities and retail centers in the region to create a more live/work/play environment, which will further drive increased demand to Kearny Mesa from both residents and businesses.
 “As owners, we strategically target regions that are poised for long-term stability and growth,” says Huberman. “This new industrial development will allow us to capitalize on this ongoing demand and attract quality tenants.”
Huberman notes the project was designed to accommodate a variety of users and provide maximum flexibility.
“With strong demand from a variety of industries throughout Kearny Mesa, we’ve created a property that can evolve along with tenant needs and also appeal to a diverse range of tenants,” he says.
The new development features an all concrete and steel structure, 30 ft. minimum clear heights, ESFR fire suppression system, and a fully enclosed concrete truck yard.

            “We take a long-term hold approach with all of our projects, focusing on integrating first-in-class amenities and features that will position the asset to perform well over time,” explains Huberman. “Our goal is to create environments where tenants want to lease with us for the long haul.”
The new industrial building is located at 9269 Lightwave Avenue in Kearny Mesa directly across from the YMCA, which features Athletic Facilities, Day Care, and a Pre-School.  The project is stragetically located in close proximity to the I-805, I-15, SR-163 and SR-52.


Lexi Astfalk/Lisa James
Brower Group
(949) 955- 7940

Avanath Acquires Two Affordable Multifamily Properties in Metro Chicago totaling 668 Units for $72.2 Million

Hinsdale Lake Terrace Apartments, Willowbrook, IL

            CHICACO, IL and WILLOWBROOK, IL  — Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has acquired two affordable multifamily properties totaling 668 units in the Chicago metro. 

John R. Williams
The assets were acquired through Avanath’s institutional fund, Avanath Affordable Housing III for a combined total of $72.2 million.

The properties include 582-unit Hinsdale Lake Terrace in Willowbrook and 86-unit Drexel Court in Chicago.  Both are mid-1900’s-era affordable housing properties in economically thriving submarkets, according to John Williams, President and CIO of Avanath Capital Management.

            “The Chicago market is precisely aligned with our investment thesis, through which we preserve affordability in the nation’s most cost burdened regions, while simultaneously driving value for investors,” says Williams. 

“Chicago has emerged as a hub of growth with rapid economic revitalization that is now spilling over into the city’s submarkets and South Side. With this sprawl comes rent increases, which put pressure on the local workforce and community, resulting in a dire need for more affordable housing options.”

Drexel Court Apartments, 6140 S. Drexel Avenue, Chicago, IL

            By acquiring these two properties, Avanath is addressing this need while also amassing economies of scale to drive down operating costs for investors.

            “This acquisition increases our footprint in the region, bringing our portfolio in the Chicago metro to more than 840 units,” Williams says. “Drawing upon our national property management platform, we will be able to increase operational efficiencies and deliver a high quality of life to our residents throughout the region.”

            Avanath Capital Management acquired Hinsdale Lake Terrace, a 582-unit, family affordable apartment community at 16 West 150 Honeysuckle Rose Lane in Willowbrook, Illinois for $63 million.

            Avanath Capital Management also acquired Drexel Court Apartments, a six-story, 86-unit affordable housing community at 6140 S. Drexel Avenue in Chicago, Illinois. for $9.15 million.


Lexi Astfalk / Lisa James
(949) 955-7940