Friday, August 31, 2018

Shaner Hotels Announces Opening of 123-Room Fairfield Inn & Suites Harrisburg

Fairfield Inn & Suites Harrisburg, Pennsylvania

Harrisburg, PA Officials of Shaner Hotels, an award winning, international hotel owner, operator and developer, announced the opening of the 123-room Fairfield Inn & Suites Harrisburg.  Owned and operated by Shaner Hotels, the hotel is located on land leased from the Susquehanna Area Regional Airport Authority (SARAA), a joint-municipal authority that operates four regional airports.

Timothy Edwards
                “With the opening of the Fairfield Inn & Suites Harrisburg, arriving and departing Harrisburg International Airport (HIA) travelers now have convenient, brand new accommodations adjacent to the gates,” said Timothy Edwards, HIA executive director. 

 “No longer will visitors have to travel nearly ten miles for a place to stay.  Not only does this make life more convenient for travelers, but it also improves the practicality of the airport itself.”

“Our portfolio now includes four hotels in Central Pa., and we maintain an active pipeline with additional projects in the area, including a project in Mechanicsburg that we plan to break ground on shortly,” added Lance Shaner, chairman and CEO.

Lance Shaner
 “Beyond sharing best practices and economies of scale, the Fairfield Inn & Suites Harrisburg will benefit from its proximity to the airport, literally connected to the airport terminals via walkway, as well as the fact that it is the first Marriott-branded hotel near the airport.”

                Situated just steps from HersheyPark, Hershey’s Chocolate World, the PSU Hershey Medical Center, downtown Harrisburg and Pen State Harrisburg Campus, the four-story hotel is located adjacent to the Harrisburg International Airport (HIA). 

 Hotel amenities include on-site laundry, fitness room, business center and 1,600 square feet of meeting space. 

As with all Fairfield Inn & Suites, guests are invited to enjoy a daily, complimentary breakfast, as well as a lobby lounge and full-service bar that offers a wide array of drinks and small bites food menu. 
“We continue to have an aggressive, yet measured, appetite to grow our international portfolio of select- and full-service hotels located in key markets with strong demand generators and high barriers to entry,” said Plato Ghinos, Shaner president. 

Plato Ghinos
 “The Fairfield Inn & Suites Harrisburg is a prime example of the type of location we seek:  a regional airport that serves nearly 1.2 million people annually with nearby business, leisure and educational outlets.  

"We are confident the hotel quickly will become the market leader for Harrisburg-area visitors.” 

HIA serves central Pennsylvania, making it the state’s third busiest airport.  All major airlines have hub locations at the airport, including non-stop international flights to Toronto, Ontario, Canada. 

Additionally, FedEx and UPS have extensive facilities at the airport, which also serves as a take-off/landing practice runway for Air Force One.


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


Chris Daly, media
(703) 435-6293

Hanley Investment Group Arranges Sale of 127,000-SF Leasehold Shopping Center in Lake Forest, Orange County, CA

Hunter Court, Lake Forest, Orange County, CA

LAKE FOREST, CA - Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, has arranged the sale of the leasehold interest in Hunter Court, a 127,360-square-foot community shopping center anchored by CVS/pharmacy, Ross Dress For Less in Orange County, California.

Jeremy McChesney
The property is located just off Interstate 5 at 23812---24442 Rockfield Boulevard in Lake Forest. The sale price could not be disclosed.

Hanley Investment Group Executive Vice President Jeremy McChesney represented the seller, Bershon Realty Company of Los Angeles. The buyer, Merlone Geier Partners of San Diego, represented itself.

Built in 1969 on 9.27 acres, the 98-percent occupied shopping center is situated at the signalized intersection of El Toro Road and Rockfield Boulevard with an average daily car count estimated at 75,000.

 National credit tenants CVS/pharmacy, Ross Dress For Less, Payless ShoeSource, Jack in the Box, CafĂ© Rio, Sally Beauty Supply, OneMain Financial and HearUSA at Hunter Court account for 66 percent of the total occupied space with an average occupancy of 25 years, according to McChesney.  

The property has excellent exposure and identity along both El Toro Road and Rockfield Boulevard, McChesney noted.

Numerous capital improvements have been made in the recent years. Hunter Court’s parking lot was repaved and striped in 2016. New storefronts and canopies were added in 2015.

McChesney added, “In 2013, Jack in the Box rebuilt its entire restaurant to its latest concept demonstrating a long-term commitment to the site.”

The property also benefits from the dense, affluent demographics. According to McChesney, “The five-mile trade area consists of over 280,000 people with household incomes in excess of $107,000.”

McChesney continues, “The Orange County retail investment market is still very strong. Properties along the coast with good real estate fundamentals and internet-resistant tenants will continue to command the highest prices in the market.”


Anne Monaghan

Procaccianti Hotel REIT, Inc. Acquires Hotel Indigo in Traverse City, MI

Hotel Indigo, 263 West Grandview Parkway, Traverse City, MI

Cranston, RI -- Procaccianti Hotel REIT, Inc., announced  it acquired the Hotel Indigo located at 263 West Grandview Parkway in Traverse City, Michigan on August 15, 2018. The hotel property is managed by TPG Hotels & Resorts, Inc.

Gregory Vickowski
The 107-room, boutique style, select-service hotel opened in May 2016 and overlooks Lake Michigan’s West Grand Traverse Bay. Located in the Downtown Warehouse District, the hotel features include underground valet parking, approximately 3,000 square feet of meeting space, a fitness center, business center, restaurant and a rooftop bar overlooking West Grand Traverse Bay.

“We believe that the Hotel Indigo Traverse City is an exceptional, new vintage property with multiple built-in demand drivers – its rooftop bar, extraordinary design features, and other amenities make this premium-branded, select-service hotel a strong addition to our portfolio,” said Gregory Vickowski, Chief Financial Officer of Procaccianti Hotel REIT, Inc.

Michael Moore
The hotel is expected to continue to benefit from the area’s strong leisure and corporate demand stemming from the major attractions and employers in immediate proximity. 

With a wealth of restaurants and wineries, Traverse City is becoming a popular destination for food and wine enthusiasts.

 The area’s many historic buildings have been renovated and now house modern shops, art galleries, restaurants and craft breweries. 

 Traverse City is also home to several major events, including the National Cherry Festival and Traverse City Film Festival, founded by film director Michael Moore.


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


Ralph Izzi, media
(401) 946-4600

Veteran Real Estate Lender Russ Holland Joins Trez Forman as Managing Director of Atlanta Office

Russ Holland

Palm Beach, FL and Atlanta, GA , Aug. 31, 2018 — Trez Forman Capital Group has hired veteran banker and real estate lender Russ Holland as a Managing Director. 

He will be opening an Atlanta office and be responsible for creating new business relationships for the private commercial real estate lending firm headquartered in Palm Beach, Fla.

 “I have known Russ Holland for many years; he and I did business when he was a banker,” said Brett Forman, president/CEO of Trez Forman.  “I am impressed with his candor, transparency and creativity which are attributes not just important, but critical to our company.

"Combining that, with his deep roots in the Atlanta market and industry, will make him successful in establishing Trez Forman in Atlanta and beyond.”

Brett Forman
“I am excited to be a part of the Trez Forman team as we solidify our commitment to the Atlanta market, expanding our shared commitment to integrity, creativity and reliability,” said Holland. 

”I look forward to introducing the firm to serve the needs of borrowers and brokers with the highest level of respect and transparency.”

Holland has held senior level executive positions at numerous banks in the Southeast U.S. and New York over the past three decades, leading the origination of more than $6 billion in commercial loan transactions. 


Todd Templin,