Home2 Suites brings a Modern Extended Stay Option to Belmont, NC

Margie Rainey 

Belmont, NC -- Strand Hospitality Services, a leading regional hotel management company, is proud to announce the opening Home2 Suites by Hilton Charlotte Belmont.

The hotel was developed by Montcross Hawley Ave. LLC, which is made up of local investment partners Warren Norman Company, Belmont Land & Investment Company and Belmont Abbey.

The new hotel features beautifully designed suites with all the comforts of home, including two outdoor patios for guests to relax and unwind. 

Jay Keller

General Manager Margie Rainey and Director of Sales Susan Mosk, along with their team of seasoned hospitality professionals, have been instrumental in the launch of this new hotel.

"Our hard work has come to fruition, and we are excited to provide the Belmont community with new all-suites rooms that are modern, affordable and convenient to travelers looking for short term or extended stays in Belmont," Rainey said.

 It is located in the heart of Belmont near Charlotte Douglas International Airport, Belmont Historic District, multiple parks and state forests.

 "We are thrilled to announce the opening of the Home2 Suites by Hilton Belmont, North Carolina," said Jay Keller, chief operating officer for Strand Hospitality Services.

 "We are honored to once again work with our investment partners, Warren Norman Company, Belmont Land and Belmont Abbey. We look forward to bringing this dynamic hotel concept to the market offering spacious accommodations that are ideal for business or leisure travelers alike."

Home2 Suites by Hilton Charlotte Belmont 
871 Hawley Avenue, Belmont, NC
just off exit 27 on I-85 North in metro Charlotte, NC

 The hotel offers 107 all-suite accommodations featuring fully equipped kitchens and modular furniture allowing guests the flexibility to customize their suite to their style and preference.

 Contacts: 

CHRIS DALY

PRESIDENT

DG Public Relations, LLC

42806 Oatyer Court

Broadlands, Va. 20148

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

 

 Amanda Bryant

 abryant@strandhospitality.com

404-481-0792

 

CIP Real Estate Acquires Multi-Tenant Industrial Park in Hayward, CA for $33 Million

Cabot Business Park, 23575, 23595, 23785 Cabot Boulevard
and 3777 Depot Road in Hayward, CA

 

IRVINE, CA, Jan. 22, 2021– CIP Real Estate LLC has acquired Cabot Business Park, a “best in class” flex/industrial park located in Hayward, California encompassing over 140,000 square feet, for $33.0 million in an off-market transaction with Canyon Partners Real Estate. 

Eric C. Smyth

CIP Real Estate LLC represented itself in the transaction.  The seller, Canyon Partners Real Estate, was represented by Robert Gilley, Kevin Moul and Andy Zighelboim of Colliers International’s San Francisco office.

The property is located at 23575, 23595, 23785 Cabot Boulevard and 3777 Depot Road in Hayward, California.

 The asset is comprised of 50 suites that range from 1,116 to 20,101 square feet. 

 The property was approximately 90% leased at the time of purchase to quality tenants such as SGS North America, Forensic Analytical Sciences, Seika Machinery, and Fastenal Company.

“There is high demand in the multi-tenant industrial market and the acquisition of Cabot Business Park will add strong value to our Bay Area industrial portfolio,” says Eric Smyth, CEO of CIP Real Estate LLC. 

Robert Gilley

 “These types of smaller bay flex/industrial parks rarely come available to purchase, particularly of this quality and location, so we acted quickly to secure the property and close within 30 days on an all-cash basis at year-end.”

Under its previous ownership, a partnership of Canyon Partners Real Estate on behalf of CalPERS, the property underwent renovations such as HVAC improvements, roofing, and other infrastructure enhancements.  

CIP Real Estate LLC plans to invest over $600,000 in immediate capital expenditures to the park, including interior renovations to convert larger units to smaller, more marketable suites.

Kevin Moul 

Situated just north of the I-92 freeway and the San Mateo Bridge, and only 25 minutes from San Francisco, Cabot Business Park provides a high-quality, low-cost alternative for tech and industrial companies in comparison to similar product located in the Peninsula markets.

“Small bay industrial/flex units are in very short supply in the East Bay, particularly at the entrance to the bridge crossings such as the nearby San Mateo Bridge and the 92 Freeway,” Smyth added. 

 “This property is a rare find, strategically located along the stretch of the I-880, the major north-south corridor connecting San Jose to Oakland.”

About CIP Real Estate LLC

CIP Real Estate LLC is a full-service real estate investment company focused on the acquisition, repositioning, re-branding, and management of industrial assets throughout West Coast, Southeast, and Texas markets. 

Andy Zighelboim

 Founded in 1995 and based in Irvine, CA, the company owns and manages approximately 6.7 million square feet of quality properties, with offices in Ontario (CA), Riverside (CA), Hayward (CA), Las Vegas, Charlotte, and Atlanta. www.ciprealestate.com

Contact: 

Jordan Kruk

Kitchen Table Marketing + PR

714.928.5085

 Jordan@kitchentablepr.com

www.kitchentablepr.com