HEI Hotels & Resorts Names Catlin Ptak General Manager and Mina Gagraj Director of Sales of the Under-Construction Hyatt Place Albany Hotel Expected to Open Aug. 31, 2023

 

Mina Gagraj

 ALBANY, NY – Officials of HEI Hotels & Resorts, a leading hospitality investment and management company, has named Catlin Ptak general manager and Mina Gagraj director of sales of the 110-room Hyatt Place Albany in New York.  The under-construction hotel is expected to open August 31, 2023.

 

“As HEI expands its New York reach with its eighth hotel in the state, we want to ensure that our latest property benefits from superior leadership, and Catlin and Mina are the embodiment of what a successful team looks like,” said Rachel Moniz, COO, HEI. 

Catlin Ptak

“With a combined total of more than 25 years of hospitality experience, both have spent numerous years at multiple property-level positions, giving them the first-hand experience necessary to thrive in their new roles. 

 

"They quickly will lead the hotel to its rightful place as the lodging destination of choice for the greater Albany area.”

 

Catlin Ptak

With 16 years of hospitality experience, Ptak began her career in the hospitality industry as night auditor at the Holiday Inn, Middletown, NY. 

 Under construction: Hyatt Place Albany
 in New York expected to open
Aug. 31, 2023

 Since then, she has risen steadily within the ranks, including night manager at the Hilton Albany and most recently the New England area manager with Visions Hotels. 

 

Catlin has been previously involved with volunteering and contributing to various LGBTQ+ organizations. She received her associate degree in liberal arts/mathematics from SUNY Orange.

 Rachel Moniz

 

Mina Gagraj

 

A 12-year hospitality veteran, Gagraj most recently was area director of sales with Marriott at Residence Inn and Courtyard in the Albany and Kingston market, where she oversaw both hotels and increased year-over-year revenue growth with increased sales by 10%. 

 

 She has held multiple property level positions over the years, including marketing and catering sales manager with the Double Tree by Hilton in Schenectady NY.

 

 Gagraj is a member at Discovery Albany and the Albany Chamber of Commerce. She received her degree in hospitality from Cornell University.

  CONTACT:

 

Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

www.hyatt.com.

www.heihotels.com.

 

MMI Hotel Group selected to operate Fontana Village Resort & Marina in North Carolina

Fontana Village Resort & Marina, Fontana Dam, NC 

 FONTANA DAM, NC. June 22, 2023 – Officials of MMI Hotel Group (MMI), a leading operator of core, lifestyle and destination resorts and hotels located primarily in the Southeast United States, today announced the company has been selected to operate Fontana Village Resort & Marina in Fontana Dam, N.C. 

Micajah Sturdivant

Nestled in the heart of the Smoky Mountains, Fontana Village is a resort property comprised of approximately 356 scenic acres that includes a 91-room lodge, 124 cabins, two restaurants, a general store, two swimming pools including a lazy river, multi-purpose sports fields/courts, post office building, gas station, 60-slip marina with 18 floating cabin moorings, horse stables and public trails. 

 

 If that's not enough, guests can also enjoy an 18-hole miniature golf course, mountain biking, white water rafting, boat rentals and a myriad of local excursions.

 

“Originally constructed as the core of a community brought together to build Fontana Dam, Fontana Village has transitioned into an authentic destination for visitors to the Smoky Mountains and the Appalachian Trail,” said Micajah Sturdivant, CEO, MMI. "The resort offers tremendous activities, amenities and accommodations for adventure lovers of all ages."

 Fontana Village is a year-round destination as guests may enjoy Fall Hike Week in the neighboring Great Smoky Mountain National Park, cross country skiing in the winter and various activities peppered throughout the four seasons. 

 

 A nearby internationally famous destination for motorcycle and sports car enthusiasts is Deals Gap, a mountain pass along the North Carolina–Tennessee state line which includes an 11-mile stretch of two-lane road known as the "Tail of the Dragon," with 318 curves.   

The Lodge offers cozy rooms with fireplaces and balconies as well as poolside cabanas and spectacular views of the surrounding mountains.  

 

Cabins range from 1- to 4-bedroom units with comfortable living arrangements featuring a living room with a sofa and television, kitchen and a private porch. 

 

 Dining options include The Mountview Bistro, offering farm-to-table meals, baked goods and desserts; The Wildwood Grill, a three-meal casual restaurant; and The Bear’s Den Lounge, a full-service bar with local wines, craft beers and small plate meals.

 

“With a reputation for generating superior guest satisfaction and improved bottom lines at historical lodgings, MMI was the obvious choice for us to lead operations at Fontana Village Resort & Marina,” said Robin Turner, partner, Fontana Ventures, LLC. 

 

 “In addition to their successful track record operating similar properties, we were immediately struck by a shared sense of values and philosophy on providing truly unique, one-of-a-kind experiences for guests that will not be duplicated or forgotten.”

 

 CONTACTS:

 

Andrew Pace

apace@mmihg.com

(404) 787-2807

###

 

 Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

 

(www.MMIHotelGroup.com

Stos Partners sells single-tenant, 79,883-SF industrial complex in Laredo, TX for $9.15 million after buying it in March 2022 for $5.15 million

 

CJ Stos

 LAREDO, TX, June 22, 2023 – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has announced the successful sale of a two building, 79,883 square-foot industrial facility located at 13806 N. Unitec Drive in Laredo, Texas to a private buyer for $9.15 million.

Stos Partners acquired the property in March 2022 for $5.15 million. 

Elizabeth Bachhuber

Led by Principal and Founder CJ Stos, Partner Jason Richards and Executive Vice President Jay Boyle, the company implemented its value-add strategy and capital improvement program which included a new roof, parking lot, exterior painting, dock upgrades and interior renovations. 

Stos Partners was represented by Anthony DeLorenzo, Bryan Johnson, Nick Williams and Elizabeth Bachhuber of CBRE.

Monica Rubio

Monica Rubio of Century 21 Olympian Commercial represented the private buyer in the transaction.

 Stos Partners also re-tenanted the complex to a single user, Cargoquin Incorporated, a leading industrial logistics provider.

Jason Richards 

“The Laredo market has seen great demand for prime industrial assets because of its strong fundamentals and proximity to the United States-Mexico border,” says Stos.

“Our team identified this asset’s value during the initial acquisition last year. Through deep relationships with local brokers, we were able to secure a buyer for the property in approximately a year.”

“Laredo has one of the tightest industrial markets in the country with a vacancy of approximately 1.8 percent in 2022 and minimal new construction,” notes Richards. 

Jay Boyle

 “The Laredo port is one of the busiest in the United States, with trade volume reaching $250 billion in 2021 and $145.1 billion through the first six months of 2022.”

“This sale speaks to our firm’s ability to identify properties that require minimal upgrades and maintenance, which can offer future owners a prime addition to their portfolio with the potential for steady cash flow,” says Richards.

“With stabilized occupancy for the next nine years, the owner stands to benefit greatly from this acquisition in a market that has become highly competitive.”

 Anthony DeLorenzo

Built in 2001 and renovated earlier this year, the property features 21 loading bays, 22-foot clear height ceiling and ample parking lot with 53 surface parking spaces.

 

About Stos Partners

Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors.

Bryan Johnson

With a track record spanning nearly $1.64 billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through value-add acquisitions and strategic repositioning of industrial and multifamily assets of both institutional and small-to-mid-cap commercial properties.

 

Headquartered in San Diego, California with an office in Orange County, California and Laredo, Texas, Stos Partners’ local expertise and longstanding relationships translate into the ability to source, fund and close transactions quickly and profitably.

Nick Williams

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

 www.stospartners.com

 

JLL Capital Markets brokers sale of the 82,238 SF Methodist Southlake Medical Office Building in Southlake, TX

 

Methodist Southlake Medical Office Building, 
Southlake, TX

DALLAS, TX, June 22, 2023 –  JLL Capital Markets announced today it arranged the sale of the Methodist Southlake Medical Office Building, a Class A, on-campus medical office property totaling 82,238 square feet in Southlake, Texas, one of Dallas-Fort Worth’s most affluent suburbs.

 

The price was not disclosed.

Brian Bacharach 

JLL represented the seller, Southlake Texas Medical Building I, LP, a partnership managed by LandPlan Development, and also procured the buyer, a partnership of Virtus Real Estate Capital and Lincoln Property Company.

The Methodist Southlake Medical Office Building is located on campus and attached to Methodist Southlake Medical Center. 

The property is ideally positioned along State Highway 114, providing exceptional visibility and access from one of the area’s most heavily traveled thoroughfares.

The building’s optimal location offers connectivity with many of the region’s most affluent communities and convenience to local amenities, including the renowned Southlake Town Square and it’s 1.4 million square feet of retail, restaurant, residential, office, hospitality and municipal space.

Vasili Davos

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Brian Bacharach and Director Vasili Davos.

For more news, videos and research resources, please visit JLL’s newsroom.

 

 

CONTACT:

 

Alli Semans

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750

 

lpc.com

www.virtusre.com.

 landplan.net 

jll.com. 

 

 

 

 

JLL Capital Markets arranges $20 million financing for the 266-key Sheraton Tampa Brandon Hotel in Tampa, FL

 

 Amy Lousararian

 BOSTON, MA –  JLL Capital Markets has arranged $20.07 million in financing for the Sheraton Tampa Brandon, a 266-key, full-service hotel in Tampa, Florida.

 

JLL represented the borrower, Linchris Hotel Corporation, to secure the loan through the lender, Ready Capital.

The JLL Capital Markets team was led by Senior Directors Amy Lousararian and Henry Schaffer and Director Jason Skalko.

Henry Schaffer

The Sheraton Tampa Brandon contains a full-service restaurant and bar, outdoor swimming pool, fitness center and business center.

It also features 32,175 square feet of meeting and event space highlighted by an 8,133-square-foot grand ballroom, which can hold up to 400 people.

Located at 10221 Princess Palm Ave., the hotel is directly off I-75 and slightly south of I-4, which are the two main highway arteries that connect the hotel to downtown Tampa.

Jason Skalko

The hotel is nine miles east of Downtown Tampa, 15 miles from the Tampa International Airport, nine miles southeast of major theme park attractions such as Adventure Island and Busch Gardens and only three miles east of Seminole Hard Rock Casino and Florida State Fairgrounds.

Additionally, the hotel is directly adjacent to large office complexes occupied by Citi Bank and JPMorgan.

The Tampa-St. Petersburg-Clearwater metropolitan area is a premier location for business, tourism and residence. The Tampa Bay market has been one of the best performing markets in the U.S. since 2020.

For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT:

 

Alli Semans

PR, Hotels & Hospitality, Capital Markets

JLL
M +1 330 329 6750