Tuesday, December 18, 2018

Hospitality Ventures Management Group (HVMG) adds Hard Rock Hotel Daytona Beach to Growing Portfolio of Managed Properties


Hard Rock Hotel Daytona Beach, FL
918 North Atlantic Avenue

Robert S. Cole
 ATLANTA, Ga. (Dec. 18, 2018) — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, announced the company has taken over management of the 200-room Hard Rock Hotel Daytona Beach (918 N. Atlantic Avenue).

The hotel, which opened in early 2018, is owned by Summit Hospitality Management Group. 

            “The Hard Rock Hotel in Daytona Beach makes an ideal addition to our growing portfolio of upscale hotels and resorts with world-class, iconic brands,” said Robert Cole, HVMG president & CEO. 

 “This marks our first Hard Rock Hotel-branded property, our third Florida hotel addition just this year and our fourth property under HVMG.  We look forward to working side-by-side with Summit Hospitality Management Group to maximize revenue and profitability through HVMG’s award-winning operations platform.”

Dale Hipsh
Boasting panoramic views of the Atlantic Ocean, the beachfront property features renowned, brand-exclusive offerings and amenities, including The Sound of Your Stay® music program, which offers complimentary use of Fender guitars and Crosley record players for in-room jam sessions, as well as a renowned full-service Rock Spa® and Salon, a Rock Shop® and a Body Rock® fitness center.

“We are pleased Hard Rock Hotel Daytona Beach will be managed by an established company with a stellar portfolio and strong reputation in the industry like HVMG,” said Dale Hipsh, senior vice president of hotel operations at Hard Rock International.

“We know they will continue the great legacy of Four Diamond service, quality and performance for which the property is known.”

Hard Rock Hotel Daytona Beach also includes the signature Sessions restaurant and bar, the open-air Wave Terrace and 20,000 square feet of indoor and outdoor meeting space, including a versatile ballroom terrace. The property’s resort-style beachfront pool features an expansive oceanfront party deck, including an outdoor pool bar and grill.

Abbas Abdulhussein
“Bringing in HVMG to manage Hard Rock Hotel is in line with our company strategy and enables our team to give our full attention to growing our portfolio and to asset management,” said Abbas Abdulhussein, CEO of Summit Hospitality Management Group. 

“Their proven track record operating resort properties, understanding of our clientele and familiarization of the Daytona Beach market allows them to hit the ground running.”







Contact:

Chris Daly
Daly Gray, Inc.
703-435-6293



Pollack Shores Announces Active Adult Apartments in the Viera Community of Melbourne, FL


Rendering of planned Olea Viera Apartments, Viera, FL

ATLANTA, GA – Multifamily developer and investment firm Pollack Shores Real Estate Group announced plans to develop 166 active adult apartments in the Viera community of Melbourne, Florida.

Set to break ground in January, Olea at Viera is part of Pollack Shores’ national efforts to develop more age-targeted housing amid a spike in demand for this product type. Olea at Viera will open in April 2020.

Steven Shores
Pollack Shores’ Olea brand is centered around community – it is the idea that today’s baby boomers, who are more active than preceding generations, seek a turnkey, vibrant living experience via specialized events and programming unique to their neighborhood.

“Olea at Viera plays a significant role in our next chapter as a company,” said Steven Shores, CEO of Pollack Shores.

“Age-targeted communities have always been a part of our story, and the establishment of the Olea brand only escalates our commitment to delivering quality apartment homes to this audience. We look forward to sharing more news on our Olea portfolio in the months ahead.”

CONTACTS:


Liz Maddux · Assistant Account Executive
1718 Peachtree St., Suite 1048 · Atlanta, GA 30309
M: 478-972-3210


Berger Commercial Realty Hires Sales Associate James Karrat


James Karrat

FORT LAUDERDALE, FL – Berger Commercial Realty/CORFAC International announces the hiring of Plantation resident James Karrat as the firm’s newest sales associate. He will be focused on landlord representation for office, retail and industrial properties throughout the tri-county region.

“We recognized James as someone with the drive and experience necessary to excel in commercial real estate,” said Berger Commercial Realty President Lloyd Berger. “I have never before seen anyone hit the ground running like James. We look forward to sharing his many successes.”

Lloyd C. Berger
Karrat joins the firm following 11 years of practicing law as an attorney, originally with the Broward County State Attorney’s Office and most recently as a civil litigator and partner at a real estate law firm.

A Broward County native, Karrat graduated with honors from Florida Atlantic University with a Bachelor of Arts degree. He received his Juris Doctor degree from St. Thomas University School of Law, where he was awarded the Ken Feldman Pro Bono Service Award.

“I believe my local upbringing and background in law and real estate will result in a smooth transition into the commercial real estate industry,” Karrat said



Contacts: 


954-776-1999
Pierson Grant Public Relations
Lexi Robinson, ext. 255, lrobinson@piersongrant.com
Marielle Sologuren, ext. 226, msologuren@piersongrant.com

Ware Malcomb Moves to Larger San Diego, CA Office Space


Tiffany English

SAN DIEGO, CA (Dec. 18, 2018) – Ware Malcomb, an award-winning international design firm, today announced they have moved into a new, larger office space located at 3911 Sorrento Valley Blvd, Suite 120 in San Diego.

The move was driven by the growth of the firm’s local employee and client base. Ware Malcomb has 22 offices across North America, including a second local office at 600 B Street, Suite 2070 in downtown San Diego.

“Our new San Diego office accommodates Ware Malcomb’s tremendous growth in the vibrant San Diego market, while also positioning the firm for the future,” said Tiffany English, Principal of Ware Malcomb’s San Diego offices.

 “When combined with the resources of our second San Diego office downtown, our clients in the region will continue to be well-served in 2019 and beyond.” 

Ware Malcomb’s new San Diego office incorporates the latest in interior design trends, as well as the firm’s own design standards.

3911 Sorrento Valley Blvd, Suite 120, San Diego, CA
“In designing our own offices, we utilize the same principles as in all of our client projects, including an emphasis on long term real estate value, high quality materials, and incorporating sustainable features wherever possible,” continued English. 

For more information,  please visit waremalcomb.com/news and view Ware Malcomb’s Design Highlights video at youtube.com/waremalcomb.

CONTACTS:

Rachel Reenders
VP Public Relations
 KCOMM for Ware Malcomb

Kelly Teenor, Director, Marketing, 949.660.9128, kteenor@waremalcomb.com

Maureen Bissonnette, Associate Principal, Marketing, 949.660.9128, mbissonnette@waremalcomb.com

Ware Malcomb San Diego
3911 Sorrento Valley Blvd, Suite 120
San Diego, CA 92121
p. 858.638.7277

HFF announces $25 million sale, financing and joint venture equity for 3001 PGA Boulevard in Palm Beach Gardens, FL


3001 PGA Boulevard Boutique Office Building
 Palm Beach Gardens, FL

Hermen Rodriguez
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $25.1 million sale and the financing and joint venture equity raise for 3001 PGA Boulevard, a 67,500-square-foot, Class A boutique office building in Palm Beach Gardens, Florida.

The HFF team represented the seller, GLL Real Estate Partners, and procured the buyer, Owens Realty Capital.  

Additionally, HFF worked on behalf of Owens Realty Capital to identify a joint venture equity partner in Galium Capital, for the acquisition of the property.  Working on behalf of the partnership, HFF also arranged a seven-year, fixed-rate acquisition loan through Regions Bank.

Tracey Goo

Completed in 2006, 3001 PGA Boulevard features institutional-quality construction and finishes, classical Mediterranean revival-style architecture, wrought iron balcony accents and a grande porte cochère at the building’s entrance.  

Ike Ojala
The property is 95 percent leased to tenants, including Nason, Yeager; Seacoast National Bank; McNicholas & Associates and TEKsystems, among others.

The three-story asset fronts PGA Boulevard, which has a daily traffic count of more than 41,000 vehicles and is an outparcel of The Gardens Mall, which features upscale retailers such as Saks Fifth Avenue, Nordstrom and Bloomingdales. 

 3001 PGA Boulevard is situated within an amenity-rich location close to Downtown at the Gardens, PGA Place, Legacy Place and the affluent waterfront and golf communities of Lost Tree Village, Seminole Golf Club and Ballen Isles. 

The HFF investment advisory team representing the seller included senior managing director Hermen Rodriguez, senior director Ike Ojala and director Tracey Goo.

Rebecca Van Reken

The HFF debt and equity placement team representing the buyer included senior managing director Michael Weinberg and managing director Rebecca Van Reken.

Michael Weinberg
CONTACTS:

HERMEN RODRIGUEZ
FL Lic. #SL3018820
HFF Senior Managing Director
(305) 448-1333

IKE OJALA
HFF Senior Director
(305) 448-1333

MICHAEL WEINBERG
HFF Senior Managing Director
(407) 745-3900






KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990



Title Insurance Agency Proper Title Announces Three New Hires and One Promotion


Angela Castillo
                                                                                     
CHICAGO, IL  (Dec. 18, 2018) – Proper Title, LLC, the Palatine, Ill.-based title insurance agency serving the residential and commercial real estate industries, today announced three new hires and one new promotion to support the firm’s continued growth.

 Industry veterans joining the firm include Angela Castillo as senior title examiner, Carol King as escrow officer and Dawn Wheatland as sales coordinator. The firm also announced the promotion of Beth LaSalle to education and compliance manager.

Dawn Wheatland
“These three new hires and well-deserved promotion support our goal of providing excellent levels of client service as our team continues its robust growth,” said David Garside, executive vice president of title and escrow operations at Proper Title.

 “Since our launch in 2013, our ability to draw top talent from within the title industry is just one of the many reasons why we have become the second-largest title agency in Illinois.”

Castillo joins Proper Title’s downtown Chicago office after a 20-year tenure at Chicago Title Insurance where she served as a commercial examiner, specializing in complex commercial transactions and endorsements. 

Beth LaSalle

King will bring to the Palatine office her extensive experience with NextAce Title EDGE, a title automation technology that improves search speed and efficiency. 

Based in the firm’s Oak Brook office, Wheatland will be working hand-in-hand with the sales team, offering another resource for clients. She has spent nearly two decades working in sales and fundraising.

In addition to her existing role as senior commercial escrow officer, Beth LaSalle will now lead the Proper Title team as education and compliance manager. 

David Garside

A member of the education and escrow committee at the Illinois Land Title Association, she will draw from her three decades of experience in title to create and execute a formalized plan to provide professional development opportunities to the firm’s managers and employees.

“The contributions Beth, Angela, Carol and Dawn will bring to our escrow, underwriting and sales teams will enhance our ability to deliver on our goal of providing exceptional client service in every transaction we handle,” said Garside.

Launched with just 27 employees in 2013, Proper Title has doubled its size and increased its transaction volume every year to become a major player in the title insurance business.

 For the third year in a row, in 2017, Proper Title earned the Award for Excellence from Fidelity National Title Group, Inc., a member of the Fidelity National Financial (NYSE: FNF) family of companies and the nation’s largest group of title companies and title insurance underwriters. 

The award is given for meeting and exceeding specific title underwriting and settlement services criteria.

 For more information, please visit propertitle.com.

  CONTACTS: 

 Paula Widholm, pwidholm@taylorjohnson.com, (773) 726-7993
Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

Monday, December 17, 2018

Anantara Quy Nhon Villas, VIETNAM – a brand new all-villa resort in Vietnam – has opened its doors, ready to welcome guests to this undiscovered part of the country.




 Anantara Quy Nhon, VIETNAM -- Located in a secluded bay on the south central coastline, known for its impossibly wide beaches and emerald waters, Anantara Quy Nhon redefines a luxurious beachside holiday with private infinity-style pools for each villa, in-room villa host services and unique spa offerings, plus a range of indigenous guest experiences that showcase this hidden gem within Vietnam.

The 26 one and two-bedroom ocean-facing villas are ensconced amid 7.2 hectares of landscaped tropical gardens. The resort is designed to blend seamlessly into the natural environment: locally-sourced materials, traditional craftsmanship and regional influences are discreetly incorporated into its contemporary design.



The spacious villas boast sleek timber sundecks made from locally-crafted wood, oversized bathtubs, private pools and extended low overhanging roofs.

Vietnamese blue stone keeps the look of the common areas vernacular, while granite and marble elements introduce a touch of modernity.

With a focus on personalised experiences, guests are treated to in-room villa host services and a range of customisable luxury amenities, such as preferred room scents ranging from exotic lemongrass to refreshing green tea, Anantara’s signature natural soap collection, in-villa wine cellar and an in-villa delicatessen with a selection of charcuterie, cheese and locally-made ice cream.




Sea.Fire.Salt, the signature restaurant at Anantara Quy Nhon, celebrates the abundance of local seafood and regional flavours. The Salt Library displays a range of more than 30 locally-infused salts, which complement the dishes on the menu.

 Each dish comes with a recommendation of the best flavour to bring out the ultimate taste of the ingredients, as well as culinary delights cooked and served on a salt brick adding a sense of theatre to the dining experience.

At the swim-up bar, premium cocktails, Vietnamese craft beers and Cuban cigars are served in a spectacular ocean-facing setting. In-villa dining recreates an intimate culinary experience in the privacy of one’s villa with gourmet breakfast in bed, poolside barbecues and an authentic Vietnamese street food concept.




Anantara’s signature Dining by Design delights with ‘castaway’ island experiences, from picnic-style to fine dining.

Perched high on the hillside overlooking Quy Nhon Bay, Anantara Spa is a wellbeing paradise hidden among the lush tropical foliage.

Nature-inspired treatment suites, positioned among the trees, boast double massage beds and oversized bathtubs for nourishing coconut milk soaks and Vietnamese traditional massages, while breezy cliffside pavilions bring the art of relaxation to new heights with a view directly overlooking the serene bay.



Anantara Quy Nhon guests will be able to take advantage of Anantara’s signature Balance Wellness concept offering a uniquely flexible approach to feeling good, through an inspirational range of wellness experiences and the total freedom to explore and indulge in between.

The Masters of Wellness visiting practitioner calendar allows guests to book private sessions with alternative therapists who are trusted experts in holistic healing.

Private meditation sessions accompanied by a local monk or a morning yoga experience at the Cham towers allow guests to expand and deepen their wellness journey.

Rich in cultural attractions, Binh Dinh province, of which Quy Nhon is the coastal capital city, is an attractive option for families, couples and groups of friends in search of meaningful and shared experiences with easy access to local cultural attractions, such as the relics of Champa civilisation and centuries-old Buddhist pagodas.

Guests embarking on a guided Quy Nhon Explorer tour can look forward to an early morning ride through the bucolic countryside, with a traditional Vietnamese coffee and Banh Mi break on the way, before stopping at the family house of Mr. Lan’s – the fifth generation Non La(conical hat) makers – for a hat weaving workshop.

Having worked up an appetite, guests will be invited to share a home-cooked meal and some laughs with a local family who will serve traditional Binh Dinh dishes for the occasion.

On the way back, centuries-old ruins of Champa towers peppering the hilltops around Quy Nhon will make for some great photo opportunities.



After a quick pit stop for a glass of freshly-squeezed sugarcane juice, it’s time for a hands-on rice paper making workshop before heading back to the resort.

The resort is a 40-minute drive from Quy Nhon Airport, or Phu Cat Airport as it is known locally, and only a 15-minute drive from downtown Quy Nhon.

Daily flights into Phu Cat Airport are operated from Ho Chi Minh City and Hanoi.

 For more information, please go to https://www.anantara.com/en/quy-nhon

 For more information on Anantara Hotels, Resorts & Spas, please visit www.anantara.com.

 Follow us on Facebook: www.facebook.com/anantara; Twitter and Instagram: @anantara_hotels
Anantara is part of the DISCOVERY loyalty programme.

CONTACT:

Hwee Peng Yeo 

Sunday, December 16, 2018

Ackerman & Co.’s Retail Division Announces Sale of Two First-Class Assets in Buckhead, GA for $23 Million


Maggianos Little Italy Restaurant, Buckhead, GA


ATLANTA, GA -- Ackerman Retail, a division of Ackerman & Co. and the exclusive advisor to the estate of Charles S. Ackerman, has brokered the sale of two sought-after properties in the Buckhead submarket of Atlanta: 3368 Peachtree Road for $12.75 million ($474 PSF) and 3465 Buckhead Loop Road for $10.25 million ($2,713 PSF).

The properties are fully leased to Maggiano’s Little Italy and Wells Fargo, respectively. The assets were purchased by a private investment company.

Wells Fargo Bank, Buckhead, GA

Representing the seller, Ackerman & Co. Senior Vice Presidents Kevin Hermetz and Jimmy Stevens brokered the Maggiano’s transaction and Ackerman Retail Senior Vice President Sean Patrick and Vice President Stephen Lapierre brokered the Wells Fargo sale.

Leo Wiener
“This transaction is a new high-water mark for free-standing retail in the market," said Ackerman Retail President Leo Wiener, who led the effort for these estate sale transactions.

"The interest was high and the competition to land these iconic properties was extremely aggressive as evidenced by the final valuations.

“The best-in-market cap rates are a testament to the brilliance of Charlie Ackerman and his ability to aggregate intergenerational real estate.”

Located in the heart of the Buckhead business district, one of the Southeast’s most dynamic economic hubs, the properties are within walking distance to Atlanta’s two most upscale shopping centers (Phipps Plaza and Lenox Square), MARTA rail stations, upscale restaurants, luxury hotels and more than 17.5 million square feet of Class A, high-rise offices.

Kevin Hermetz
The two-story, 27,000-square-foot Maggiano’s restaurant property is located on Peachtree Road (traffic count of 47,500 vehicles per day) next to a MARTA rail station and offers 281 parking spaces.

The single-story, 3,796-square-foot Wells Fargo property is located on Lenox Road (traffic count 53,000 vehicles per day) at the signalized Buckhead Loop intersection and features 30 parking spaces.
  
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast.

Jimmy Stevens
 The company, founded in 1967, retains an expert team of more than 100 real estate professionals.

To date, Ackerman & Co. has developed and acquired more than 37 million square feet of office, medical, industrial, retail and mixed-use space, has nearly 8 million square feet under management and maintains an investment portfolio valued at $1 billion.

Ackerman Retail, a division of Ackerman & Co., offers a best-in-class services platform, delivering solid results for local and multi-market clients across the Southeast. To date, Ackerman Retail has completed more than 10 million square feet of transactions valued at $1.7 billion.

Sean Patrick
For more information, visit www.ackermanco.com


 CONTACT:       

Steve Webb
Marketing Research Coordinator
P: 678.993.2935     F: 770.913.3966
………………………………………………………………………………………….
Ackerman & Co.
10 Glenlake Parkway, South Tower, Suite 1000


Atlanta, Georgia 30328

Chatham Lodging Acquires New Courtyard by Marriott Dallas Downtown

Courtyard by Marriott Downtown Dallas, TX

WEST PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that the company has acquired the recently opened 167-room Courtyard by Marriott Downtown Dallas, Texas, for $49 million, or approximately $293,000 per room. The hotel opened in September 2018.

Chatham funded the purchase using available cash, including $24 million of proceeds from equity issued under its share plans in 2018 and borrowings on its unsecured credit facility. The hotel will be managed by Island Hospitality Management, which is 51 percent owned by Fisher.

Jeffrey H. Fisher
“This is a gorgeous, brand new, superior-quality hotel located just two blocks from the Kay Bailey Hutchison Convention Center in the heart of downtown Dallas,” said Jeffrey H. Fisher, Chatham’s chief executive officer and president. 

“This is the first new build hotel in downtown Dallas since 2011 and will carry a competitive advantage over nearby select-service hotels which are entirely adaptive re-use or conversion projects.

"The area has experienced a revival since 2010, with over $5 billion of real estate investments generating a 23 percent increase in downtown population, as well as an increase in corporate office demand.

"This hotel expands our Dallas presence and allows us to leverage our market knowledge and Island Hospitality’s deep talent pool to generate strong returns.”

CONTACTS:

Patrick Daly
Office Manager
Daly Gray, Inc.
Office:  (703) 435-6293
Cell:  (703) 300-8289

Dennis Craven
 Chief Operating Officer
(561) 227-1386