Monday, March 25, 2024

Aperture Hotels Adds 12 Hotels in 12 Months

 

Sarah Garcia

\ATLANTA, GA, March 25, 2024—Officials of Aperture Hotels, a leading hospitality management provider specializing in premium lifestyle, compact full-service, select-service and extended stay hotels, today announced the company added 12 hotels to its portfolio over the past 12 months. 

Charles Oswald

Located from Florida to California, the 12 new properties are comprised of Hilton-, Marriott- and IHG-branded hotels, as well as some independent flags.

 

“We have enjoyed strong, steady growth over the past 12 months and plan to continue this trajectory moving forward,” said Charles Oswald, president and CEO, Aperture Hotels.  “Our pipeline remains robust, and we are on track to announce another new deal in the next few days.”

 

The new hotels include the Hotel Spero – San Francisco and Clair Tappaan Lodge – Lake Tahoe Area, in addition to a Voco soft-brand conversion, four Hampton Inns, two Holiday Inn Express hotels, a Fairfield Inn, a Tru and other independents. 


The hotels greatly expand our geographic reach, with a half dozen in Tennessee, two in Texas, two in California and one each in Florida and Wisconsin,” Oswald added. 

 

“This creates greater economies of scale for our owners, as well as the ability to share relevant best market practices for our regional and general managers, all ultimately providing betterfinancial results and stronge guest satisfaction scores.

 

“We continue to target leisure-oriented, lifestyle and historic hotels in the upper upscale segment,” Oswald continued. 

 

Last year was a banner year for portfolio growth, market share gains (+3% RGI), profit margins (+5%), guest experience gains (+36% in brand top quartile ranking) and improvement to employee engagement and retention (+18%). 

To accommodate its growth and drive operational execution, Aperture added multiple corporate executives over the past year.

 

“We have been extremely fortunate to compile a phenomenal team of experts with more than 600 hotels worth of combined hospitality operations experience,” Oswald noted. 


“Our latest moves greatly expand our commercial strategy, accounting and property-level operational capabilities.  "Sarah, Alyssa, Taylor, Andrew and Christina are at the top of their individual fields, and we look forward to their direction as we continue our nationwide growth plans.”


Sarah Garcia, Senior Vice President of Commercial Strategy

 

With 25 years of hospitality revenue expertise, Garcia most recently was chief sales officer with Terrapin Hospitality, which was sold to Aimbridge Hotels in December 2022.  Prior to that, she worked with such prestigious companies as Interstate Hotels & Resorts (corporate vice president sales), Shamin Hospitality (vice president (sales) and Noble Investment Group (regional director of sales). Sarah holds a BS degree in Business from Argosy University as well as CHBA certification from HSMAI.

 

Alyssa Quezada

Alyssa Quezada, Vice President of Commercial Strategy

 

An 11-year hospitality veteran, Quezada began her career with K Partners Hospitality, working as a front desk agent at the Courtyard by Marriott SeaWorld San Antonio. She held multiple roles within the company through multiple ownership changes, including catering sales manager, dual group sales, director of sales and regional vice president of sales.


Taylor Hall

Taylor Hall, Vice President of Operations.

 

An award-winning operator, prior to joining Aperture, Hall was general manager of the SpringHill Suites by Marriott Navarre Beach resort owned by Mission Hill Hospitality.  Throughout her career, she has held a series of increasingly important, property-level management roles, including director of food and beverage at various full-service Marriott properties.  Hall holds a Bachelor of Arts degree in communications from SUNY Geneseo and is a certified sommelier.

 

Andrew Reichert

Andrew Reichert, Senior Vice President of Hotel Accounting

 

An industry accounting expert of more than 20 years, Reichert has worked at Starwood- and Omni-branded resorts with both spa and country club membership components.  Most recently, he served as corporate director, finance with Atrium Hospitality where he co-built the management company’s accounting team after the company relocated its operations headquarters cross-country.  During his career, Reichert worked in each accounting discipline at the property level, including IT support and systems administration. 


Christina Hollis


Christina Hollis, Regional Director of Operations

 

With nearly 15 years of hotel property level experience, Hollis has been with Aperture since 2022 as general manager of the Hampton Inn & Suites Murfreesboro in Tenn.  She has held similar positions with Crestline Hotels & Resorts and H&W Management.  Hollis earned her MBA in general business administration and management and her BA in general communications from the University of Pikeville.

“We also take great pride in the fact that we have built a female-majority team across the entire company, and not just at the ground level, but also at the leadership level. That means our VPs, directors and above exceeds 50% women, as well as our corporate back-office support team, general managers and our entire employee base,” Oswald stated. 

 

“Who else can say that? Numerous studies have proven that more diverse leadership results in stronger financial results and an overall stronger, more inclusive work environment.  Our team is further proof, and we look forward to reaping the rewards going forward.”



CONTACT:


Chris Daly

President

DG Public Relations

(703) 864-5553

chris@dalygray.com

www.dalygray.com

 

Sunday, March 24, 2024

1980s pop icon Tiffany will perform at West Ridge Mall in Topeka, KS to raise awareness for a catalytic mall redevelopment project led by Topeka-based Advisors Excel and development partner Russell Glen along with partnership GO Topeka, the economic development group for Kansas’ capital city.

 Tiffany

 TOPEKA, KS /PRNewswire-PRWeb/ -- Tiffany, 1980s pop icon and singer of the hit song, “I Think We’re Alone Now,” is returning to her roots—the mall.


Topeka Mayor Michael Padilla

Tiffany will perform at the Greater Topeka Partnership’s Annual Meeting on April 4. The Partnership unites the community’s chamber of commerce, tourism and economic development interests under one roof.

Cody Foster

Their 1980s-themed Annual Meeting will take place in the mall food court and include a panel discussion featuring Cody Foster, co-founder of Advisors Excel, Molly Howey, president, GO Topeka, Mayor Michael Padilla, and Visit Topeka president Sean Dixon. The group will discuss key redevelopment projects shaping the city's future.

Molly Howey

Spearheaded by Advisors Excel, a Topeka, Kan.-based financial and investment services company, the remodeled mall will feature the first large-scale, mall-centered corporate campus in the United States, coupled with mixed-use retail and lifestyle offerings.

Sean Dixon

"In the 1980s, malls were the ultimate hot spot—people of all ages spent their weekends immersed in their bustling atmosphere, every corner holding excitement and possibility,” said Mayor Michael Padilla.

"Today, some say malls are dead—but here in Topeka, our local mall is coming back to life, catering to the diverse needs and preferences of modern consumers. And what better way for this revival to be led than by our own community members."

 



 

JLL Capital Markets brokers $22 million refinancing for the 282,039-square-foot Arundel Plaza in Glen Burnie, MD

 Arundel Plaza, Glen Burnie, MD

  MORRISTOWN, NJ – JLL Capital Markets as arranged the $22 million refinancing of Arundel Plaza, a 282,039-square-foot community shopping center located in Glen Burnie, Maryland.

Michael Klein
 JLL represented the borrower, United Hampshire U.S. REIT (“UHREIT”), to secure the five-year, fixed-rate loan through a correspondent life company lender.


Built in 1967 and renovated in 2017, the six-building Arundel Plaza is 100% occupied by 15 diverse tenants. 


The property is anchored by Lowe’s, a home improvement and appliance store with 2,181 locations across North America, and Giant Food of Maryland, LLC, a subsidiary of Ahold Finance, LLC (S&P: BBB), an American supermarket chain with 165 stores across Delaware, Maryland, Virginia and Washington, D.C.

 

Jon Mikula
Additional tenants include Jersey Mike’s Subs, FedEx, Hook and Reel, Panda Express and Chipotle. Arundel Plaza features an average tenancy of eight years with a weighted average lease expiry of 7.8 years.


Situated at 6620 Governor Ritchie Highway, the property is strategically located with over 1,300 feet of frontage along Governor Ritchie Highway, Maryland’s longest highway, which offers direct access to Baltimore and Annapolis.

 

 The center is within proximity to a robust transportation infrastructure, including Maryland Route 3, Maryland Route 10, I-97 and I-695 within one mile of the property, as well as a dense population of 183,000 residents within the center’s trade area (five-mile radius).

 

Evan Parker
Due to its location and strong tenancy, Arundel Plaza received approximately 2.2 million site visits over the past 12 months.


The JLL Capital Markets Debt Advisory Team was led by Senior Managing Directors Michael Klein and Jon Mikula, Senior Director Evan Parker and Analyst John Cumming.

 

“UHREIT has made significant improvements to the shopping center in the last few years, which has helped drive tenant demand,” said Mikula.  “Lender interest in necessity retail is at a recent all-time high, and this transaction was no exception.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

John Cumming
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.


 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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




CONTACT:


Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com

Saturday, March 23, 2024

PEBB Enterprises Announces 5,200-SF Restaurant Row Lease in Boca Raton, FL with Acclaimed Chef Pushkar Marathe’s Stage Kitchen & Bar

 

Pushkar Marathe 

BOCA RATON, FL–– PEBB Enterprises, the entrepreneurial private real estate investment company, successfully leased the final space at its Restaurant Row development in PEBB’s home base of Boca Raton.

    
                         Anna Woodman

Renowned chef and restaurateur Pushkar Marathe will expand his Stage Kitchen & Bar concept to Restaurant Row.

Pronounced “staahj,” in a nod to the title given to culinary interns who gain experience in different kitchens across the globe, Stage Kitchen & Bar leased 5,200 square feet at Restaurant Row.


Ian Weiner

It expects to open to customers by the end of 2024. The New American restaurant, which provides an integrated, small-plates experience inspired by diverse culinary influences from around the world, has an existing location in Palm Beach Gardens.


Andy Dugard 

Stage Kitchen & Bar joins Fabio Trabocchi’s Fiolina Pasta HousePubbelly Sushi and El Camino as Restaurant Row’s tenants. Fiolina and El Camino opened in late 2023, and Pubbelly is scheduled to open this summer.

Chris Haass

“We are thrilled to finalize our lease with Chef Pushkar Marathe’s Stage Kitchen & Bar concept to round out the incredible roster at Restaurant Row,” PEBB Enterprises President and CEO Ian Weiner said.

“We accomplished our mission to elevate the quality of dining options in the city we call home. The end result is four distinct and complementary concepts with passionate followings.”

       Stage Dining Room, Restaurant Row, Boca Raton, FL
  
Born in Nagpur, India, Marathe’s culinary roots originate in the rich flavors of his homeland. At 20, he began his culinary training in Switzerland before embarking on a decades-long exploration of international cuisine. Marathe gathered knowledge and inspiration from the far east of India to the western edge of California.

In 2020, Marathe and partner Andy Dugard opened Stage Kitchen & Bar in Palm Beach Gardens. The restaurant was recognized by USA Today’s Best Restaurants of 2024. In 2023, Marathe was nominated “Best Chef: South” semifinalist by the James Beard Foundation.

Restaurant Row, Boca Raton, FL

The Restaurant Row location “will have the beautiful fingerprint of our designer, Anna Woodman, and our flavor-forward, globally influenced cuisine,” Marathe said.

Chris Haass of Cohen Commercial represented the tenant in the lease.

 

CONTACT:

Daniel Benjamin

Account Director

dbenjamin@boardroompr.com

C 954-618-8287

O 954-370-8999

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