ATLANTA, November 14, 2017 – Hunter Hotel Advisors announced today that they represented the owners of the Hyatt Place New Orleans Convention Center in the sale of the 170-room hotel. Built in 1996, the hotel underwent an $8.8 million renovation to convert to a Hyatt Place, reopening in March 2012. A New York City-based private equity group purchased the hotel and was attracted to the investment due to its in-place cash flow and its location in downtown New Orleans’ Arts District, directly across from the Ernest N. Morial Convention Center. Teague Hunter, President of Hunter Hotel Advisors, handled the transaction out of company’s headquarters in Atlanta, GA.
San Francisco-based interior design firm BAMO will spearhead the latest renovations of the Galleria Park Hotel. Located in the San Francisco’s Financial District, the Joie de Vivre property from Two Roads Hospitality will feature a redesign inspired by the 1911 landmark structure’s Art Deco bones unveiled in two phases later this month and in early 2018.
All 177 guestrooms and eight suites will reveal a new look later this month with custom furnishings, a neutral-toned palette, and eclectic accents for a sophisticated and glamorous look. Highlights include small-scale irregular dot wallpaper, painterly expressionist carpeting in warm tones, marble-topped desks, warm wood venetian blinds, and splattered antiqued mirrored surfaces.
La Jolla, CA –Interwest Capital is pleased to announce the purchase of Treasures on the Bay, located in North Bay Village, Miami FL. (1900 S. Treasures Dr. North Bay Village, FL 33141)
Treasures on the Bay is a hi-rise three-building project beautifully situated between Miami and Miami Beach in North Bay Village. The hi-rise buildings are a mix of one, two, and three bedrooms located on the water in the middle of Biscayne Bay. The buildings offer stunning open water views of both Miami and Miami Beach, the project affords Interwest and its partners the opportunity to dramatically transform and reposition the project.
La Jolla, CA – Interwest Capital Group, through its affiliates, are pleased to announce the acquisition of the Claridge Hotel in Chicago, IL.
Originally constructed in 1923 as the historic Claridge Hotel, the property was repositioned to InterContinental Hotel Group’s Claridge Hotel in May 2005. Featuring 165 guest rooms, the 12-story Claridge Hotel is ideally situated in the heart of Chicago’s affluent Gold Coast neighborhood; steps from downtown Chicago’s renowned Magnificent Mile and less than two blocks from the nightlife and entertainment intersection of Rush and Division Streets.
La Jolla, CA — Interwest Capital Corporation is pleased to announce the acquisition of the Hilton Garden Inn Hotel in Lake Oswego, Oregon. Interwest is excited to have engaged Evolution Hospitality, a leader in the hospitality sector, as management of the hotel, adding another asset to their expanding relationship.
The Hilton Garden Inn was originally constructed in 2000 in the highly affluent Portland suburb of Lake Oswego and underwent a room renovation in 2005 and a lobby renovation in 2013. The Hilton Garden Inn is one of only 3 hotels located within the 2.3m square foot Class A Kruse Way Business Park, and walking distance from Seven of Lake Oswego’s Top Ten Largest Employers. “We are excited about our first acquisition within the greater Portland area, and more specifically the tightly held Lake Oswego market. Interwest as a company has long targeted this submarket of Portland and this hotel represents a unique opportunity for Interwest to make a long-term investment in a market leading asset, that we feel will only improve through the insertion of Evolution Hospitality Management and the upcoming room renovation in 2016” said Chris Meredith, Director of Acquisitions for Interwest Capital Corporation. “The hotel’s strategic location in the heart of the Kruse Way Business Park and easy access off the I-5 HWY, makes this property the most attractive option in the area for corporate accommodations and leisure travel alike,” he added.
The 179-room Hotel offers well-appointed guest rooms, 1,200sf of meeting facilities, a fitness studio, a business center, and a variety of food and beverage options with the Garden Grille restaurant and the Pavilion Pantry convenience mart. An approximate $3m take-over Property Improvement Plan will be implemented in 2016 with a specific focus on the latest V 8.0 Hilton Garden Inn guestroom experience.