Oct
08

Hotel Management: Hyatt Place California

Scope of Work:

Hotel Management & Consulting: Hyatt Place, 100-rooms  Delano, California

Description of Project:

HTL Hospitality Advisors is pleased to announce that it has entered Hotel Developmentinto an agreement to provide pre-opening consulting services for the development of the proposed, upscale focused service, 100-room, Hyatt Place – Delano, California. HTL Hospitality Advisors has also been selected by the developer and approved by Hyatt Hotels to operate the proposed property pursuant to a long-term management agreement. The proposed hotel will have approximately 4,000 square feet of indoor meeting space and an additional 2,500 square foot garden courtyard for hosting outdoor functions.  Additionally, the four story, hotel will have a café with veranda, pool with hot tub and a fitness center. The property located along Highway 99 just north of Bakersfield will be part of the existing Delano Marketplace regional shopping center, which serves as the commercial hub for the area.

Project Status:

For additional information please contact Joel Hiser at 415-925-8801 or via email at .

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Aug
24

Mark Beadle:Hotel Broker Atlanta, Georgia - Another Successful Escrow Closed

Scope of Work:

Mark Beadle a Hotel Broker: Just Sold-Guest House Westside – Savannah, Georgia Sold

Description of Project:

Mark Beadle a Hotel Broker with HTL Hospitality Advisors located in Atlanta Georgia is pleased to announce the recent sale of the Guest House Westside in Savannah, Georgia.   The sale of the 88-unit extended stay lodging facility closed on July 27th.  HTL represented the seller, Chatham Anderson, Inc in this transaction.  The buyer, DIA Investments, LLC will initially operate the property as is and plans to reposition the facility over time.  The property was operating at occupancy percentages in the mid 50’s and an ADR in the low 30’s.  The property traded at approximately two times room revenue and was an all cash transaction.

Project Status:

For additional information please contact Mark Beadle at 770-971-3005 or via email at .

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3054 Hits
Aug
20

Hotel Broker Mark Beadle Successful Escrow Closed Savannah, Georgia

Scope of Work:

Mark Beadle a Hotel Broker: Just Sold-Guest House Southside – Savannah, Georgia 

Description of Project:

Mark Beadle a Hotel Broker in Atlanta Georgia with HTL Hospitality Advisors is pleased to announce the recent sale of the Guest House Southside in Savannah, Georgia.   HTL represented the seller, a local Savannah individual in the transaction, which saw the 102-unit extended stay property close on July 27th.  The buyer of the property was a Savannah based investment entity.   The buyer plans a complete renovation of the hotel as part of its plan to reposition the property within the marketplace.  The operating statistics for the property reflect that the hotel ran high 50’s and mid 30’s occupancy and average daily rate respectively.  The property traded at about a two times room revenue multiple.  Financing for this transaction was provided through South Coast Bank & Trust in Brunswick, GA.  

Project Status:

For additional information please contact Mark Beadle at 770-971-3005 or via email at .

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2295 Hits
Aug
18

Hospitality Consulting: City of Garden Grove, California

Scope of Work:

Hospitality Consulting Garden Grove, California

Description of Project:

Florida T. Booth, a Hotel Consultant with HTL Hotel Advisors is currently working with the City of Garden Grove to attract non-Disneyland related tourism activity and subsequent tax dollars to the city.  The relationship has been on-going, beginning in the planning stages for proposed entertainment venues on redevelopment sites in the city, analyzing proposed subsidies and potential returns to the city, as well as reviewing entertainment concepts/options and optimal facilities.  One of these projects, a Great Wolf Water Park hotel, is scheduled to open in 2016.

Project Status:

For additional information please contact Florida Booth at 415-925-8800  or via email at .

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Aug
07

Hotel Appraisal & Hospitality Consulting Lake Tahoe California

Scope of Work:

Hospitality Consulting & Hotel Appraisal, Lake Tahoe, CA

Description of Project:

Florida T. Booth, a Hotel Consultant with HTL Hotel Advisors, performed a Hotel appraisal of a nationally known resort in the Lake Tahoe region of California to estimate the market value of the fee simple interest in the public space and related management fee income from the hotel condominium units.  Further, our research and analysis included the separation of business income from the management of the condominium units from the market value to successfully challenge the County’s real property tax assessment.  In addition, the report estimated the value of the development rights for an entitled parcel of land on the site.

Project Status:

For additional information please contact Florida Booth at 415-925-8800  or via email at .

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Of this we are certain, no one is better qualified and positioned to assist clients in succeeding with their hotel, tourism and leisure projects, assets and investments than the hotel experts at HTL Hospitality Advisors.

Call us today at (415) 925-8800