Concord Hospitality Brings Hyatt Place to Jacksonville

The property will be located at The Strand at St. Johns Town Center, a 45-acre, mixed-use development comprising residential, retail, restaurant and hotel space. Hyatt Place Jacksonville Concord Hospitality began construction on Hyatt Place Jacksonville, a 160-key hotel scheduled to open in late 2018. The five-story property will feature the Gallery, which will offer 3,000

Investors: We’re Ready to Spend on CRE

Investors expect to pour money into commercial real estate this year, according to CBRE’s “Global Investor Intention Survey 2017.” “The sum total of planned capital expenditure by investors is $1.7 trillion,” the report finds. “Investors will not be able to deploy all of this capital, but the figure illustrates the potential capital available for real

LaSalle Hotel Properties unloads three hotels for $218.9M

LaSalle Hotel Properties sold two hotel assets and is under contract to sell a third hotel for a combined $218.9 million in proceeds. The properties included in the transaction are as follows: Lansdowne Resort for $133.0 million. The company acquired the resort in June 2003 for $115.8 million. Alexis Hotel for $71.6 million. The company

Universal Orlando has filed documents with the city showing that its former Wet ‘n Wild property will be developed for new hotel use, with 4,000 rooms.

Universal filed a master-plan framework with few details. A sketch with the filing also shows three parking structures on the property, and indicates that Universal wants a portion of a street, Precision Drive, vacated. Tom Schroder, vice president for public relations at Universal Orlando, declined to provide more details Tuesday. Demolition work was to be