The hotels, a SpringHill Suites and a Fairfield Inn & Suites, both brands of Marriott International Inc., have 200 rooms each and were developed in a joint venture with Ed Lee LLC. Grove Street originally bought its site adjacent to SeaWorld's 59-acre Aquatica waterpark nearly two years ago and started construction in March 2008.
"Despite the challenging economy, these hotels have opened with strong early demand," says Jim Stormont, a partner in Grove Street. He believes the hotels will produce strong profits and room revenue for the new owner, adding that this is his firm's first transaction with Apple.
Both hotels share various amenities including a pool, fitness center, bar and grill, children's playground and SeaWorld-themed water features.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
