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ORLANDO-The most successful hotel operation in the United States is doubling its room count to 574 rooms this year at Walt Disney World to meet existing demand. The Army-owned and operated hotel, 99% occupied, is not open to the general public.
DENVER-Mile High Properties LLC senior managing director Brad Neiman says 107 properties priced at least $1 million sold for $1.024 billion in 2001, with another $750 million in unsold product sitting on the sidelines.
GRAND COUNTY, CO-The ski resort owned by the city of Denver posts attendance boosts in December 2000 in the face of the recession, air travel worries and a moderate snow fall.
WASHINGTON, DC-Marriott International, Inc. sells off eight of its properties to CNL Hospitality Corp. for $181 million. Marriott will continue to manage the hotels.
JAMAICA, NY-Hilton Hotels Corp. marks its first venture into the New York metro market with the opening of a 110-room Doubletree Club Hotel near JFK Airport. Hersha Hospitality Management will run the property under a franchise agreement with Hilton Hotels Corporation.
SCOTTSDALE, AZ-The Promenade's reputation snags Benihana Inc., which has signed a long-term lease for 8,200 sf. A company contact, mum about other Arizona locations, stresses the elite chain uses a highly selective process to decide location.
SHAKOPEE, MN-The company will sell a 490,000-sf unfinished manufacturing facility and a 106-acre site, as well as sublease space at two other buildings. A Colliers Towle Real Estate team wins the assignment.
SAN DIEGO-The 150,000-sf center will be the largest academic building on campus. It is scheduled for completion in spring 2003. Coca-Cola has donated $250,000 to the effort.
HOUSTON-Jim Coleman Co., a car wash equipment manufacturer, buys five acres for an expansion near its existing facility in the northwest submarket, the city's hottest for industrial product. Manufacturing and warehouse space are on the buyer's docket.
CHESTERFIELD TOWNSHIP, MI-Troy Tube and Manufacturing is using state bonds to buy a 66,000-sf building for $2.6 million. The renovated facility will create at least 10 jobs, company officials say.