Hotels

L Catterton Real Estate and QIC Global Real Estate plan to reposition the shopping mall into a mixed-use complex with hotel, office, apartments and retail.

Merriman Anderson/Architects modified the existing building structure of the former office building to provide the new hotel lobby on the second floor, and new meeting and ballroom space on the 20th and 21st floors.

GFI reports it has sold the 10-story 198-key hotel property for $59 million to Inland Realty Group.

Tyler comes to Propark Mobility after serving as chief revenue officer for OPTii Solutions, an Austin, TX-based hotel housekeeping optimization software company.

A joint venture between Wexford Lodging Advisors and Trinity Private Equity Group plans to invest $17 million on upgrades at the property.

The final repositioning phase has recently been completed by Steven Kratchman Architect, upon the project’s initial phase completion in 2008.

Underlying hotel real estate values have held relatively steady while buyers have taken a more cautious outlook.

Summit Hotel Properties has entered into a joint venture with GIC, Singapore's sovereign wealth fund, to acquire assets that align with the company's current investment strategy and criteria.