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The full-service hotel is in phase one of a mixed-use development in Southlake that will span 16 acres, wherein the hotel will span five acres with 240 guest rooms and 10,000 square feet of meeting space.
The firm reports it is now accepting investors for its first property, The Ewing Hotel in West Cape May. The boutique luxury hotel is scheduled to open in 2021.
The hotel investment and management firm has acquired and will operate the 127-room Courtyard by Marriott Madison East, the 130-room Fairfield Inn & Suites Madison East and the 115-room Hampton Inn Madison East Towne Mall Area.
Locale is offering its boutique hospitality concept at The Landing, a new 263-unit complex in Dogpatch, accommodating guests seeking stays of 30 nights or more with choices ranging from one to three bedrooms.
Construction loans can be tricky, especially if it's a hotel you're dreaming of. Mike Jaynes with HALL Structured Finance provides some tips on how to get to closing.