NAPLES, Fla.—The Ritz-Carlton, Naples is announcing a summer 2013 refurbishment, the first of its kind in the resort’s 27-year history. Refurbishments will include a complete overhaul of all 450 guestrooms, suites and corridors, three dinning outlets, and the Artisans “princess ballroom,” as well as various structural, mechanical, and engineering upgrades throughout the property. During the two-month project, set to commence July 24, the resort will not be accepting any guests. While the resort is being
WICHITA, Kan.—Value Place unveiled a refreshed property standard that delivers cost efficiency and convenience for operators and new room features for guests. The new “Value Place 2.0” offers enhancements that range from more energy-efficient lighting and appliances to improved locking systems and expanded storage and counter space. Value Place’s property in Alpharetta, Ga., is the first location to incorporate the 2.0 features throughout the building. Intended as the established standard for all future development, the
OAK BROOK, Ill.—Inland American Lodging Group, a wholly owned subsidiary of Inland American Real Estate Trust, announced that it has acquired the six-story, 159-room Andaz San Diego, a boutique luxury hotel managed by Hyatt for a purchase price of $53 million, or approximately $333,000 per key. “We are very pleased to be adding this luxury asset to our portfolio,” said Marcel Verbaas, president and CEO, Inland American Lodging Advisor, Inc. “This purchase aligns with our
SAINT LOUIS—St. Louis-based hotel owner, operator, and developer, Midas Hospitality announced the development and management of a new Residence Inn by Marriott in Dublin, Ohio. The hotel is scheduled to break ground in the third quarter of 2013. Midas Hospitality has already begun to clear the site where an abandoned hotel existed. The $13 million, 4-story project will include 100-suites, an indoor pool, sport court, outdoor social area, and 500 square feet of meeting space.
Wyndham Partners With Margaritaville Hospitality Group for Vacation Club Concept
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Orlando, Fla.—Wyndham Vacation Ownership (WVO) and Margaritaville Hospitality Group have jointly announced plans to redevelop the former Grand Beach Palace Resort, located on the northeast side of St. Thomas in the U.S. Virgin Islands. Wyndham St. Thomas, a Margaritaville Vacation Club resort, is anticipated to open in late 2014 and will be the first resort of its kind. “There’s no lifestyle brand in the world that better represents what happens on vacation than Jimmy Buffett’s
