TownePlace Suites

Indian Pueblo Cultural Center's New Hot Air Balloon, Eyahne on the Horizon, Will Take to the Skies for Its First Albuquerque International Balloon Fiesta

Retrieved on: 
Wednesday, September 29, 2021
Indian Pueblo Cultural Center, Partnership, Running, Starbucks, Dignity, Woman, People, IPMI, Culture, Indigenous Peoples' Day, Jewellery, Albuquerque International Balloon Fiesta, FAA, IPK, CEO, Holiday Inn Express, TownePlace Suites, IPCC, Fiesta, I-40, Celebration, Lifting, History, VP, Community engagement, Horizon, Adaptation, Extra Space Storage, Natural rubber, Nightclub, Entertainment, Film

ALBUQUERQUE, N.M., Sept. 29, 2021 /PRNewswire-PRWeb/ -- The Indian Pueblo Cultural Center's new hot air balloon, Eyahne On The Horizon, will take to the skies for its first Albuquerque International Balloon Fiesta, which takes place Oct. 2-10, 2021.

Key Points: 
  • ALBUQUERQUE, N.M., Sept. 29, 2021 /PRNewswire-PRWeb/ -- The Indian Pueblo Cultural Center's new hot air balloon, Eyahne On The Horizon, will take to the skies for its first Albuquerque International Balloon Fiesta, which takes place Oct. 2-10, 2021.
  • The balloon made its maiden voyage in Albuquerque in September 2020 and serves as a proud ambassador for the Indian Pueblo Cultural Center (IPCC).
  • "We took delivery of our balloon in 2020 and had planned for last year's Balloon Fiesta to be Eyahne's first.
  • The Indian Pueblo Cultural Center is located at 2401 12th Street NW, just north of I-40 in Albuquerque.

Affiliates of Paceline Equity Partners Acquire Two Hotels in Charlotte, North Carolina

Retrieved on: 
Tuesday, September 28, 2021
Professional Services, Commercial Building & Real Estate, Finance, Lodging, Construction & Property, Travel, List of highways numbered 521, LLC, TownePlace Suites, Leigh, History, Investment, Travel, Hotel

Affiliates of Paceline Equity Partners, LLC (Paceline), a Dallas-based private equity manager, today announced that they have acquired two limited-service hotels in the Charlotte Metro Area, the Holiday Inn Express & Suites Charlotte Ballantyne and the TownePlace Suites Charlotte Fort Mill.

Key Points: 
  • Affiliates of Paceline Equity Partners, LLC (Paceline), a Dallas-based private equity manager, today announced that they have acquired two limited-service hotels in the Charlotte Metro Area, the Holiday Inn Express & Suites Charlotte Ballantyne and the TownePlace Suites Charlotte Fort Mill.
  • Paceline is pleased to identify high-quality, newly constructed hotel assets in the thriving Ballantyne submarket, which is backed by strong demand drivers.
  • Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity.
  • Prior to the formation of Paceline, the senior leadership team worked together for approximately 10 years at a global private equity manager and its affiliates.

Naples Hotel Group's New 112-Suite Hotel Opens Its Doors in Leesburg, FL

Retrieved on: 
Wednesday, September 8, 2021

Located at 238 Eagles Watch Street, it will operate as a Marriott franchise, owned by Venetian Hotel Holdings LLC of Leesburg, FL and managed by Naples Hotel Group of Naples, FL.

Key Points: 
  • Located at 238 Eagles Watch Street, it will operate as a Marriott franchise, owned by Venetian Hotel Holdings LLC of Leesburg, FL and managed by Naples Hotel Group of Naples, FL.
  • Naples Hotel Group is a hotel development and management company based in Florida and prides itself on building long-term relationships with quality people and organizations.
  • The Naples, FL hotel group specializes in Hotel Management and Development of upscale limited and select-service hotels.
  • Naples Hotel Group has achieved superior results and has a proven ability to enhance hotels' performance by using their experience, responsiveness, and extensive resources.

Chatham Lodging Trust Acquires High-Quality Extended-Stay Hotels in Austin, Texas

Retrieved on: 
Wednesday, August 4, 2021
Commercial Building & Real Estate, Construction & Property, Consulting, Urban Planning, REIT, Professional Services, Lodging, Destinations, Travel, Hospitality industry, Travel, Tourism, Hotel, TownePlace Suites, RevPAR

Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that the company has acquired in an off-market transaction two, high-quality, premium-branded hotels comprising 269 rooms at the Domain in Austin, Texas, for $71.2 million, or approximately $265,000 per room (the Austin Acquisitions).

Key Points: 
  • Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that the company has acquired in an off-market transaction two, high-quality, premium-branded hotels comprising 269 rooms at the Domain in Austin, Texas, for $71.2 million, or approximately $265,000 per room (the Austin Acquisitions).
  • The acquired hotels include the 132-room Residence Inn Austin Domain, which opened in July 2016, and the 137-room TownePlace Suites Austin Domain, which opened in June 2021.
  • Strategically, our acquisitions are aimed at increasing further our exposure to premium-branded, extended-stay hotels, enhancing portfolio RevPAR and reducing the average age of our portfolio.
  • Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels.

Commonwealth Hotels Appoints Katie Niccum as Director of Sales and Marketing of The TownePlace Suites by Marriott Indianapolis Downtown

Retrieved on: 
Tuesday, July 6, 2021
TownePlace Suites, OpenTravel Alliance, Hospitality industry, Marriott International, Travel, Hotels, Indianapolis Marriott Downtown, Marriott

COVINGTON, Ky., July 6, 2021 /PRNewswire/ --Commonwealth Hotels announced today that Katie Niccum has been appointed the director of sales and marketing of the TownePlace Suites by Marriott Indianapolis Downtown.

Key Points: 
  • COVINGTON, Ky., July 6, 2021 /PRNewswire/ --Commonwealth Hotels announced today that Katie Niccum has been appointed the director of sales and marketing of the TownePlace Suites by Marriott Indianapolis Downtown.
  • Ms. Niccumbrings a wealth of sales, marketing, and hospitality experience to her new role as director of sales and marketing having previously served as the area director of sales for Arbor Lodging.
  • "Katie is extremely knowledgeable and brings extensive proficiency in generating best in class hospitality," said Jennifer Porter, Chief Operating Officer for Commonwealth Hotels.
  • Most recently prior to joining the TownePlace Suites by Marriott Indianapolis Downtown, Ms. Niccum held various positions with Arbor Lodging including director of sales, and market manager.

American Lending Center Celebrates Successful Opening of TownePlace Suites in Downtown Indianapolis

Retrieved on: 
Thursday, April 8, 2021
Commercial Building & Real Estate, Construction & Property, Finance, Urban planning, Banking, Professional services, Small business, Lodging, Travel, TownePlace Suites, Loans, Credit

American Lending Center (ALC), a licensed non-bank lender, celebrated the official opening of TownePlace Suites in downtown Indianapolis on March 12th.

Key Points: 
  • American Lending Center (ALC), a licensed non-bank lender, celebrated the official opening of TownePlace Suites in downtown Indianapolis on March 12th.
  • We are hopeful that via strategic foreign investment we can help boost tourism and stimulate economic growth in downtown Indiana and beyond.
  • Since opening their doors, TownePlace Suites has increased capacity daily.
  • American Lending Center (ALC) is a licensed non-bank lender that has provided over 500 million dollars to American ventures and created nearly 40,000 full-time jobs throughout the US.

Theia Interactive and The Gettys Group Turn to Collaborative VR to Streamline the Design Process

Retrieved on: 
Tuesday, April 6, 2021
TownePlace Suites, Theia, Nvidia, Visualization, Gettys, Academic disciplines, Computing, Companies

The TownePlace Suites in downtown Nashville was no different, so design and development team The Gettys Group turned to visualization experts Theia Interactive to help give it an advantage.

Key Points: 
  • The TownePlace Suites in downtown Nashville was no different, so design and development team The Gettys Group turned to visualization experts Theia Interactive to help give it an advantage.
  • By taking advantage of new technologies like VR and game engines, we can provide designers more flexibility at a fraction of the cost, changing how hospitality design is done.
  • The TownePlace Suites marks the latest in a series of collaborations between Theia and The Gettys Group dating back to 2017.
  • Theia has created award-winning projects for companies such as Epic Games, HP, Mohawk Group, NVIDIA, Suffolk Construction and Toll Brothers.

TownePlace Suites Indianapolis Downtown opens alongside start of NCAA Basketball Tournament

Retrieved on: 
Tuesday, March 9, 2021
Hospitality industry, Travel, Tourism, TownePlace Suites, Suite, Indianapolis, Hotel

COVINGTON, Ky., March 9, 2021 /PRNewswire/ -- Commonwealth Hotels is excited to announce the TownePlace Suites Indianapolis Downtown opened its doors to guests today.

Key Points: 
  • COVINGTON, Ky., March 9, 2021 /PRNewswire/ -- Commonwealth Hotels is excited to announce the TownePlace Suites Indianapolis Downtown opened its doors to guests today.
  • "We are thrilled to open a TownePlace Suites in the heart of Downtown Indianapolis," Jennifer Porter, newly-appointed Chief Operations Officer, said.
  • "Providing downtown guests with focused amenities to enhance longer visits will be a wonderful addition to the Indianapolis market."
  • Every room in the TownePlace Suites Indianapolis Downtown includes a fully-equipped kitchen, complimentary WiFi and new, plush bedding.

New 96-Suite Hotel Opens its Doors Welcoming Guests to the Downtown Tampa Area

Retrieved on: 
Friday, January 29, 2021
Geography of Florida, Neighborhoods in Tampa, Florida, Downtown Tampa, Tampa, Florida, TownePlace Suites, Florida

The new 96-suite hotel is built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the Downtown Tampa area.

Key Points: 
  • The new 96-suite hotel is built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the Downtown Tampa area.
  • All service team members are thoroughly trained on local knowledge and look forward to connecting guests to the local area.
  • The hotel brand's signature floor-to-ceiling TowneMap also helps guests instantly acclimate to the area by featuring great places to eat, play, and live.
  • The TownePlace Suites Tampa East/I-4 is located just minutes from Downtown Tampa and 25 minutes from Tampa International Airport.

Service Properties Trust Terminates Agreements with Marriott for 122 Hotels

Retrieved on: 
Wednesday, October 7, 2020
Professional services, Commercial Building & Real Estate, Lodging, Finance, Construction & Property, Travel, REIT, Hotels, Hospitality industry, Travel, Marriott International, OpenTravel Alliance, TownePlace Suites, Residence Inn by Marriott, SpringHill Suites, Marriott

Service Properties Trust (Nasdaq: SVC) , or SVC, today announced that it has terminated the management agreements for 122 hotels with Marriott International, Inc. (NYSE: MAR), or MAR.

Key Points: 
  • Service Properties Trust (Nasdaq: SVC) , or SVC, today announced that it has terminated the management agreements for 122 hotels with Marriott International, Inc. (NYSE: MAR), or MAR.
  • SVCs agreements with MAR cover 122 hotels (2 Marriott, 2 Springhill Suites, 12 TownePlace Suites, 35 Residence Inns, 71 Courtyards) in 31 states, currently require annual minimum returns of $194.6 million and currently expire in 2035.
  • Pursuant to its existing agreement with MAR, SVC is proceeding with the sale of 24 of the 122 Marriott branded hotels.
  • Service Properties Trust is a real estate investment trust which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries.