AHC Hospitality’s Post

The iconic Quy Mill Hotel & Spa, situated in the rapidly growing Cambridge tech cluster and in its own grounds adjacent to one of the busiest junctions of the A14 is up for sale. And local planners have already sanctioned plans for a significant expansion to all the main areas of the complex, which is set on 11.6 acres. Councillors this year backed plans to almost double the number of guest bedrooms to 98 and massively increase the capacity of the restaurant from 36 to 200 covers. Cambridge agent for the deal, Jamie Green of DTRE LLP, says the Quy Mill Hotel and Spa represents a rare opportunity to acquire a superbly positioned, trading hotel with significant, consented development potential and located in one of the UK’s most sought after investment areas. The complex is set in the grounds of a former mill which can trace its history back to the Domesday Book. The property is principally arranged around the historic Grade II Mill House. Detached from the main building are a series of converted barns housing the majority of guest bedrooms, spa and health club; the grounds themselves include landscaped gardens, riverside nature walks and jogging trails. The property also features extensive car parking and a helipad – and there are plans to develop 63 EVC points. As a developed entity in the Green Belt on the eastern edge of the city, the site is considered suitable for alternative uses, subject to planning. Full article – https://lnkd.in/efKV34Pz

🚨 What’s going on with the old Dearborn Hyatt?! 🚨 The MASSIVE 18-story hotel and 23 acres just got quietly transferred to Willowbrook LLC, a mysterious company out of New Jersey. No plans have been announced, but with all the demolitions and redevelopments happening around Metro Detroit, could this landmark face the wrecking ball? 👀 I say bring back the luxury, add condos, and revive the old MONORAIL! 🛤️ But what do YOU think? Apartments, hotel, or something else? Drop your ideas in the comments! #MetroDetroit #DearbornMI #DetroitDevelopment #AbandonedPlaces #RealEstateNews #MovingMI #DetroitRealEstate"

"Boutique Hotel to Take Over Historic Nashville Building" Read the full article below..

We are delighted to present a fully entitled development site for a 121-room hotel in Superior, Colorado. As you may recall, the Marshall fire in 2021 tragically destroyed the Element Hotel, along with over a thousand homes and businesses. While the surrounding area has undergone significant redevelopment, this site was acquired by a developer with plans to construct a retail center. However, the city has expressed its preference for a hotel on the site. This development opportunity presents a substantial time and capital savings for a developer. Depending on the chosen brand, a buyer has the flexibility to utilize the existing footprint or even engage the previous architect to resubmit, utilizing the element brand. The site is fully entitled, with site work, impact fees, and utilities already in place. The hard and soft costs associated with the site are valued at over $2.5 million. Property Highlights: bit.ly/SuperiorCODevSite - 121 non-smoking guestrooms, fully entitled site - Substantial time and capital savings for a developer - Site work, utilities and impact fees in place - $2.5 million in hard and soft costs included with site For more information on this listing, contact the featured brokers below. Chris Kilcullen | Principal 303-250-8338  Chris.Kilcullen@avisonyoung.com Jeremy Cabe | Associate Broker / Marketing 478-394-2990 jeremy.cabe@avisonyoung.com #avisonyoung #avisonyounghospitality #hotels #hotelsforsale #CO #Coloradohotels

We are delighted to present a fully entitled development site for a 121-room hotel in Superior, Colorado. As you may recall, the Marshall fire in 2021 tragically destroyed the Element Hotel, along with over a thousand homes and businesses. While the surrounding area has undergone significant redevelopment, this site was acquired by a developer with plans to construct a retail center. However, the city has expressed its preference for a hotel on the site. This development opportunity presents a substantial time and capital savings for a developer. Depending on the chosen brand, a buyer has the flexibility to utilize the existing footprint or even engage the previous architect to resubmit, utilizing the element brand. The site is fully entitled, with site work, impact fees, and utilities already in place. The hard and soft costs associated with the site are valued at over $2.5 million. Property Highlights: bit.ly/SuperiorCODevSite - 121 non-smoking guestrooms, fully entitled site - Substantial time and capital savings for a developer - Site work, utilities and impact fees in place - $2.5 million in hard and soft costs included with site For more information on this listing, contact the featured brokers below. Chris Kilcullen | Principal 303-250-8338  Chris.Kilcullen@avisonyoung.com Jeremy Cabe | Associate Broker / Marketing 478-394-2990 jeremy.cabe@avisonyoung.com #avisonyoung #avisonyounghospitality #hotels #hotelsforsale #CO #Coloradohotels

Celebrating excellence in the industry, this article by Serviced Apartment News details the categories and nominees setting high standards in hospitality. 🏆🛋️ Get the scoop on the top contenders for this year’s Serviced Apartment Awards. #HospitalityExcellence #ServicedApartments #IndustryAwards

The City of Atlantic City is proud to support transformative projects like the redevelopment of the Orange Loop neighborhood! Thanks to a $1M grant from the New Jersey Economic Development Authority (NJEDA)'s Atlantic City Revitalization Grant Program, this exciting new project will feature: 🏨 A Monopoly-themed hotel to attract visitors and boost tourism 🛍️ Retail spaces to enhance the local economy 🌅 A rooftop deck offering unique experiences 🏠 Three-bedroom long-term rentals to meet growing housing demand This is just one example of how Atlantic City is embracing innovative developments that drive economic growth, enhance quality of life, and create opportunities for businesses and investors. Atlantic City is open for business, and we welcome forward-thinking investors and entrepreneurs to join us in shaping the future of this dynamic city. Now is the time to invest, develop, and grow here! 🔗 Learn more about this project in The Philadelphia Inquirer: https://bit.ly/3C6U0Sf #AtlanticCity #InvestInAC #EconomicDevelopment #Opportunity #NJEDA #BusinessGrowth #Investors #OpenforBusiness

Seeking co-sponsors or hospitality experienced equity partners for this development: Prime Development Opportunity: 7-Story Hotel in Columbus, Ohio Property Address: 278 South Glenwood Avenue, Columbus, OH 43223 Overview: Seize a prime investment opportunity in the rapidly growing Columbus market. This 0.1-acre site, currently zoned as a Manufacturing District, is set for a 7-story hotel development. We are seeking capital equity partners and co-general partner sponsors to collaborate on this project. With final zoning clearances and parking reduction approval pending, this is a unique chance to contribute to a transformative project, with groundbreaking targeted for 2025. Property Details: Appraised Value: $930,000 (Colliers report, July 2024, contingent on final zoning clearance) Current Status: Vacant land, zoned Manufacturing District (M) Proposed Development: Building Size: 22,500 GSF (Gross Square Feet) Hotel Rooms: 78 Height: Up to 7 stories or 70' by right Features: Rooftop amenity deck, lobby, and basement utilities Parking: Seeking a parking reduction variance to accommodate urban density and transit access and offsite parking within 750' Development Highlights: Zoning Status: Currently zoned Manufacturing District (M). We are applying for final zoning clearances to accommodate the hotel use and to reduce parking requirements. Parking Study: A comprehensive study supports a parking reduction, aligning with the transit-oriented location and existing on-street parking availability submitted for final BZA approval.  Hotel Features: The proposed 7-story hotel includes 78 rooms with modern amenities, catering to business travelers and tourists. Transit Accessibility: The site is located in a transit-oriented area with nearby bus stops, enhancing convenience for guests without personal vehicles. Community Impact: The development is expected to contribute positively to the local economy by creating jobs and providing additional accommodations for visitors. Investment Opportunity: Capital Partnerships & Co-General Partner Sponsors: Pink Development and Construction LLC is seeking equity partners or co-general partners to finance the project or cash sale buyout at full listing price. All joint equity proposals will be considered. Recapitalization Structures: Open to strategies to recapitalize and cover engineering and architectural plans, with a goal to break ground in early 2025 with delivery in early 2026. Financials & Due Diligence: Underwriting: Detailed financials and proformas are available for review. Pink Development and Construction LLC is committed to providing transparent and comprehensive data to assist in due diligence. Contact Robert Ellis at Pink Development and Construction LLC for more information about partnership opportunities, recapitalization options, and to review the financial overview. Rob Ellis Pink Development and Construction LLC 614-400-8762 Rob@pink-construction.com https://lnkd.in/gyiuZQwD

NEW DEVELOPMENT: Planning approval has been granted for a mixed-use development on Franklin Street which will include a 246-room hotel, 175 "stylish" apartments, and retail shops >> https://hubs.la/Q02_cvTv0

"Retail and Hotel Expansion Planned for Domain Apartments" Read the full article below..