stayAPT Suites’ Post

The former Le Méridien hotel at 333 Battery St. is undergoing a significant transformation. After a $221 million sale, it's being rebranded as "The Jay" and is set to be opening in September. A few key takeaways: 🔹 KHP Capital Partners, the new owners, are not just renovating; they're reimagining the space with a new lobby, fitness center, meeting rooms, and a complete overhaul of all 360 guest rooms. 🔹 Two new restaurants are set to open. 🔹 Building permits indicate construction costs nearing $9.5 million, but the actual investment is significantly more, emphasizing the commitment to quality and guest experience. #SanFrancisco #LandDevelopment #RealEstate #HotelIndustry #Innovation #BayArea

The $6 Billion Preston Harbor Development, Margaritville Resort Planned: The ambitious Preston Harbor project, a $6 billion mixed-use development on Lake Texoma, is set to transform the region into a vibrant hub of luxury and leisure. Anchored by a $100 million Margaritaville resort, this 3,100-acre development in Grayson County, just 75 miles north of Dallas, represents a significant milestone in the area's growth and development. Key Highlights: Massive Scale: Spanning over 3,100 acres, Preston Harbor is poised to become one of the largest developments in North Texas, featuring over 7,500 homes, from high-end estates to apartments. Strategic Partnerships: The project is a collaboration between McKinney developer David Craig, the Choctaw Nation of Oklahoma, N9 Capital Partners, and hospitality veteran Dave Johnson, showcasing a strong alliance of industry leaders. Margaritaville Resort: The development's centerpiece, a $100 million Margaritaville resort, will offer a unique blend of luxury and leisure with 250 hotel rooms, restaurants, entertainment venues, and waterfront amenities. Comprehensive Development Plan: Beyond the resort, the project includes large residential districts, a town center, and a marina, all designed to enhance the living experience and boost the local economy. The Preston Harbor is just another reason why we remain bullish on this corridor, offering unparalleled opportunities for investors and developers alike. https://lnkd.in/g9qRT4eu #landdevelopment #CRE #dfwrealestate

After 12 years of real estate development, working on 1000+ multifamily units and hospitality projects, I decided to leverage that experience and follow my passion. I started a microhotel brand, Ritz and Hammock. Why I believe this makes sense in today's market: 1. Proven concept, a recession-proof model, which provides budget high-quality accommodation. Successful upscale hostel brands like Generator/ Freehand are expanding rapidly in the US. 2. Converting existing underutilized commercial space is faster and cheaper process. Our estimate is 70%-80% in construction savings compared to new construction. Microhotel requires less plumbing infrastructure and fewer standards than a residential conversion. No new square footage is made. 3. Great timing on the market to negotiate a favorable land deal or long-term lease. 4. San Diego has the highest occupancy rates in the nation - an average of 86%. 5. Boutique upscale hostels have lower operating expenses than traditional hotels, such as less staffing, and lower overhead. Let me know if you are interested in learning more.

How can you turn your hotel room into a five star experience using staging hacks? Check out this new article we're featured in. https://loom.ly/BVz2vwo

Be sure to check out this great article written by my colleague, Patricia Shih about the recovering hotel industry in Brooklyn post-pandemic!

446 New Dwelling and Hotel Units: Two Taylor Rezonings Make it Possible Read the full article below..

🌟 Exciting Opportunity Alert! 🌟 Looking to invest in the booming accommodation industry? Multi-award-winning Motel Molly is now up for sale! AccomProperties This meticulously refurbished and maintained property boasts a stellar reputation and a loyal customer base. Learn more about Molly in AccomNews 👇 #AccommodationIndustry #InvestmentOpportunity #MotelForSale #HospitalityInvestment #AccomNews

Hoteliers, we know you are busy getting ready for those “Dogs Days of Summer”. But if the condition of your guestroom FF&E is keeping your guest reviews in the doghouse, then make the sustainable and affordable decision to refresh your existing guestroom FF&E! During a guestroom soft goods renovation, PIP, or full Capex renovation, it is important to understand the impact on a greater scale that replacing furniture will have on your hotel and the community around you. It is important to be proactive and not reactive when it comes to your FF&E. Replacing furniture impacts the budget greatly because of additional costs including: • Taxes • Shipping • Storage • Labor • Installation • Disposal fees and many more. But what if YOU CAN ELIMINATE THESE COSTS and take these substantial savings and reinvest those dollars back into your hotel for your guests? Well, you can! When you make the sustainable and cost-effective decision to refinish your existing case goods, you not only make a positive and immediate impact on your budget, but you decrease your hotel C02 footprint dramatically. This provides more dollars to reinvest into updated systems, operations, technology, training, amenities and much more in your hotel. The Refinishing Touch® provides experienced recommendations to help you eliminate costly FF&E decisions. With over 8,000 completed hotel renovations and 47 years of experience, we are the experts in fully refinishing your guestroom furniture and maintaining your existing assets. As the trusted and Preferred Supplier for HILTON and more, we are here to help make your guestroom renovations successful. Call Jeanne Shannon at 1.800.523.9448 to discuss your guestroom renovations. Visit https://lnkd.in/dnEzbNn to learn more. #maintainassets #fullyrefinish #savings #sustainability #reduceCO2

Hoteliers, we know you are busy getting ready for the “Dogs Days of Summer”. But if the condition of your guestroom FF&E is keeping your guest reviews in the doghouse, then make the sustainable and affordable decision to refresh your existing guestroom FF&E! During a guestroom soft goods renovation, PIP, or full Capex renovation, it is important to understand the impact on a greater scale that replacing furniture will have on your hotel and the community around you. It is important to be proactive and not reactive when it comes to your FF&E. Replacing furniture impacts the budget greatly because of additional costs including: • Taxes • Shipping • Storage • Labor • Installation • Disposal fees and many more. But what if YOU CAN ELIMINATE THESE COSTS and take these substantial savings and reinvest those dollars back into your hotel for your guests? Well, you can! When you make the sustainable and cost-effective decision to refinish your existing case goods, you not only make a positive and immediate impact on your budget, but you decrease your hotel C02 footprint dramatically. This provides more dollars to reinvest into updated systems, operations, technology, training, amenities and much more in your hotel. The Refinishing Touch® provides experienced recommendations to help you eliminate costly FF&E decisions. With over 8,000 completed hotel renovations and 47 years of experience, we are the experts in fully refinishing your guestroom furniture and maintaining your existing assets. As the trusted and Preferred Supplier for HILTON and more, we are here to help make your guestroom renovations successful. Call Jeanne Shannon at 1.800.523.9448 to discuss your guestroom renovations. Visit https://lnkd.in/dnEzbNn to learn more. #maintainassets #fullyrefinish #savings #sustainability #reduceCO2

Panoramic Holiday Apartment Explore all of Nuwara Eliya and its neighboring adventures with a stay at Every effort is made to make guests feel comfortable by providing the best in services and amenities. Keep up with all your communications easily with the serviced apartment's free Wi-Fi. Getting from and back to the airport can be easily arranged with the serviced apartment's airport transfer services. Guests can enjoy free parking right at the serviced apartment. Front desk service is provided at the serviced apartment including safety deposit boxes. Packing light is possible at Designed for comfort, all guestrooms offer a range of amenities to ensure a restful night. For your comfort, some rooms at the serviced apartment are equipped with air conditioning. Some rooms at In some select rooms, you can find a refrigerator at your disposal. It's good to know that a hair dryer and toiletries are provided in some guest bathrooms. Drop in to the executive lounge for some high-end services in a luxury environment. Do you prefer to cook your own meals? Then you'll love the in-house shared kitchen. Experience all the sights and local attractions of Nuwara Eliya with Find some of the city's best deals here with rooms 96% cheaper than other options. Past guests love the cleanliness here, ranking it higher than 92% of the city's accommodation. Guests who stayed here really appreciated the room comfort, scoring it higher than 96% of accommodations in the city. #panoramicholidayapartment #hotelkdm