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Renaissance Tampa Gets in U.S. News’ 2014 ‘Best Hotels’ Ranking

30 Jan 2014, 8:28 pm

By Balazs Szekely, Associate Editor

Renaissance Tampa International Plaza Hotel in the Sunshine State earned a place among the best hotels in in U.S. News & World Report’s 2014 list. The publication honors properties that are renowned in the travel industry for their luxury amenities and quality customer service.

Renaissance Tampa International Plaza Hotel has been chosen as one of the best hotels in Florida and the number-one hotel in Tampa. “It is an honor to be recognized by such an esteemed publication and we look forward to continuing to inspire discovery for our many guests from around the world,” Jim Bartholomay, general manager, said in a statement.

The 8-story hotel is located in International Plaza, minutes from the business district, convenient to downtown, shops, dining, beaches and the Tampa Airport. It features 287 rooms, 6 suites, 15 meeting rooms totaling 12,500 square feet of meeting space. Services and amenities include on-site parking, wired and wireless internet access, safe deposit boxes, ATM, a full-service business center, a swimming pool etc. The management also provides profiles of local music, art and entertainment through the brand’s RLife LIVE program.

The Westshore facility is part of Marriott’s Renaissance Hotels portfolio. Marriott is an international lodging leader, with one of the broadest portfolio of brands in the industry and more than 3,700 properties.

The 2014 Best Hotels recognize hotels that were ranked by both travel experts and guests, based on online reviews and ratings. The industry awards that hotels receive were also factored in. In total, 1,693 U.S. hotels, 271 Caribbean hotels, 342 Mexican hotels and 223 Canadian hotels were evaluated for the 2014 rankings.  Hotels named “Best” are typically the properties that have made it in the top 30 percent of evaluated properties in their region.

Photo credits: Marriott

Pinellas Park’s Judy Ann Apartments Community Sold for $1.1M

15 Jan 2014, 8:46 pm

By Balazs Szekely, Associate Editor

Marcus & Millichap Real Estate Investment Services’ Tampa office has recently announced the $1,100,000 sale of a 20-unit Pinellas Park community, Judy Ann Apartments.

Marcus & Millichap’s brokers represented both the seller – a local limited liability company – and the Brandenton-based private investor that bought the property. Michael Donaldson and Nicholas Meoli, senior associates in the Tampa office of the brokerage company marketed the property under an exclusive listing agreement. Earle Hyman, a senior vice president of investments in Marcus & Millichap’s Encino office in conjunction with the two brokers secured and represented the buyer in the transaction.

Built in 1983, the 20 two-bedroom one-bathroom apartment units are distributed in seven one-story buildings. Amenities include onsite parking and a common laundry facility. The community is located at 5501 70th Avenue North in Pinellas Park, Fla., on approximately 2.51 acres of land.

The M&M representatives are optimistic about the Tampa Bay apartment market’s rise and consider the investment a good choice in the long run. “The apartment market is continuing to grow stronger and national investors are targeting the Tampa Bay area,” said Meoli in a statement for the press.  “The investment community is foreseeing positive rental growth in 2014 which is driving demand and compressing cap rates for infill locations throughout the west coast of Florida,” Donaldson added.

Photo credits: Google Maps

Four La Quinta Hotels in Tampa To Be Managed By Hotel Equities

19 Dec 2013, 11:21 pm

By Balazs Szekely, Associate Editor

Hotel Equities, an Atlanta-based full-scale hotel management, development and consulting firm, has been selected to manage four La Quinta Inn & Suites hotels in the greater Tampa metro area.

The company represents more than 30 brands with a portfolio including over 40 properties nationwide.

The La Quinta Inn and La Quinta Inn & Suites brands cover more than 800 select-service hotels in the U.S. and abroad, operated by LQ Management L.L.C. The group has already worked with Hotel Equities. The 145-room La Quinta Inn & Suites Pittsburgh North in western Pennsylvania was the companies’ first joint project.

Jeff Palla, senior vice president Operations at La Quinta Inns & Suites said, “Building on an already strong partnership, we will look forward to more cooperative opportunities in the future.” The new 256-room augmentation includes La Quinta Inn & Suites Clearwater South, La Quinta Inn & Suites St. Petersburg Northeast, La Quinta Inn & Suites Tampa Central and La Quinta Inn & Suites Tampa South.

As a result of the addition, Hotel Equities is presently managing a total of 10 Florida hotels. “It gives us great flexibility and synergy here,said Vice President of Business Development Joe Reardon in a statement. “We are working with our ownership group to optimize opportunities and add value to these well-positioned Tampa hotel assets.  We are excited about even more growth in South Florida in the near future,” he added.

Photo credits: La Quinta Worldwide 

Carroll Purchases Three-Property Portfolio from Camden

5 Dec 2013, 10:30 pm

By Balazs Szekely, Associate Editor

Carroll Organization has recently acquired three multifamily properties: two communities in Tampa, Florida and one in Charlotte, N.C. Formerly owned by Camden Property Trust, the portfolio consists of Camden Bay Pointe and Camden Citrus Park in Tampa and Camden Habersham in Charlotte.

Founded in 2004 in Atlanta, Carroll Organization has raised over $300 million of equity with an investment portfolio of more than $1.2 billion. The latest acquisition marks Carroll’s first deals in Tampa and Charlotte.

Camden Bay Pointe is a garden-style community built in the mid-to-late ‘80s, consisting of 368 two-bedroom units in 29 two-story buildings. The property is located in the Westshore submarket on Memorial Highway just minutes from the Westshore business district, Tampa International Airport and International Plaza. Besides the walk-in closets, stackable washers and dryers, patios and balconies, residents benefit from access to a state-of-the-art fitness center, clubhouses, picnic areas, resident lounge, two swimming pools, lighted tennis courts, several on-site ponds with tropical landscaping and a car care center.

A few miles Northwest, on Sheldon Road, the 247-unit Citrus Park is still in close proximity to the aforementioned facilities. Built in the same period, in 1985, the garden-style complex boasts large one and two-bedroom homes also equipped with washer/dryers  and walk-in closets. Amenities include a clubhouse and resident lounge with coffee bar, a fitness center, sports courts, dog park, picnic areas with gas grills and tropical landscaping throughout.

Carroll said it would rebrand the recently acquired holdings and continue improving them through hands-on management and capital improvements. The communities will be renamed ARIUM Bay Pointe, ARIUM Citrus Park, and ARIUM Pineville.

Photo Credits: Carroll Organization (ARIUM Bay Pointe)

The Links at Rosedale Golf & Country Club Adds 221 New Home Sites

21 Nov 2013, 10:59 pm

By Balazs Szekely, Associate Editor

Located in Bradenton, Manatee County, Rosedale Golf & Country Club is an award-winning golf community established in 1993. Its newest phase, The Links, has recently been approved for an expansion with 221 home sites on a second site plan.

The Links is built on a 237-acre property and contains a total of 445 single-family home sites, many with premium water views. It has been designed to feature the mature woodlands and natural feel of the existing community. Rosedale officials declared that more than 50 percent of the original 224 parcels have been sold or reserved.

Being a resident of the community comes with the benefit of full access to all the amenities Rosedale has to offer such as the opportunity to purchase golf and tennis memberships. Full-service dining, meeting space, a private members’ lounge, snack bar, patio dining, a fitness center and Junior Olympic swimming pool are available at the community’s newly remodeled 22,000-square-foot clubhouse. Social memberships are mandatory with every home purchase.

Permitting of 45 houses on the new plot is already underway; some of them will be used as models and others as inventory homes or with sales pending. Rosedale Construction has applied for eight permits for current sales plus three inventory homes and one model. M/I Homes and Ashton Woods Homes have submitted 29 inventory homes and five models for permitting combined. John Cannon Homes has applied for one model permit for the time being, but already has plans for more.

Photo credits: Rosedale Realty, Inc

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