This was the appraisal of a 12-story, 325 guestroom hotel with 24,809 SF of meeting space. The property was located in the downtown and it shared a site with a 25-story office building. The property also contained a 180-seat restaurant & pub, fitness center, and had 108 parking spaces allocated to the hotel. A $3-million PIP renovation had recently been completed at the property.
An 11-story, 440-room hotel with 13.990 SF of meeting space. Located just off I-287 in Franklin Twp, Somerset County, NJ. The assignment contemplated the proposed repositioning of this troubled asset into a 220-room full-service, Crowne Plaza; a separate 100 room limited service hotel; as well as a 44,750 SF net leased wellness center.
The former Playboy Club Hotel & Resort - A 654-room facility in two 8-story wings with a 5-story central core, including 65,000 SF of meeting space, in-door and outdoor tennis courts, multiple restaurants, gift shops, retail outlets, and various other amenities. A number of the rooms had been converted over the years to condominiums, low-lost housing and time-share ownerships. The appraisal assignment contemplated a revitalization of the property to a 500-room lodging facility. At the time of inspection, most of the building was dark and non-operational.
Appraisal of a distressed 86-room limited service hotel located just outside of the military bases of Paris Island and Beaufort Marine Corps Air Base. Purchased in 2005, the competitive market had changed dramatically with the construction of three new hotels nearby within the next 4-year period.
This was a 4-story, 121-room budget hotel containing 43,548 square feet constructed in 2007.
An 89-room Courtyard hotel constructed in 2006 and containing 53,839 square feet. Situated on a ground-leased site near Hudson Valley Mall.
Restaurant, B&B and Catering Facility - The appraisal of a proposed complete renovation of the property. Expanding it from its existing 26,797 SF to a proposed 34,014 SF, at a cost of nearly $2.5-million. The renovated property was to feature a 21,774 SF Restaurant/Catering Facility, in addition to the 22-room B&B, plus a 4,186 SF cottage suite. This assignment included a thorough analysis of the B&B market within the New Hope, PA area.
Hired by Capodagli Development Group for a proposed redevelopment project that included 500 Residential Apartment units, 25,000 SF of retail space and a hotel/conference center. Bruce Jones focused on the feasibility study component for a 150 room hotel and conference center with roof-top lounge, bar and restaurant component of the project. Capodagli was subsequently designated by the municipality as the Redeveloper Candidate.
Proposed 72-room, 15-story hotel within the downtown of the Jamaica neighborhood in Queens, NY. Located just 2-blocks from Jamaica Center-Parson/Archer Station and five blocks from the Jamaica Hub Station of the Long Island Railroad.
Proposed 107 Home2 Suites hotel in close proximity to Simon owned Philadelphia Mills Mall and less than three miles from Parx Casino and RAcing.
Proposed 107 guestroom Home2 Suites hotel and two restaurant outparcels on an existing 7 acre parcel. Located approximately 3-miles from Princeton University
Value place has nearly 200 hotels open and under development in 35 states. The target guest market for these Extended Stay hotels is small and mid-sized businesses owners and those on the move in their own community. Each of these five appraised were 109 rooms.
48 room Howard Johnson hotel
Feasibility Study for a Proposed 99 room Wingate Hotel. Site was located immediately off a busy interchange along I-95, approximately midway between New York and Miami.
Proposed Hawthorne Suites within walking distance of Kent State University and a downtown district which has experienced significant transformation over the last several years. Kent State is one of the largest universities in Ohio with an enrollment of 39,367 students in the eight-campus system and approximately 29,000 students at the main campus in Kent. In excess of $140-million in public and private funds have been invested in the downtown over the past 10 years based on a revitalization plan adopted by the city in 2009, resulting in 230,000 SF of new office, restaurant, residential and retail space, a new bus transit hub and 360 parking spaces, 64 new businesses, and a $4-million pedestrian and bike connection to the downtown called the Esplanade. In the wake of the downtown revitalization, Kent State University further announced in 2017 a 10-year, $1-billion master plan to enhance the university, including an addition to the Aeronautics and Technology building, a new Kent State University Airport classroom building, research lab expansion at the Integrated Sciences Building and dynamic renovations to the Memorial Athletic and Convocation Center (MAC Center) and Kent Student Center, to name a few.
6-story, 120 room select service hotel in Newark, DE, featuring restaurant, fitness room, health spa, lobby workstation, market pantry, guest laundry room, vending areas. The property included 3 acres of excess land.
Microtel is an award-winning, all new construction, economy hotel brand under Wyndham Hotels & resorts. These hotels are designed to optimize efficiencies and reduce and streamline building costs for developers. Microtel is a category-killer in the economy segment
Holiday Inn hotels, which have grown to be one of the world's largest hotel chains, are midscale, full-service hotels
Appraisal and market study of recently completed 150 room Courtyard by Marriott. Situated on a ground-leased site.
Proposed 125 room Hyatt House restaurant in close proximity to The Haines Center, an 800-acre business complex, and NFI Park at Florence. Nearby new 526,000 SF Subaru Parts Center and training facility and the new 215,000 SF Burlington Coat Factory headquarters building.
The proposed site is within City of Charlottesville, Albemarle County, Virginia. The subject is located on the outskirts of Charlottesville downtown and in close proximity to I-64. The subject site is controlled by the HW - Highway Corridor district, which intends for intense commercial development with limited residential use in districts that are more auto-oriented than older parts of Charlottesville. An 82-room Microtel hotel was proposed.
Feasibility study for a proposed 80-room Microtel hotel. The site was located just off Exit 126 along US Route 6, within the Village of Chester, Orange County, NY. Located just over 8 miles east of the subject site, is the Woodbury Common Premium Outlet Center, featuring 220 stores including Tory Burch, Nike, Celine, Bottega Veneta, Polo Ralph Lauren, Michael Kors, Burberry, Coach, The North Face and more. This is a premier shopping center owned by Simon Property Group and containing over 800,000 square feet of retail space. The is one of the largest contiguous outlet centers in the world. Due to its size, different areas are color-coded to help visitors orient themselves, and on weekends, trolleys are available to transport shoppers from the parking lots and around the center. Due to its proximity to New York City, Woodbury Common is a major attraction for foreign tourists visiting the region. Japanese tourists seem to have been overtaken by Chinese tourists as the most frequent foreign visitors. Tour buses and shuttles make daily trips from New York City, the center employs a staff of interpreters, and currency exchange and foreign shipping services are available on site. Guests are greeted in several languages including Japanese, Spanish, French and Portuguese. Orange County officials sometimes refer to Woodbury Common as the county's cash cow as the sales tax collected on the clothing and footwear sold at the center, even after recent reductions by the state, provides a significant portion of the county's revenue. In 2011 the mall announced a proposed $100 million expansion plan that would include a three level parking garage, 60,000 square feet of additional retail space, new store facades and improvements to traffic flow within the mall, its first major expansion since 1997. It estimated that the project would create 400 construction jobs and 350–400 permanent ones at the new stores. Work was planned to be coordinated with improvements to the Thruway interchange that had been planned to begin in 2013, but which is anticipated to now begin in the fall of this year (2017). The state-of-the-art parking deck opened in August 2015, but as of yet has not been able to provide needed parking relief as construction continues throughout the mall.
Proposed new construction Paramount franchised resort hotel project, conference center and spa and villas on a total of 60.48± acres of oceanfront land. The planned hotel and beach club area are to be constructed on 13.99± acres (23.13%) of the total land area. Additionally, 35.23± acres (58.25%) will be improved with 57 detached residential villas containing an average of 3,418± average square feet each and situated on average parcels of 0.75± acres. The remaining areas comprise 11.26± acres (18.61%) and are to include 2.37± acres for a spa area, 1.39± acres for tennis courts. 4.20± acres for roads and the remaining for parking and common areas.
The subject is located in Lenexa, Kansas. Improvements consist of a 4-story, 121-room budget hotel containing 43.544 square feet.
The subject is located in San Antonio, Texas. Improvements consist of a 4-story, 121-room budget hotel containing 43,312 square feet.
Improvements consist of a 7-story, 44-room limited-service hotel without food and beverage. In addition, space within the hotel that formerly provided F & B service is in the process of being converted to five additional guestrooms, with one room coming on-line within the next week, and the four remaining anticipated to be ready by the end of June or July. 38 Queens and 6 double bed rooms.
This was a former Hampton Inn originally constructed in 1988. Building contains 5-stories, 124 guestrooms broken down into 62 standard kings, 10 larger L-shaped rooms, 55 queen doubles and 7 handicap accessible rooms. The property was renovated and an addition added in 2013.