Atlanta-based Hotel Equities has been tapped to manage two upscale, full service hotels in two decidedly different markets.
Hotel Equities will manage the 262-room Holiday Inn in Joplin, Missouri that will rebrand to a DoubleTree by Hilton after undergoing a $6 million renovation during the next 12 months. Hotel Equities is also set to manage a 250-room, full service new-build scheduled to break ground in late 2015 in the North Miami area.
Conor Acquisitions Group recently purchased the Joplin hotel and again selected Hotel Equities, their management partner, to manage the asset immediately and to prepare for a renovation and conversion to take place. Repositioning the hotel to the well-known DoubleTree by Hilton conversion brand, the hotel will be the centerpiece of Joplin after a renovation that will reduce the key count to 185 spacious rooms making it the iconic place to meet in the mid-west. Located adjacent to the city’s 50,000 square feet of convention space, the hotel itself offer over 15,000 square feet of meeting space, plus a lobby bar and restaurant.
A3M Investment, LLC, Alberto Oliva, owner, and Afin Developer Group also chose Hotel Equities to manage a 250-room upper upscale, premium-branded hotel they will develop in the northwest corner of the Miami International Airport area in the city of Virginia Gardens, FL. Alejandro Araujo serves as the project’s Principal Developer and Manager.
The $45 million project stands on property located two minutes driving distance from the entrance to the General Aviation Center (GAC) that offers service to private planes. GAC can clear arriving international flights including private, charter and cargo. The location will appeal to flight training officials and other corporate partners in the vicinity.