Hotel Business spotlights Peña Station NEXT and the Hyatt Place being developed in its current online issue. Below is an excerpt and a link to the complete article.
In the U.S., developers have put shovels in the ground for new hotel projects—Hilton, Hyatt Place, Even Hotels and others. Here’s a look at new-builds in the works:
JV to Build First Resort in Charleston, SC
Hilton Grand Vacations Inc. (HGV) and Strand Capital Group LLC will develop Liberty Place Charleston by Hilton Club. The downtown resort will be HGV’s first property in Charleston, SC, as well as HGV and Strand’s first joint venture as development partners.
HGV’s $10-million investment in the capital-efficient joint venture structure allows the company to generate strong business results, while maintaining flexibility with cash flow for additional growth opportunities, according to the company.
Liberty Place Charleston, HGV’s fifth property developed in collaboration with Strand in South Carolina, will offer 100 units, including studios and one- and two-bedroom suites. Amenities will include a fitness center, lobby bar and owners’ lounge. The property is within walking distance of The Battery, South Carolina Aquarium, dining, shopping and entertainment.
Construction on the project, located at 475 E. Bay St., is anticipated to begin in the fourth quarter, with completion in the second quarter of 2020.
Hyatt Place to Rise in Colorado
McWhinney, a Colorado-based real estate investor and developer, broke ground on a 226-room LEED Silver Hyatt Place at Denver’s Peña Station Next.
Peña Station Next is a transit-oriented, mixed-use development adjacent to Denver International Airport. The 382-acre, $500-million project is slated to offer 1.5 million sq. ft. of commercial space, 500,000 sq. ft. for retail outlets and 2,500 residences.
Scheduled to open in late 2019, amenities at the Hyatt Place Peña Station Next will include 226 guestrooms, a large active bar, 24/7 Gallery Menu & Market, Gallery Kitchen with breakfast available daily, a 24-hour fitness center and indoor pool.