What’s New With New-Builds?
From left, John Silviano, EVP, Barone Management; Scott Barone, founder & president, Barone Management; Chris Karalis, EVP of construction, Barone Management
NATIONAL REPORT—There are shovels in the ground for a slate of new-build projects in the U.S. CR7 by Pestana Hotel tops out; a new dual-brand has broke ground in Orlando, FL; Thompson Hotels returns to Miami; and more.
CR7 by Pestana Hotel Tops Out
Barone Management, a New York-based development, construction and investment company, has topped out of its eighth New York City hotel development. The firm is the developer and ground lessor of the property located at 338 West 39th St. in Times Square West where Barone is building a CR7 by Pestana Hotel for Portuguese-based Pestana Group. This site will be the second of many hotels planned in the United States and will serve as the hotel group’s U.S. flagship.
The CR7 by Pestana lifestyle hotel brand is a partnership between Pestana Hotel Group and soccer icon Cristiano Ronaldo. The 78,069-sq.-ft. property will have 177 exclusive guestrooms—six of which have a private terrace—a breakfast area, fitness center, multiple meeting rooms and a double-height lobby.
A Dual-Brand in Orlando, FL
Miami-based Riviera Point Development Group has broken ground on a dual-brand 101-room La Quinta Del Sol on International Dr. near SeaWorld in Orlando, FL. The 53,094-sq.-ft. La Quinta is expected to open in the second quarter of 2019. The four-story hotel will include a fitness center, a pool and restaurant.
Later this year, Riviera Point will start construction of a 98-room Tryp by Wyndham SeaWorld. This milestone comes nearly two months after obtaining a $10.7-million construction loan. Construction of the 53,647-sq.-ft. Tryp by Wyndham will commence later this year and open in early 2020.
Thompson Hotels Returns to Miami
Two Roads Hospitality is developing its newest property in Miami Beach, FL, as part of the Thompson Hotels brand. The project marks the return of Thompson Hotels to the destination, and will be one of the few new-build properties in the core of the South Beach district, according to the brand.
Projected to open in 2020, Thompson South Beach will be conceptualized by notable French architect Rudy Ricciotti, who will design the building in harmony with the surrounding landscape of SoundScape Park with a dynamic, undulating exterior. Developed and owned by Miami-based Finvarb Group, the hotel will include 150 guestrooms with floor-to-ceiling windows, and a rooftop pool, restaurant and bar.
Hawkeye Hotels Marks a First in Nebraska
Iowa-based firm Hawkeye Hotels’ plan to develop a new six-story hotel in the heart of the Old Market Entertainment District in Omaha, NE, received final authorization from the Omaha City Council.
Branded as Marriott’s affordable boutique hotel line, Moxy, the new property will be located at the corner of 12th St. and Harney St. This is the first Nebraska property for Hawkeye Hotels. The hotel plan includes 105 rooms, fitness center and valet parking. Construction is expected to start in August.
Canopy by Hilton in Texas
NewcrestImage broke ground to begin construction of the 150-room, seven-floor Canopy by Hilton Dallas Frisco Station, scheduled to open in late 2019. The property is part of a four-brand, 600-room “hotel campus” in Frisco Station, a first-of-its-kind, 242-acre mixed-use development located about 25 minutes from DFW International Airport.
Choice Hotels to Develop Cambria in Minneapolis
Choice Hotels International Inc. has signed an agreement with Bob Patel, CEO of Hawkeye Hotels, to develop the Cambria Hotel Downtown Minneapolis. Slated to open in 2020, the 100-room, six-story property will be located in the heart of downtown Minneapolis at Hawthorne Ave. and N. 11th St.