Intergroup arranges site sale for new Marriott franchise development (United States)
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Intergroup arranges site sale for new Marriott franchise development (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2008-04-25
Tandy O. Lofland, president of Intergroup Companies announced the closing of a 3.2-acre site adjacent to the Baton Rouge, LA Metropolitan Airport. Intergroup was represented by David Young in the Dallas office and acted in conjunction with the Henry S. Miller Company.
The project will consist of a 119-unit SpringHill Suites by Marriott prototype with meeting space, pool, and numerous other features and amenities.
The seller is a regional commercial and residential developer and the purchaser is a national hotel developer, owner, and management firm.
Since 1980 Intergroup has developed or participated in hospitality, commercial, and residential projects and transactions in the U.S., Latin America, the Caribbean, and Europe, with an emphasis on full-service, first-class and luxury hotels, resorts, and mixed-use developments involving such hotel brands as Four Seasons, Hilton, Sheraton, Holiday Inn, Crowne Plaza, Radisson, Hyatt, Homewood Suites, and Hampton Inn.
Intergroup’s properties and projects number almost 100 with a value well over $1 billion.
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