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Fibra Inn announces acquisition of Hotel Mexico Plaza Leon Centro Max, to be converted to Wyndham Garden
Fibra Inn, a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced the acquisition of Mexico Plaza Leon Centro Max Hotel, located in the state of Guanajuato. This hotel will be converted to the Wyndham Garden brand.
This is the third hotel acquired from Grupo Mexico Plaza, which is a regional hotel chain primarily present in central Mexico. The acquisition price was Ps. 150 million, excluding Ps. 6.9 million in expenses for brand name change. Fibra Inn's internal committees approved the purchase of this property at a stabilized cap rate of 10.1%. The acquisition was paid in cash with the proceeds from the initial public offering that took place on March 13, 2013.
The conversion of this property to the Wyndham Garden brand will be completed by April of 2014. This property has 126 rooms, will operate under the limited service segment and its operation will be conducted by the Fibra Inn´s Hotel Operator, subcontracting the current Hotel Operator.
With this acquisition, Fibra Inn has 20 hotels in its portfolio, plus two under development, with a total of 3,976 rooms, of which 3,312 are currently in operation.
Starwood Capital Group acquires Four Pillars Hotels
A fund affiliated with Starwood Capital Group, a global private investment firm, announced that it has acquired UK hotel owner and operator Four Pillars Hotels.
The transaction includes a portfolio of five owned and leased hotels and one managed hotel in Oxfordshire and the surrounding areas, comprising 863 rooms. The historic city of Oxford is one of the UK's leading business and tourist destinations, attracting more than 9.5 million domestic and international visitors annually.
The portfolio's properties include:
Streamsong Lodge in Florida reopens
Streamsong Resort's centerpiece - a 216-room luxury Lodge - has officially opened, unlocking the full experience of the property's 16,000 natural acres. Miles away from typical Florida beach hotels or theme park resorts, Streamsong features critically-acclaimed golf, bass fishing, a sporting clays facility, a grotto-style spa, food offerings, stunning vistas, wildlife and more in a natural Florida setting.
At the resort, guests can experience Streamsong Red, designed by Bill Coore and Ben Crenshaw, and Streamsong Blue, designed by Renaissance Golf Design (Tom Doak), which are known as "must plays" among serious golfers. In their first year of operation, Streamsong Red and Blue topped GOLF magazine's list of the "Best New Courses You Can Play" and were recently ranked as the 12th and 14th best resort courses in the United States by Golfweek.com, among other accolades.
Streamsong guests can also take guided excursions on the property's prolific bass fishing lakes; explore bird-watching and wildlife along a tranquil nature trail; test their aim at the resort's sporting clays facility; indulge in European spa treatments; and take a dip in the lakeside infinity pool.
At the Lodge's three restaurants, guests can enjoy a culinary journey with dishes to tempt every palate. They can savor contemporary Italian cuisine like osso buco, stone oven-roasted duck breast and chicken involtini at SottoTerra; indulge in traditional Floridian comfort foods like Apalachicola oysters, conch chowder and buttermilk fried chicken at P2O5; or sample pub-style small plates including sriracha glazed chicken skewers, warm blue cheese potato chips and buffalo pork rinds at Fragmentary Blue.
Expert in hosting small executive gatherings, larger groups and private special events, the resort includes more than 18,000 square feet of flexible meeting space as well as unique settings like a rooftop meeting room and terrace, covered breezeway and 40,000 square feet of distinctive outdoor venues for memorable events.
Award-winning architect Alberto Alfonso designed Streamsong's Lodge to showcase and celebrate the property's natural environment. Guestrooms and suites feature floor-to-ceiling glass and offer stunning views of the property's lakes and surroundings. AcquaPietra, a 7,000-square-foot grotto-style spa with seven unique pool experiences and nine treatment rooms, is a metaphor for the prehistoric seas that once covered the region. Fragmentary Blue, the Lodge's rooftop lounge, provides the perfect spot for incomparable sunrise and sunset viewing and stargazing.
The property's golf Clubhouse - which opened in January 2013 and is also designed by Alfonso Architects - features banquet space with sweeping water views, 12 guestrooms, Restaurant Fifty-Nine - a steak and seafood-themed restaurant, and a bar, lounge, and golf shop.
Located between Orlando and Tampa, Streamsong is convenient to two international airports and six regional airports accommodating private aircraft.
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