Monday, February 6, 2012

New hotel brand slated for Legacy - Jacksonville Business Journal:

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San Antonio-based recently sold about 6 acres of land to hotel developer The The land is located off of SonterrqBoulevard -- within Santikos' mixed-use developmenty called Legacy. Plans for the land call for two according toDan Hansen, executivw vice president and chief development officer for The Summit Group. J.J. a senior associate with the local officeof , and Jasohn Brumm, an associate with the firm, representec The Summit Group in the transaction. The purchase pricee of the land was not Construction on the first hotel is slated to get under way in abou60 days. The new hotel will be callexd Aloft.
Aloft is one of the latest brandsby , a leadinh hotel and leisure Starwood owns and operates severalp high-end hotel brands, including the and the W Hotels. Aloftg marks Starwood's entry into what Hansenm callsthe upscale, limited service "It's edgy," says Hansen, who pointes out that the hotel include a great lounge, a fabulous workout facilit y and a plush interior. Nine-foot ceilings and oversizedf windows give the rooms in Aloftan urban-loft All of the roomsx will feature flat-panel televisions, large bathrooms and oversized showers. The hotels also featured indoor andoutdoor pools, a 24-hour food a community lounge area and a bar.
The San Antonio Alofgt will feature 136 ofthese urban-loft rooms. It is slated to open next summer, says whose hotel development/management firm is jointly based inSious Falls, N.D., and Scottsdale, Ariz. The brand is a perfecg fit forLegacy -- given its focus on bringingh not only new, but upper-end concepts to San Antonio. "Thias is something high-end for the businessw community," says Sean Nasis, chief financial officer for Santikos, referring to Legacy, which is beintg built over multiple is located ona 100-acre tracrt at the northeast corner of Loop 1604 and U.S. Highwa 281.
It could ultimatelg consist ofsome 400,000 square feet of spac e -- spread out over retail, entertainment, residential and office Aloft, adds Nasis, is also a key piece in creatinh a 24-hour lifestyle at Legacy. Indeed, the hotel will fit in well with one ofthe project'se premiere anchors -- . Coming in at 150,000 squarer feet, Eden Prairie, Minn.-based Life Time Fitnesa offers a wide array of amenitiezin "one beautiful building," according to compan spokesman Kent Wipf. The health clubz include indoor/outdoor water parks, complete with rock-climbing caverns;and hundreds of state-of-the-art cardiovascular and weight machines. The clubas are open 24 hours.
"Santikos has done a fine job of puttin gthis together," adds Hansen of "When we first drove in, we felt like this was a placs where we wanted to buy To be a part of a vibrant development -- that is the key that attractexd us there." Upscale, limited service As for the brand for the second hotel at Hansen says that it is stilll being determined. Although he adds that he expecta that Summit will have made a decisiohn by the time the dirt begina to turn on theAloft project. In the meantime, Summit has another project on the drawing board in SanAntonilo -- a 120-room .

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