University hotel specialist secures Alabama site
US-based Graduate Hotels, which specialises in upscale hotels in university towns, has got the financial green light for a new site in Auburn, Alabama.
JLL’s Hotels & Hospitality Group arranged $40 million in construction financing for the development of the 177-key Graduate Auburn. JLL worked on behalf of project sponsor, Adventurous Journeys Capital Partners (AJ Capital), in securing the five-year, floating-rate loan with Southern States Bank.
Upon completion, the hotel will offer a mix of traditional guestrooms and suites, approximately 10,000 sq ft of flexible meeting and event space and two food and beverage outlets, including a rooftop lounge with an outdoor terrace featuring panoramic views of the Auburn campus.
Graduate Auburn, designed by Hartshorne Plunkard Architects and AJ Capitals’ in-house interior design team, will reference the storied history of Auburn University and provide an aesthetic designed to appeal to university visitors and locals.
The JLL Hotels & Hospitality team representing the sponsor was led by executive vice president Jeff Bucaro and senior MD Danny Kaufman.
Bucaro said: “Graduate Auburn will enjoy a substantial competitive advantage as the premier hotel at Auburn University. The combination of amenities, as well as its premier location, will position the hotel as a top choice for Auburn University-related travel.”
Graduate Auburn will join a collection of 35 other Graduate Hotels and will be the brand’s seventh location in the US Southeastern Conference region.
Also in the pipeline for the chain are several conversion projects: Graduate Palo Alto bringing 100 keys to California by the end of this year; Graduate Dallas, adding 95 guestrooms in Texas in Q3 2023; and Graduate Princeton, a 178-room site completing in Q4 2023.
Hilton enters Tunisia with Skanes beach resort
This hotel marking Hilton’s debut in Tunisia combines world-class dining and wellness with panoramic Mediterranean views and close proximity to historic cultural landmarks. Cultural inspiration The brand-new Hilton Skanes Monastir Beach Resort is now welcoming guests...
Fasano debuts group’s tenth hotel with opening in São Paulo
This May-opened hotel pays homage to the city’s original Fasano hotel, Fasano São Paulo Jardins, which opened 20 years ago. Signature Fasano design The May opening of Fasano São Paulo Itaim follows the recent openings of Fasano Fifth Avenue in New York City and Fasano...
DoubleTree by Hilton to debut in Berlin next month
This DoubleTree by Hilton in Berlin is the result of a franchise agreement with asset manager Blackstone and Event Hotels. The property benefits from a multi-million euro remodelling. Brand entry to Berlin The 420-key DoubleTree by Hilton Berlin Ku’damm is opening...
Elkonin Tel Aviv opens as a part of MGallery Hotel Collection
The 44-key boutique hotel is home to Israel’s first Clarins spa, as well as the fine-dining restaurant, L’Époque by Jöel Robuchon. Reviving a historic site Elkonin Tel Aviv has now opened as a part of the MGallery Hotel Collection. This hotel takes over the site that...
Omni unveils $520m PGA Frisco resort
This major destination from Omni Hotels & Resorts caters for guests of all ages in a space spanning an impressive 660 acres. A new golfing destination The highly anticipated Omni PGA Frisco Resort is now welcoming guests to experience its wealth of facilities,...
Omni debuts third Arizona hotel in Downtown Tempe
This Omni hotel is the result of a $125m investment and part of a public-private partnership with Arizona State University (ASU) and the City of Tempe. A community hub Omni Tempe Hotel at ASU is now open at the intersection of University Drive and Mill Avenue in...