{"id":1004068359,"date":"2013-03-06T08:49:45","date_gmt":"2013-03-06T16:49:45","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=107893"},"modified":"2025-02-19T03:43:05","modified_gmt":"2025-02-19T11:43:05","slug":"131-key-hotel-picked-up-by-cwi-goes-under-hri-management","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\/","title":{"rendered":"131-key Hotel Picked Up by CWI, Goes Under HRI Management"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

New York-based Carey Watermark Investors Incorporated (CWI) recently announced the\"\"<\/a> acquisition of a five-property Hilton-branded hotel portfolio from Fairwood Capital LLC-managed entities. The transaction, valued at around $104 million, included $64.5 million in debt.<\/p>\n

The portfolio includes the 131-key Hilton Garden Inn Baton Rouge Airport in Louisiana, the 105-key Hampton Inn & Suites Legacy Park-Frisco in Dallas, the 119-room Hampton Inn & Suites Atlanta Downtown, the 144-room Hampton Inn & Suites Memphis-Beale Street and the 133-room Hampton Inn Birmingham-Colonnade in Alabama.<\/p>\n

The latter three hotels are to be managed by Crescent Hotels & Resorts, while the first two have been included in HRI Lodging Inc.\u2019s (HRIL) management portfolio. All properties were constructed between 1994 and 2004 and underwent significant renovation between 2010 and 2012.<\/p>\n

However, HRI Lodging\u2019s sister company HRI Construction has been tapped to handle physical improvements to CWI\u2019s newly acquired properties. Planned work will include upgrading design features to align the hotel with contemporary design standards.<\/p>\n

“Adding these two hotels to our portfolio is another step in HRI Lodging\u2019s long-range growth plan… We look forward to implementing the programs and standards that have been successful at our other properties in order to maximize the performance for the owners and the customer experience for our guests,\u201c HRIL President Gary Gutierrez declared in a news release.<\/p>\n

The two hotels represent New Orleans-based HRIL\u2019s eighth and ninth properties, bringing the company\u2019s room inventory to 1,614.<\/p>\n

The 131-key Hilton Garden Inn Baton Rouge Airport\u2019s amenities include a 24-hour business center, over 1,500 square feet of meeting space, fitness room, pool, lounge, bar, onsite convenience store, Wi-Fi and the onsite Great American Grill\u00a0restaurant.<\/p>\n

HRI Lodging operates hotel properties in\u00a0Louisiana, Mississippi, Texas and Virginia.<\/p>\n

Photo courtesy of Hilton Garden Inn Baton Rouge Airport\u2019s Google+ profile<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

New York-based Carey Watermark Investors Incorporated (CWI) recently announced the acquisition of a five-property Hilton-branded hotel portfolio from Fairwood Capital, LLC-managed entities.<\/p>\n","protected":false},"author":49,"featured_media":1004506867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004068359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest"],"acf":[],"yoast_head":"\n131-key Hotel Picked Up by CWI, Goes Under HRI Management - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"131-key Hotel Picked Up by CWI, Goes Under HRI Management\" \/>\n<meta property=\"og:description\" content=\"New York-based Carey Watermark Investors Incorporated (CWI) recently announced the acquisition of a five-property Hilton-branded hotel portfolio from Fairwood Capital, LLC-managed entities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-03-06T16:49:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-19T11:43:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Hilton-Garden-Inn-Baton-Rouge-Airport.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"131-key Hotel Picked Up by CWI, Goes Under HRI Management\",\"datePublished\":\"2013-03-06T16:49:45+00:00\",\"dateModified\":\"2025-02-19T11:43:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/\"},\"wordCount\":308,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Hilton-Garden-Inn-Baton-Rouge-Airport.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/131-key-hotel-picked-up-by-cwi-goes-under-hri-management\\\/\",\"name\":\"131-key Hotel Picked Up by CWI, Goes Under HRI Management - 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