{"id":1004161470,"date":"2016-12-09T07:42:09","date_gmt":"2016-12-09T15:42:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161470"},"modified":"2022-12-08T17:49:57","modified_gmt":"2022-12-09T01:49:57","slug":"cbre-arranges-sale-of-300-key-columbus-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-300-key-columbus-hotel\/","title":{"rendered":"CBRE Arranges Sale of 300-Key Columbus Hotel"},"content":{"rendered":"

By Laura Calugar<\/em><\/p>\n

\"The<\/a>

The Crown Plaza Hotel in Columbus, Ohio<\/p><\/div>\n

Columbus, Ohio<\/strong>\u2014CBRE Hotels announced that it has arranged the sale of the 300-suite Crowne Plaza, an IHG branded hotel, to TJM Properties Inc. CBRE represented the seller, VWI Columbus LLC, a joint venture of Varde Partners, Waramaug Hospitality and Interstate Hotels and Resorts. The price of the transaction was not disclosed.<\/p>\n

Located at 6500 Doubletree Ave. in Columbus, the Crowne Plaza is situated within the Busch Corporate Center and close to the Crosswoods Business Park and Polaris Centers of Commerce. The property\u00a0is just across the street from Sensenbrenner Park and\u00a0approximately 15 minutes away from the Scioto River and less than 10 from John Glenn Columbus International Airport.<\/p>\n

The hotel underwent a significant renovation in 2013. Spanning more than 20,000 square feet of flexible space, the property is able to accommodate guests for various events. Additionally, the hotel has an on-site restaurant, indoor and outdoor pools, 24-hour fitness center and a 24-hour business center.<\/p>\n

\u201cThe seller completed major renovations in 2013 and embarked on an initiative to provide a great guest experience catering to groups. TJM plans to continue this history and complete brand transfer requirements. The hotel is well located with freeway access and superior visibility,\u201d said Eric Belfrage, CBRE Hotels\u2019 senior vice president, in a prepared statement.<\/p>\n

TJM Properties is a privately held hospitality and real estate firm that owns hotels in Florida, New Jersey and Pennsylvania.<\/p>\n

Image courtesy of CBRE Hotels <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The nine-story Crowne Plaza was purchased by Florida-based TJM Properties Inc. for an undisclosed amount.<\/p>\n","protected":false},"author":238,"featured_media":1004161473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21751,13,21742],"tags":[32789,33095,33094],"class_list":["post-1004161470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-hotel","category-midwest","category-latest","tag-cbre","tag-crowne-plaza-hotel","tag-tjm-properties"],"acf":[],"yoast_head":"\nCBRE Arranges Sale of 300-Key Columbus Hotel - 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\/cbre-arranges-sale-of-300-key-columbus-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Sale of 300-Key Columbus Hotel\" \/>\n<meta property=\"og:description\" content=\"The nine-story Crowne Plaza was purchased by Florida-based TJM Properties Inc. for an undisclosed amount.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-300-key-columbus-hotel\/\" \/>\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=\"2016-12-09T15:42:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:49:57+00:00\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Crowne-Plazaresize.jpg\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-300-key-columbus-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-300-key-columbus-hotel\/\",\"name\":\"CBRE Arranges Sale of 300-Key Columbus Hotel - 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