Hotel Online  Special Report


advertisement


.
..RockBridge Capital and Equis Hospitality Management Building a
$10.5 million Homewood Suites in Maryland Height, Missouri

.
COLUMBUS, OH, August 22, 2006 - Columbus, Ohio-based RockBridge Capital, LLC (“RockBridge”) today announced the closing of its $10,500,000 first mortgage investment to develop a 104-room Homewood Suites in Maryland Height, Missouri.  James T. Merkel, Managing Director of RockBridge, made the announcement.

The Homewood Suites site is located in the Riverport Business Park, which offers over one million square feet of office and light industrial space and is home to the HMB Bank Amphitheater and Harrah’s Casino.  The site is also located within two miles of the 11.5 million square foot Earth City Business Park and historic St. Charles, and six miles west of St. Louis-Lambert International Airport.  Homewood Suites is Hilton Hotel’s upscale extend-stay hotel brand.  The improvements will be comprised of a 3-story building containing a combination of studio, one-bedroom, and two-bedroom suites providing distinct living and sleeping areas, an indoor pool, exercise room, business center, sundry shop, and sport court. 

The Sponsor is St. Louis based Equis Hospitality Management (“Equis”), which was founded by the Mullenix family in 1964.  In addition to the Homewood Suites, Equis currently manages four hotels in the St. Louis area, including the nearby Residence Inn in Earth City, and has Homewood Suites and Westin projects under development in Richmond Heights, MO.  Commenting on the transaction, Merkel indicated, “We are pleased to have completed our eighth investment with Equis, which has a strong niche as a developer/owner/operator of high-quality lodging assets in the St. Louis market.  Over the past two years, our relationship with Equis has continued to evolve, and we are looking forward to making more investments with them.”

With offices in Columbus, Ohio and San Diego, California, RockBridge provides capital to the hospitality industry through the RockBridge Real Estate Funds. Since 1993, the principals of RockBridge have formed and managed seven (7) closed-end real estate funds with both institutional and high-net-worth investors. RockBridge originates first mortgage and mezzanine loans, as well as preferred equity and equity investments.  Since 1993, the RockBridge team has invested more than $600 million in nearly 300 assets nationwide, with aggregate transaction capitalization approaching $4.0 billion. For additional investment and financing opportunities available through RockBridge Capital, contact James T. Merkel at (614) 246-2505.
 

.
Contact:

Paul Kesman
(248) 258-2333

.
Also See: The 393 room Renaissance St. Louis Airport Hotel Acquired by a Joint Venture Between RockBridge Capital, LLC and Davidson Hotel Company / June 2006


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.