Hotel Online  Special Report



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Warnick & Company Sells Hotel Development
Site Located Within Westgate City Center

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Glendale, Arizona, January 10, 2006 - Warnick & Company, LLC, acting as exclusive agent, represented The Ellman Companies in the sale of a hotel development site to John Q. Hammons Hotels, Inc. within Westgate City Center, located in Glendale, Arizona. 

The 6,500,000-square foot Westgate City Center is one of the largest mixed-use projects currently under development in the United States and includes the 17,799-seat Glendale Arena, a variety of destination retail, restaurants, theaters, and other entertainment venues, hotels, and multi family residential. 

The sale represented a three-party transaction between The Ellman Companies, John Q Hammons Hotels, and the city of Glendale. The hotel site represents the first of five hotel sites to be developed within Westgate City Center. Development plans include a first-class, 330-room Renaissance Hotel with an adjacent 80,000-square foot convention center. The hotel and convention facilities will be operated by John Q. Hammons Hotels, Inc. Construction on the hotel and conference facilities is scheduled to begin in January 2006. 

About Warnick & Company 
Warnick & Company is a strategic advisory firm that specializes in lodging and recreational real estate. The firm provides consulting, asset management, and investment banking services to investors, developers, financial institutions, hotel companies, and governmental agencies. With offices in Chicago, Los Angeles, New York, and Phoenix, the firm enjoys a national presence, but retains its boutique, client-driven focus.


 
Contact:

Thomas F. Morone
Warnick & Company (California), LLC
Phone: (310) 316-3957
http://www.warnickco.com

Also See: Warnick & Company Sells Resort Suites Scottsdale / December 2005
Warnick & Company Sells the Radisson Poco Diablo Resort / September 2004
Warnick & Company Represeneted Hilton in Sale / March 2004
Warnick & Company Opens a Chicago Office, Expanding into Its Third National Market / Jan 2002
Arizona Lodging Insights / Year End 2000 / Warnick & Co. / March 2001 


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