urban commons
Urban Commons Unveils World’s Largest Holiday Inn Resort With $27.5 Million Renovation Investment
Urban Commons | June 26, 2019
ORLANDO, Fla., June 26, 2019 -- Urban Commons, a Los Angeles-based real estate investment and development firm, has announced the successful rebranding of the former Nickelodeon Suites Resort to the Holiday Inn Resort Orlando Suites and Waterpark with a completed $27.5 million renovation. As part of a vision to broaden the hotel's seasonality and guest profile, the full-scale transformation extends across the waterpark and food and beverage spaces, introducing the world's largest Holiday Inn-branded resort to Orlando. Urban Commons acquired the Holiday Inn Orlando Suites and Waterpark in 2014 and with renovations now completed, revenue is an...
Urban Commons Completes Two-Year Multi-Million Dollar Renovation of 311-Room Sheraton Pasadena Hotel
Sheraton Pasadena | June 12, 2019
PASADENA, CA (June 12, 2019) — The Sheraton Pasadena Hotel has completed a two-year multi-million dollar renovation, it was announced today by Carlos Mendoza, General Manager. The hotel, which is adjacent to the Pasadena Convention Center, now offers the most recently renovated accommodations, public areas, and meeting space of any property within easy reach of the Convention Center campus. The property is owned by Urban Commons. According to Mr. Mendoza, the comprehensive refurbishment project which was accomplished by Gensler Design and Luna Construction, entailed renovation of the entire 311-room hotel including all guest rooms and su...
Urban Commons Appoints Salvatore G. Takoushian as President and Chief Financial Officer
Urban Commons | January 4, 2019
Los Angeles (January 4, 2019) – Urban Commons, a Los Angeles-based real estate investment and development firm, has announced the appointment of Salvatore G. Takoushian, a real estate investment banking veteran specializing in lodging and hospitality, as President and Chief Financial Officer. Mr. Takoushian was hired ahead of the acquisition of Urban Commons' largest hospitality asset by value to-date – The Wagner at the Battery, New York City (formerly known as The Ritz-Carlton New York, Battery Park). Mr. Takoushian will be responsible for overseeing strategy, company operations, financial partnerships and acquisitions. Ur...
Urban Commons Acquires the 243-room Crowne Plaza Danbury Hotel, Danbury, CT
Urban Commons | July 22, 2014
LOS ANGELES, July 22, 2014 -- Urban Commons, LLC announces today the purchase of the 243-room Crowne Plaza Danbury Hotel located in Danbury, Connecticut. The Crowne Plaza Danbury, an InterContinental Hotels Group hotel, is an upscale full service hotel situated approximately a half mile from the New York state border, and conveniently located near area businesses such as Boehringer Ingelheim, Goodrich, Praxair, Cartus, General Electric, IBM, the new Army Reserve Center, UTC and several other major corporations. The Property is minutes form the Danbury Fair Mall (one of the largest shopping malls in the state of Connecticut and the fifth...
Urban Commons Purchases 254-room Ramada Hialeah Miami Airport Hotel in Florida
Urban Commons | July 1, 2014
LOS ANGELES, July 1, 2014 -- Urban Commons, LLC announces today the purchase of the 254-room Ramada Hialeah Miami Airport Hotel. The Ramada Hialeah, a Wyndham Worldwide hotel, is a full service hotel situated approximately 7 miles from the Miami International Airport (MIA) in the heart of South Florida's Shopping District, which is home to many shopping venues as the Westland Mall, Opa-Locka Flea Market, Palm Spring Mile, International Mall and Dolphin Mall. The city of Hialeah is located in the greater Miami area and lies 13 miles from South Beach, where the trendiest beaches, hottest club scene, unique boutiques and upscale dining res...
Urban Commons Acquires the 333-room Sheraton Pasadena in California
Urban Commons | February 17, 2014
LOS ANGELES, Feb. 17, 2014 -- Urban Commons, LLC, together with Brighton Management, announces today the purchase of the 333-room Sheraton Pasadena Hotel. The full-service Hotel is located in the premier vacation and group/corporate meeting destination of Pasadena and is the only hotel directly adjacent to the recently expanded Pasadena Convention Center, which draws thousands of visitors and exhibits year-round. The Hotel is also located within 3 miles of the city's historic landmarks and attractions such as the Rose Bowl, the Norton Simon Museum, and The Huntington Library and Botanical Gardens. The Companies have already received ful...
Urban Commons Purchases the 110-room Comfort Inn & 110-room Holiday Inn in San Mateo, CA
Urban Commons | September 6, 2013
LOS ANGELES, Sept. 6, 2013 - Urban Commons, LLC, announces today the purchase of the 110-room Comfort Inn and the 110-room Holiday Inn in San Mateo ("The Hotels"). The Hotels are located in the city of San Mateo, located in the high-tech enclave Silicon Valley which surrounds the San Francisco Bay Area. The San Francisco Bay Area is a region with 7.4 million people and an annual economic output of $300 Billion. The Bay Area is the sixth-highest populated region in the U.S. and includes the cities of San Francisco, San Mateo, San Jose, and Oakland, along with smaller urban and rural areas. Urban Commons will be converting and merging the...
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