woodbine development corporation
Castlelake and Woodbine Complete Acquisition of Hyatt Regency DFW International Airport
Castlelake | December 8, 2021
MINNEAPOLIS and DALLAS - December 8, 2021 - Castlelake, L.P., ("Castlelake") a global alternative investment manager with 16 years of experience investing in asset-rich opportunities, today announced it has acquired The Hyatt Regency DFW International Airport with Woodbine Development Corporation ("Woodbine"), a full-service real estate company with more than 40 years of development, investment, acquisition and asset management experience. The investment combines insight into passenger traffic and airline business plans that Castlelake has acquired over the course of its 16-year history in the aviation sector, with its significant real...
Practice Hospitality Tapped to Manage Hilton Dallas Park Cities
Practice Hospitality | April 6, 2021
DALLAS — April 6, 2021 — Practice Hospitality has assumed management of the Hilton Dallas Park Cities located in the upscale suburb of Park Cities, seven miles north of downtown Dallas. Specialists in lifestyle hotels, the operator was selected by owner Woodbine Development Corporation of Dallas to manage the 230-room property conveniently located near Southern Methodist University. Bashar Wali, President & CEO, of Practice Hospitality said, “We could not be more honored and excited to have been entrusted by Woodbine with operating this hotel, here, in their hometown. Our operating expertise and entrepreneurial, experiential appr...
Hotel Colee, an Autograph Collection Hotel, Is Set to Open December 1st in Atlanta, Georgia
Autograph Collection Hotels | November 25, 2020
Atlanta, GA - November 25, 2020 – Hotel Colee opens December 1 in Buckhead as a member of Autograph Collection Hotels. Each of the almost 200 hotels in this diverse and dynamic global portfolio is carefully curated with vision, passion and dedication to craft. Selected for their distinct perspectives on design and hospitality, Autograph Collection Hotels offer enriching experiences that leave a lasting imprint and Hotel Colee is no exception. In creating the neighborhood’s first Autograph Collection hotel, owner Woodbine Development Corporation and operator Practice Hospitality, both of Dallas, TX, have crafted nothing less than the ...
Woodbine Legacy Investments Acquires 375-Room Doubletree by Hilton Los Angeles – Westside for $151.5 Million
Woodbine Legacy Investments | October 15, 2018
DALLAS (Oct. 15, 2018) — Woodbine Legacy Investments (WLI) purchased the 375-room DoubleTree by Hilton Hotel Los Angeles - Westside and an adjacent entitled 2.2-acre development parcel from The Carlyle Group for $151.5 million. The broker for the transaction was Eastdil Secured. The purchase of the DoubleTree LA – Westside marks the third acquisition for WLI, a private real estate fund created and managed by Woodbine Development Corporation. Woodbine's plans for the Culver City hotel include a $35 million renovation, which is set to begin in early 2019. The company's plans also include developing the adjacent 2.2-acre parcel...
Woodbine and IMG Academy Break Ground on The 150-Room Legacy Hotel at IMG Academy in Bradenton, Florida
Woodbine Development Corporation | October 2, 2017
BRADENTON, FLA. (Oct. 2, 2017) — Woodbine Development Corporation (Woodbine) and IMG Academy (IMG) broke ground on a 150-room upscale boutique hotel on the northern edge of IMG's 500-plus-acre campus in Bradenton. The five-story hotel—which will be known as The Legacy Hotel at IMG Academy—will serve guests and clients of the world-class training facility, including visiting teams, coaches, student-athletes, staff and parents. Additionally, it will provide a go-to destination for visitors to the surrounding community. The hotel is anticipated to open in the fall of 2018. Dallas-based Woodbine is developing the property ...
Woodbine Development Corporation Completes Sale of Hyatt Place Gilbert/Phoenix to Sethi Management
Woodbine Development Corporation | February 6, 2017
PHOENIX (Feb. 6, 2017) — Woodbine Development Corporation and a Hyatt affiliate sold Hyatt Place Gilbert/Phoenix to affiliates of Sethi Management, Inc. HREC Investment Advisors represented Woodbine and Hyatt in this transaction, which closed February 2 and was brokered by Senior Vice President Bill Murney. Woodbine developed the property, which opened in July 2009 as the first Hyatt-managed, new-build Hyatt Place hotel in the state of Arizona. Since that time, Woodbine served as co-owner/asset manager while Hyatt served as the co-owner/operator of the 127-room hotel, which also features 1,113 square feet of meeting and event spac...
Woodbine & Intermountain to Develop 128-key Residence Inn in Springwoods Village, North Houston, TX
Woodbine Development | March 14, 2014
HOUSTON (March 14, 2014) - Woodbine Development Corporation and InterMountain Management (IMM) announced today they have purchased 3.25 acres in Springwoods Village to develop an extended-stay hotel. The new hotel, a 128-room Residence Inn, is scheduled to open in summer 2015 and is the first of three select-service hotels Woodbine will develop in Springwoods Village. Currently in the design phase, Residence Inn will serve the ExxonMobil campus, Southwestern Energy headquarters and other employers in the area, and will be the third project developed by Woodbine and IMM since the companies joined forces in 2012. Woodbine, known for its e...
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