Friday, February 27, 2015
Encore Hospitality Acquires McAllen Hotel
Encore Hospitality LLC, a subsidiary of Encore Enterprises Inc., has purchased a Residence Inn hotel in McAllen. The property was previously owned by Encore Hospitality and sold in 2007.
“We are excited once again to own and manage the Residence Inn by Marriott hotel in McAllen,” Glenn Pedersen, president of Encore Hospitality LLC, told GlobeSt.com. “Our excitement stems from the diversity of the market demand generators to the availability of quality associates and a best in brand hotel in the extended-stay segment. We plan on investing over $2.3 million in the renovation of the hotel and our goal is to complete the renovation by January 2016.”
The McAllen Residence Inn features 78 rooms and amenities such as an outdoor pool, a business center, free breakfast, 350 square feet of meeting space and high speed Internet. In the next 12 months, Encore Hospitality will renovate the hotel to the tune of $30,000 per room.
“Business and leisure travelers alike are increasingly looking for best-in-class amenities during their stays at limited-service hotels,” says Bharat Sangani, chairman of Encore Enterprises. “Residence Inn has consistently been recognized as the best extended-stay brand.”
Anna Caplan, GlobeSt.com