PHILADELPHIA-The "ChocolateTown" facility changes its name from Great Vacations Resort to Vacation Club and Resort of Hershey, shifts its membership from Resort Condominiums to Interval International and reopens under a new management team, promising no "high-pressure" tactics in marketing timeshares.
ATLANTA-In arbitration, locally based Hospitality Research Group, an affiliate of PKF Consulting, used a proprietary forecasting tool to project revenues lost when Fairfield, NJ-based Prime Hospitality Corp. failed to honor its contract to utilize ShoLodge's InnLink hotel reservation service.
ATLANTA-The Chattanooga, TN-based developer is adding this fifth center to the area surrounding its flagship, 1.2-million-sf Hamilton Place, opened in 1987. Called the Shoppes at Hamilton Place, it will be anchored by Marshall's, Bed Bath & Beyond and a third retailer.
PHILADELPHIA-Proceeds of the loan will be used to repay debt, including increasing availability under the Plymouth Meeting, PA-based REIT's $500-million revolving credit facility. The unsecured loan matures in three years, and no principal payments are due before maturity.
PHILADELPHIA-Houston-based Pennzoil-Quaker State Co. leases the build-to-suit warehouse from Pittsburgh-based Chapman Properties, developer of the $60-million industrial park. This building joins three warehouse buildings, built since 2000, on the property and 1 million sf of renovated manufacturing space.
ATLANTA-Charlotte-based Withrow Development awaits zoning approval for Maple Crest Industrial Center, a six-building, 160,000-sf venture on 23 acres at Westinghouse Boulevard and John Price Road in Charlotte. Chris Withrow tells GlobeSt.com the commission favors the plan.
PHILADELPHIA-Cleveland-based Capstone Realty Advisors names Harry Giallourakis senior vice president. A 20-year mortgage banking veteran, he is a former executive with Cincinnati-based Fifth Third Bancorp/W. Lyman Case.
ATLANTA-After a five-year absence, Joyce Copeland returns to the locally based multifamily arm of Dallas-based Trammell Crow as president and chief operating officer.
ATLANTA-Locally based Burroughs & Chapin Co. is developing the 409-room, 14-story inn that will be built, owned and managed on 10 oceanfront acres by Fort Mitchell, KY-based Columbia Sussex Corp.