Published On HotelNewsNow.com07 February 2013By Jeff HigleyEditorial Director LOS ANGELES—Innisfree Hotels & Resorts founder and CEO Julian MacQueen is happy to be part of a growing group of owners who have been able to refinance their hotels as the lending environment continues to loosen. Innisfree worked with Aries Capital to refinance two multimillion dollar debts [...]
“Innisfree has an amazing track record for both developing and operating their assets, which contributed heavily to our ability to secure permanent debt at a 9% debt yield on adjacent hotels, especially with limited operating history for one of the assets,” says Jeff Bucaro, senior vice president for Aries Capital. The Innisfree portfolio includes a Hilton Hotel and Holiday Inn Resort.
Innisfree Hotels (Emerald Breeze Resort Group LLC) will develop the resort on a 17-acre parcel in Okaloosa Island in Okaloosa County, Fla., that is owned by the U.S. Air Force and will be leased to the Emerald Breeze Resort Group for 50 years, according to the $50 billion Navy Federal in Vienna, Va., and the $1.2 billion Pen Air in Pensacola, Fla.
Published in Pensacola News Journal November 23, 2012By Carlton Proctor On a cold, overcast morning in Fort Walton Beach earlier this month, ground was broken for a new hotel. Normally, an event of this nature wouldn’t be covered by the Pensacola News Journal; our circulation area is almost exclusively within Escambia and Santa Rosa counties. [...]
FOR IMMEDIATE RELEASE November 14, 2012 – Okaloosa Island Florida – Emerald Breeze Resort Group acquired financing to construct a $25 million, 152 room Holiday Inn Resortin Fort Walton Beach on Okaloosa Island. They will celebrate with groundbreaking ceremony on the site on Friday, November 16, 2012. The development will occupy 17 beachfront acres near [...]
FOR IMMEDIATE RELEASE Pensacola Beach, Wednesday, October 23, 2012 - The Holiday Inn Resort Beachfront Hotel on Pensacola Beach, Florida was selected as the 2012 Quality Excellence Award winner by Intercontinental Hotels Group (IHG). IHG manages 666,000 hotel rooms in nine hotel brands in over 100 countries. The company’s mission statement is to create “Great Hotels [...]
Students from Dixon School of the Arts were rewarded for good behavior and academic improvement on Sunday with a pool party sponsored by Innisfree Hotels. The charter school, which opened in 2010, had the greatest improvement in FCAT test scores out of all Escambia County School District schools in 2011, with a gain of almost 178 points. “It’s almost shakingly scary, in a good way, to see the potential of where we’re going,” said LuTimothy May, the school’s executive director. “The sky’s the limit.”
FOR IMMEDIATE RELEASE July 25th Pensacola, Florida –At noon on Friday, July 27th, Innisfree Hotels will officially ‘top out’ the Hyatt Place Hotel located at Airport & 12th at the Pensacola International Airport. Contractors Robins and Morton will hoist a final piece of steel onto the roof of the hotel. The beam, signed by [...]
Innisfree Hotels is proud to accept a worldwide Deal of the Year award for the development of the Hampton Inn & Suites in Orange Beach, Alabama.
Al.com Birmingham Kathy Jumper, Press-RegisterPosted: 05/29/2012 4:08 AM ORANGE BEACH, Alabama — Three Gulf-front hotels have received a total of $272,541 in state loans to finance major energy efficiency improvements, according to Innisfree Hotels and the Alabama Department of Economic and Community Affairs. The 2 percent interest rate loans will pay for the equipment and [...]