West Des Moines, Iowa (PRWEB) February 22, 2014
Woodbine Development Corporation and InterMountain Management (IMM) have launched their second hotel development project since joining forces in 2012, the companies announced today.
Construction is expected to begin later this year on a 99-key Marriott TownePlace Suites extended stay hotel in West Des Moines, Iowa. The 2-acre site, which borders a pond at the main entrance to Iowa’s largest shopping complex, Jordan Creek Town Center, was purchased by the partnership in December 2013. The hotel is scheduled to open in summer 2015.
Woodbine and IMM also are developing a four-story, 112-room Marriott TownePlace Suites hotel with a restaurant site overlooking Garnier Bayou in Fort Walton Beach, Fla. The two companies joined forces two years ago to capitalize on each organization’s respective resources in sourcing, financing and constructing. IMM is providing management services for the Marriott TownePlace Suites projects, while Woodbine oversees asset management duties.
“Woodbine, IMM and Marriott have developed a winning blueprint for delivering a quality product that the community can be proud of, based on the proven strengths of our respective organizations,” said John Scovell, Woodbine president and CEO.
IMM Founder and Owner Dewey Weaver added, “We’re confident this TownePlace Suites will be a welcome option for travelers looking for a comfortable, extended-stay guest experience in West Des Moines, Iowa.”
Other members of the development team include Myhre Group Architects of Portland, Ore., and Shive-Hattery Architecture+Engineers of West Des Moines, Iowa.
About Woodbine Development
Woodbine Development Corporation is a 40-year-old, full-service real estate company focused on development, investment/acquisition and asset management opportunities across the United States. The company specializes in hotels, resorts and golf courses; multiuse land and mixed-use developments; and real estate services provided to corporations, non-profit organizations and individuals. Woodbine has been involved with more than $2 billion in commercial real estate projects, including development, ownership and/or asset management of more than 6,500 hotel rooms, 18,000 acres of land and 126 holes of championship golf. To learn more, visit http://www.woodbinedevelopment.com.
About InterMountain Management (IMM)
IMM is a family-owned company focused on the development, third-party management and renovation of select-service and extended-stay hotels across the U.S. With more than 75 properties and almost 7,000 rooms across the U.S., hotel owners, developers, and guests have come to recognize the “InterMountain difference.” Over 30 years of experience in the hospitality space have made InterMountain a mainstay in the industry, and our portfolio is constantly expanding. InterMountain properties include 17 different brands within the industry’s leading hotel franchise systems.
InterMountain Management, LLC, develops, owns and operates premium brand hotel properties nationwide. In addition to owning and operating our own hotels, the company operates several premium brands for select owners on a third-party basis. To learn more, visit http://www.intermtn.biz/.
# # #