MIDAS HOSPITALITY TO MANAGE VIB TEMPE: Hotel management company Midas Hospitality has been selected by BWH Hotel Group to manage the upscale boutique Vib hotel in Tempe, Ariz. The hotel joined BWH Hotel Group’s Vib portfolio last year. The hotel includes a lobby, a restaurant, a lobby bar and a rooftop lounge. BWH Hotel Group’s portfolio currently includes 4,500 hotels under 19 brands across more than 100 countries.
THE BALFOUR HOTEL INDUCTED INTO HISTORIC HOTELS: The Balfour Hotel Miami Beach has been inducted into Historic Hotels of America, the official program of the National Trust for Historic Prevention. Designed by Anton Skislewicz in 1940, the hotel recently underwent a $4 million-dollar renovation. Formerly known as The Lord Balfour Hotel, the property includes two buildings connected by an open courtyard. The hotel is owned by Full G Capital and managed by Driftwood Management, LLC. The hotel features more than 80 rooms, including three suites, an elevated plunge pool, a bar and social spaces in the lobby. To be selected for Historic Hotels of America, a hotel has to be at least 50 years old, designated by the U.S. Secretary of the Interior as a National Historic Landmark or listed in or eligible for listing in the National Register of Historic Places and recognized as holding historic significance.
LIGHT TOWERS BREAKS GROUND IN MEXICO: Branson Developments has unveiled Light Towers, designed by Italian design company Pininfarina in Mérida, Mexico. This is Pininfarina’s first branded residential vertical project in Mexico. Situated along the coast of the Yucatan Peninsula, Light Towers comprises two 17- and 18-story buildings connected by a five-story base to form a ‘V’ shape. A green valley will fill the open-air center of the project, consisting of stacked private terraces. The property will feature 121 condominiums, ranging from two- and three-bedroom units to four- and five-bedroom penthouses. Residents will be able to access a second-floor deck, coworking space, pool and more than 3,000 square feet of space dedicated to a spa, gym and children’s play area. The property will also have rentable party and cinema rooms, a shared kitchen space and two bars.
EDGEWATER ACQUIRES THE INN ON THE SQUARE: Naples, Fla.-based Edgewater Group LLC has acquired the boutique, full-service hotel, The Inn on the Square, in Greenwood, S.C. The property was acquired by 104 Court LLC, a wholly-owned subsidiary of Edgewater Valley Forge Fund III LP, an affiliate of Edgewater Group LLC. The historic property originally consisted of two separate adjoining buildings. The Inn features a full-service restaurant, bar/lounge and event spaces. The purchase supports Edgewater’s focus on secondary and tertiary markets.
TFE’S VIBE OPENS IN ADELAIDE: Sydney-based TFE Hotels has announced the opening of its latest South Australian property, the Vibe Hotel Adelaide. The 123-room hotel includes a pool deck with a pool, spa and sauna and a restaurant and bar. The hotel marks the completion of the Flinders East precinct, which has been more than 20 years in the making by South Australian developers, GuavaLime and Loucas Zahos Architects. Vibe Hotel Adelaide is TFE’s homegrown brand’s fourth opening. With this opening, Vibe has hotels in every state and territory in Australia and plans to expand the brand further. Vibe opened its first international property in Singapore in 2022 with the Vibe Singapore Orchard.