DoubleTree by Hilton Hotel Bristol opens after $20 million construction project
The new DoubleTree by Hilton Hotel Bristol hosted a ribbon cutting ceremony and reception on May 9, unveiling a new hospitality design concept and celebrating the hotel's grand opening.
Private investment of over $20 million dollars on the part of Dr. Gerald Niznick, DMD, MSC, hotel owner, transformed the former Clarion Hotel into a hospitality destination featuring 19 guest suites and 122 guest rooms, including a 2,000 s/f presidential suite, a fitness center and an indoor saltwater pool. The 5,000 s/f ballroom offers conference and meeting space for up to 500 guests. Two new dining venues, The Willows Restaurant and Time Out sports bar, feature menus created by executive chef Leo Bushey, III.
"It was Dr. Niznick's vision to create a landmark building worthy of its location in the shadow of ESPN and other great central Connecticut businesses, creating a new guest experience unmatched in the marketplace," said James Frenis, CHA, chief executive officer of Prestige Hospitality Group, LLC, the hotel management company.
Arthur Ward, mayor of Bristol, representatives of the Central Connecticut Chamber of Commerce, Hilton Worldwide, and other dignitaries attended the May 9th event.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.