Southwest Value Partners

Last updated
Southwest Value Partners
Company type Private
IndustryReal estate
Founded1990
Headquarters San Diego, California, US
Key people
  • Mark Schlossberg
  • Cary Mack
Number of employees
43 (2023)
Website swvp.com

Southwest Value Partners (SWVP) is an American, privately held real estate investment company. It is headquartered in San Diego, with offices in Scottsdale, Tucson and Nashville. [1] [2]

Contents

Union Station and Grand Hyatt. Union Station & Grand Hyatt.jpg
Union Station and Grand Hyatt.

History

SWVP was founded in 1990. [3] SWVP is owned and co-managed by Mark Schlossberg and Cary Mack. [2]

In 1995, SWVP purchased the Emerald Plaza in San Diego. [3]

As of February 1997, the company controlled almost 30% of the Class A office space in downtown San Diego. [4]

In 2004, SWVP sold the Emerald Plaza and two other San Diego office buildings to Santa Ana real estate firm Triple Net Properties for $274.5 million. [5]

In December 2017, SWVP bought the Bank of America Center and two other towers in downtown Orlando, Florida from Cousins Properties for more than $200 million. [6] [7]

In June 2020, SWVP confirmed it had reached a deal to acquire the Union Station Hotel in Nashville. [8]

In July 2023, SWVP sold the DoubleTree Resort Paradise Valley to Global Hospitality Investment Group for $115.5 million. [9]

Notable Investments

Nashville Yards

SWVP is the owner and developer of Nashville Yards, an 18-acre mixed-use development at the gateway to Nashville's central business district. Nashville Yards is bordered by the two main traffic corridors into downtown Nashville – Broadway and Church Street. [10]

In 2018, SWVP demolished the Draper Tower and the Sullivan Tower in Nashville, Tennessee to develop Nashville Yards, the site of Amazon's projected Operations Center of Excellence. [11] [12] In August 2019, SVP "made a meaningful financial commitment on a multiyear basis" to the Susan G. Komen Breast Cancer Foundation, with relevant events planned at Nashville Yards. [10]

When complete, Nashville Yards will contain more than 3 million square feet of Class A and creative office space, 2,000 residential units, 365,000 square feet of retail, food and beverage, and entertainment space, 1,000 hotel rooms, 80,000 square feet group and convention meeting space, a 4,500 capacity music and event venue, and 7+ acres of activated open space. [13] [14] [15]

Nashville Yards tenants and brand partnerships include Amazon, [16] Anschutz Entertainment Group, [17] Ascension Saint Thomas, [18] Gallagher, [19] Pinnacle Financial Partners, [20] Bass Berry & Sims, [21] Grand Hyatt, Marriott, Susan G. Komen, [22] Sean Brock, [23] Starbucks, [24] The Goddard School and others. [25]

In partnership with AEG, SWVP is co-developing a 4,500-occupant live music and event venue, and a 415,000 square foot creative office and retail building at Nashville Yards. [26] [27] [28] [29]

Warner Center Marriott Woodland Hills

In 2018, Southwest Value Partners, paid $122 million to acquire the Warner Center Marriott in Woodland Hills. [30]

Grand Hyatt Nashville

Grand Hyatt Nashville was opened to guests by SWVP in October, 2020. The hotel is Nashville's third largest with 591 guest rooms, 77,000 square feet of meeting space and event facilities, two full-service restaurants, seven bars, a spa, and an outdoor pool with entertainment deck. [31] In October 2021, Hyatt named SWVP the Developer of the Year in recognition of the work advancing the Grand Hyatt Nashville. [32] Grand Hyatt Nashville has been voted Best New Hotel in the United States by USA Today (2020) [33] [34] and voted Best Hotel in Nashville by Nashville Scene (2022). [35] The Grand Hyatt Nashville was voted the 2023 top meeting hotel in North America by Cvent [36] and hosted the 2023 SEC Media Days, the first time the event has been hosted in Nashville. [37]

The Union Station Nashville Yards

In July 2020, SWVP acquired the Union Station hotel, a 125-room hotel in Nashville, TN. [38]

Recent Acquisitions

In November 2022, SWVP acquired the 328-room JW Marriott Houston Downtown. In April 2023, SWVP acquired the 575-room JW Marriott Tucson Starr Pass Resort & Spa. [39] [2]

Related Research Articles

John Calvin Portman Jr. was an American neofuturistic architect and real estate developer widely known for popularizing hotels and office buildings with multi-storied interior atria. Portman also had a particularly large impact on the cityscape of his hometown of Atlanta, with the Peachtree Center complex serving as downtown's business and tourism anchor from the 1970s onward. The Peachtree Center area includes Portman-designed Hyatt, Westin, and Marriott hotels. Portman's plans typically deal with primitives in the forms of symmetrical squares and circles.

<span class="mw-page-title-main">Hilton Hotels & Resorts</span> Hotels and resorts company

Hilton Hotels & Resorts is a global brand of full-service hotels and resorts and the flagship brand of American multinational hospitality company Hilton.

<span class="mw-page-title-main">Hyatt</span> American multinational hospitality company

Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family.

<span class="mw-page-title-main">Adam's Mark</span> Defunct American hotel chain

Adam's Mark Hotels & Resorts was a chain of upscale hotels in the United States. The company was headquartered in the HBE Corporation offices in Creve Coeur, Missouri, in Greater St. Louis. Fred Kummer founded the chain in the early 1970s, as well as its parent, HBE Corp.

<span class="mw-page-title-main">L.A. Live</span> Entertainment complex located in downtown Los Angeles, California, US

L.A. Live is an entertainment complex in the South Park District of Downtown Los Angeles, California. It is adjacent to the Crypto.com Arena and Los Angeles Convention Center.

<span class="mw-page-title-main">Gaylord Opryland Resort & Convention Center</span> Hotel and convention center in Tennessee

Gaylord Opryland Resort & Convention Center, formerly known as Opryland Hotel, is a hotel and convention center located in Nashville, Tennessee. It is owned by Ryman Hospitality Properties, and operated by Marriott International.

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named after National Historic Landmark the Ryman Auditorium, built as a tabernacle by Captain Thomas G. Ryman in 1892 and later the home of the Grand Ole Opry from 1943 to 1974. The hospitality group was founded by Edward Gaylord. Prior to its public ownership, it was previously a subsidiary of the Oklahoma City-based Oklahoma Publishing Company, which was formerly owned by the Gaylord family for 71 years until 2011. The OPUBCO company was once the longtime publisher of the Daily Oklahoman newspaper. Until 2012, the company was known as Gaylord Entertainment Company, and earlier as Gaylord Broadcasting Company. The company has operated as a real estate investment trust since October 1, 2012.

<span class="mw-page-title-main">JW Marriott Hotels</span> Mid luxury hotel brand

JW Marriott is a luxury hotel brand owned by Marriott International.

<span class="mw-page-title-main">Renaissance Hotels</span> Hotel brand of Marriott International

Renaissance Hotels was founded as Ramada Renaissance in 1981, as an upscale brand of Ramada Inns. Hong Kong-based New World Development (NWD) acquired Ramada in 1989 and re-launched Renaissance Hotels as a separate brand. The brand was acquired by Marriott International in 1997. As of January 31, 2023, it has over 170 hotels worldwide.

<span class="mw-page-title-main">Marriott Hotels & Resorts</span> Flagship brand of Marriott International

Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 hotels with 47,765 rooms planned for development.

Le Méridien is an upscale, design-focused international hotel brand with a European perspective. It was originally founded by Air France in 1972 and was later based in the United Kingdom. Marriott International now owns the chain. As of June 2021, it had a portfolio of 109 open hotels with 29,439 rooms and a pipeline of 37 hotels with 9,585 upcoming rooms.

Loews Hotels is an American luxury hospitality company that owns or operates 26 hotels in the United States and Canada. Loews' hotels and resorts are located in major North American city centers and resort destinations.

<span class="mw-page-title-main">Marriott's Grand Chateau</span> Timeshare in Paradise, Nevada

Marriott’s Grand Chateau is a timeshare resort near the Las Vegas Strip in Paradise, Nevada, managed by Marriott Vacation Club. It is a 38-story tower with three wings; a fourth wing is planned. It has 643 suites, and amenities including a gym, three bars, and two swimming pools.

Turnberry Associates is a real estate development and management company in the United States. The company has developed over $10 billion worth of properties during the course of its history. Current holdings in its portfolio include the Aventura Mall, the JW Marriott Nashville Marriott, and SoLé Mia. Jackie Soffer is chairman and chief executive officer. The company was founded in 1967 by Donald Soffer.

Omni Hotels & Resorts is an American privately held, international luxury hotel company based in Dallas, Texas. The company was founded in 1958 as Dunfey Hotels, and operates 50 properties in the United States, Canada, and formerly had a property in Mexico, totaling over 20,010 rooms and employing more than 23,000 people.

<span class="mw-page-title-main">Park Hotels & Resorts</span> Organization

Park Hotels & Resorts is a real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.

References

  1. ↑ "Contact Us". Southwest Value Partners. Retrieved August 2, 2018.
  2. 1 2 3 "Southwest Value Partners Acquires JW Marriott Tucson Starr Pass Resort & Spa". The Daily News. 2023-04-25. Retrieved 2023-05-23.
  3. 1 2 Rivera, Steve (April 23, 2005). "Having a Blast". Tucson Citizen . Retrieved November 30, 2017.
  4. ↑ Gumbel, Peter (February 19, 1997). "Arizona Firm Has Bought 30% Of Prime San Diego Real Estate". Wall Street Journal. Retrieved September 25, 2018.
  5. ↑ Southwest Value Partners: "Three Downtown Towers are Sold for $274 Million" June 17, 2004. Retrieved November 30, 2017.
  6. ↑ Brinkmann, Paul (January 3, 2018). "Deeds recorded on $208M purchase of downtown Orlando towers". Orlando Sentinel. Retrieved September 25, 2018.
  7. ↑ Aslam, Sarah (December 22, 2017). "San Diego firm scoops up 3 downtown Orlando trophy towers for more than $200M". Orlando Business Journal. Retrieved September 25, 2018.
  8. ↑ "Southwest Value Partners plans to buy Union Station Hotel". NewsChannel5: Nashville. June 11, 2020. Retrieved 30 June 2020.
  9. ↑ Shapiro, Danny (2023-07-31). "Hilton-branded DoubleTree Resort in Scottsdale sold to investor". KTAR.com. Retrieved 2023-09-03.
  10. 1 2 Mazza, Sandy (August 26, 2019). "Nashville Yards developer announces new deal at site of Amazon campus and entertainment district". The Tennessean. Retrieved August 28, 2019.
  11. ↑ Meyer, Holly (January 6, 2018). "LifeWay implosion: How does the tower's namesake feel?". The Tennessean. Retrieved July 25, 2018.
  12. ↑ Snyder, Eric (July 23, 2018). "Watch downtown's Sullivan Tower come crashing down". Nashville Business Journal. Retrieved July 25, 2018.
  13. ↑ Williams, William (2023-02-14). "Notes: Nashville Yards sees $36.3M deal as towers rise". Nashville Post. Retrieved 2023-05-23.
  14. ↑ Scolca, Tudor (2021-10-11). "$1B Nashville Yards Project Lands New Tenant". Commercial Property Executive. Retrieved 2023-05-23.
  15. ↑ Hutchinson, Drew (September 22, 2021). "Exclusive: Developer shares updated plans, timeline for 18-acre Nashville Yards project". www.bizjournals.com. Retrieved 2023-05-23.
  16. ↑ "Take a sneak peek inside the Amazon Nashville office". US About Amazon. 2021-11-12. Retrieved 2023-05-24.
  17. ↑ "Nashville Yards | AEG Worldwide". www.aegworldwide.com. Retrieved 2023-05-24.
  18. ↑ "Ascension Saint Thomas and Nashville Yards Announce Founding Partnership | Nashville Yards" . Retrieved 2023-05-24.
  19. ↑ "Partnerships | Gallagher USA". Gallagher US. Retrieved 2023-05-24.
  20. ↑ "Pinnacle Financial Partners Inks Landmark Agreement To Become A Founding Partner Of Nashville Yards | Nashville Yards" . Retrieved 2023-05-24.
  21. ↑ "Bass, Berry & Sims Relocating to Nashville Yards | Nashville Yards" . Retrieved 2023-05-24.
  22. ↑ "Susan G. Komen® And Southwest Value Partners Join Forces To Fight Breast Cancer In Middle Tennessee". Susan G. Komen®. Retrieved 2023-05-24.
  23. ↑ "Nashville Scene: Sean Brock Prepares to Reopen The Continental — and He's Fired Up About It | Nashville Yards" . Retrieved 2023-05-24.
  24. ↑ Tamburin, Adam (October 27, 2021). "New retail moving to Nashville Yards". AXIOS Nashville. Retrieved May 24, 2023.
  25. ↑ "The Tennessean: 'Creating a community': Goddard School set to open at Nashville Yards in 2025" . Retrieved 2023-09-03.
  26. ↑ "A luxurious dine-in cinema, entertainment venue to arrive in Nashville". FOX 17 WZTV. 2022-09-20. Retrieved 2023-05-23.
  27. ↑ Webb, Skylar (2022-09-20). "EVO Entertainment secures a spot at Nashville Yards development". NASHtoday. Retrieved 2023-05-23.
  28. ↑ Masters, Julia (September 20, 2022). "EVO Entertainment coming to Nashville Yards, bringing a luxury cinema, gaming center, more". www.bizjournals.com. Retrieved 2023-05-23.
  29. ↑ Young, Amelia (2022-09-21). "More entertainment features announced for Nashville Yards including luxury cinema". News Channel 5 Nashville (WTVF). Retrieved 2023-05-23.
  30. ↑ Press, Erica (2018-10-31). "Marriott Warner Center | Southwest Value Partners | Laurus". The Real Deal. Retrieved 2023-05-23.
  31. ↑ Tostado, Alex (2020-10-02). "Southwest Value Partners Opens 591-Room Grand Hyatt Hotel Within Nashville Yards". REBusinessOnline. Retrieved 2023-05-23.
  32. ↑ Rokou, Tatiana (2021-11-16). "Hyatt recognizes full service and select service owners, operators and developers at 2021 Americas Owners Conference". TravelDailyNews International (in Greek). Retrieved 2023-05-24.
  33. ↑ Burnett, Marq (January 8, 2021). "USA Today taps Nashville's Grand Hyatt as best new hotel in the country". www.bizjournals.com. Retrieved 2023-05-24.
  34. ↑ "Grand Hyatt Nashville Proudly Supports Smashville, Preds Fans". NHL.com. Retrieved 2023-05-24.
  35. ↑ "Retail & Services - Best of Nashville". Nashville Scene. Retrieved 2023-05-24.
  36. ↑ "Grand Hyatt Nashville". toplists.cvent.com. Retrieved 2023-09-03.
  37. ↑ Parks, James (2023-07-17). "SEC Media Days 2023 schedule, how to watch". College Football HQ. Retrieved 2023-09-03.
  38. ↑ "Nashville Yards developer to buy Union Station Hotel". Nashville Post. 2020-06-11. Retrieved 2023-05-23.
  39. ↑ Walters, Jenna (April 27, 2023). "Southwest Value Partners acquires JW Marriott resort in Tucson for $110M". Hotel Dive. Retrieved 2023-05-23.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.