Development Renovations Management - Jackson … · Jackson Street Holdings LLC CoCo Key...

Jackson Street Holdings LLC 731 N Jackson Street

Suite 818 Milwaukee, WI 53202

414-226-1950

Development Renovations Management

Jackson Street Holdings LLC

About Jackson Street Holdings

Who We Are Jackson Street Holdings LLC is a leading hotel development, renovation, and management company based in Milwaukee, Wisconsin. With extensive real estate, construction and hospitality experience, our team of professionals has well-rounded knowledge that allows us to accommodate all facets of a project. We have an established reputation of providing clients with a quality product, on time, and on budget. In the past six years, Jackson Street Holdings LLC has worked with the industry’s leading brands on over $600 million in acquisitions and development across the United States.

What We Do Jackson Street Holdings LLC typical services include:

New Development Services Financial Analysis Feasibility Studies Entitlement Services Equity & Lender Relations

Development Management Services Complete Budget Tracking & Accountability Construction Project Management

Engineering Architecture GC Bidding and Management Construction Supply Procurement

FF&E Procurement and Project Management OS&E conversion supplies

Contact Us Jackson Street Holdings LLC 731 North Jackson Street Suite 818 Milwaukee, WI 53202 414-226-1950


Jackson Street Holdings Principals

Mark Flaherty Mark Flaherty provides over 25 years of diverse real estate industry experience. Specializing in real estate development, corporate leasing and sales, Flaherty has been involved with many large sales, developments and acquisitions in a variety of product types. Many of these include some of the largest transactions in the Midwest. In the past six years, Flaherty and his partners have completed over $600,000,000.00 in acquisitions and development.

Ed Carow Ed Carow provides over 30 years of diverse real estate industry experience. As past president of a large national property management company and over 10 years as owner of a real estate development firm, Carow has been integrally involved in acquisitions, management, development, ownership, consulting, finance, customer service and operations. Furthermore, his role has included management in excess of 20 intrastate and national real estate syndications and related administration. Unique to many developers, Carow and his partners also bring experience in the ownership and development in the hospitality sector. Wearing the “owner and

dealmaker hat,” he has been responsible for value creation and the repositioning of assets through creative deal structure and development.

Randall Erkert Randy Erkert provides over 25 years of experience in real estate, corporate and securities lending. A partner at Mallery & Zimmerman, S.C. with offices located in Milwaukee, Wausau, Stevens Point, and Mosinee, Wisconsin, Erkert specializes in Lending, Real Estate, and Corporate/Business/Healthcare Law. He represents real estate developers, owners, contractors and occupants with all types of projects, including office buildings, medical buildings, residential and non-residential condominiums, subdivisions, hotels, apartment projects, shopping centers, industrial properties, recreational and sports properties, marinas, business and

office parks and mixed-use developments. His clients include for profit and non-profit companies of all sizes.


Project Summary

Property Name Location # of Rooms Total Project Costs

Milwaukee Marriott Downtown Milwaukee, WI 204 $54,000,000

Aloft Milwaukee Milwaukee, WI 160 $27,700,000

Country Springs Hotel Waukesha, WI 187 $25,175,000

Sheraton Chicago Northwest Arlington Heights, IL 429 $55,000,000

Clock Tower Resort Rockford, IL 245 $35,000,000

Cherry Valley Lodge Newark, OH 200 $36,000,000

Sheraton Ferncroft Danvers, MA 361 $65,000,000

Sheraton Cincinnati Sharonville, OH 352 $60,000,000

Holiday Inn Omaha Omaha, NE 383 $46,000,000

Sheraton Kansas City Sports Complex Kansas City, MO 374 $53,000,000

Marriott Mount Laurel Mount Laurel, NJ 283 $62,000,000

Connecticut Grand Waterbury, CT 282 $42,000,000

Courtyard by Marriott Fitchburg, MA 245 $43,000,000

Orlando CoCo Key Orlando, FL 391 $27,000,000

Total 4,096 $630,875,000

Over $600,000 in new acquisitions, developments and renovations in the past 6 years.

Balance Sheets to ensure a comfort level to any owner group on new developments.

Principals have over 75 years combined experience in new developments, construction and renovations.


Milwaukee Marriott Downtown

Milwaukee Marriott Downtown 323 East Wisconsin Avenue Milwaukee, Wisconsin 53202 Original Hotel Construction Under Construction—Opening March 2013 Hotel Guest Rooms 204 Meeting Space 8,800 Square Feet Scope of Development $54 million new construction hotel in downtown Milwaukee, WI.


Aloft Milwaukee Downtown

Aloft Milwaukee Hotel 1230 Old World Third Street Milwaukee, Wisconsin 53212 Original Hotel Construction 2009 Hotel Guest Rooms 160 Meeting Space 4,600 Square Feet Scope of Development $24.7 million new construction hotel in downtown Milwaukee, WI.


Country Springs Hotel

Country Springs Hotel 2810 Golf Road Waukesha, Wisconsin 53187 Original Hotel Construction 1972 Hotel Guest Rooms 187 Meeting Space 40,000 Square Feet Water Resort Addition 45,000 Square Feet Scope of Development $10.3 million new construction indoor water resort added to the hotel facility.


CoCo Key Resort—Orlando

CoCo Key Resort—Orlando 7400 International Drive Orlando, Florida 32819 Original Hotel Construction 1969 Hotel Guest Rooms 370 Meeting Space 10,000 Square Feet Water Resort Addition 54,000 Square Feet Scope of Renovation $17.9 million dollar renovation. Work included exterior reconstruction, guest room rebuild, sprinkler/life safety install, new restaurant, food court, adult pool area, porte cochere, landscaping, FF&E, meeting space, and lobby. Scope of Water Resort $9.1 million new construction partially covered water resort added to the hotel facility.


Best Western Clock Tower Resort and Conference Center

Best Western Clock Tower Resort and Conference Center 7801 East State Street Rockford, Illinois 61108 Original Hotel Construction 1967 Hotel Guest Rooms 245 Meeting Space Over 14,500 Square Feet Water Resort Addition 60,000 Square Feet Scope of Renovation $2 million renovation to achieve Best Western re-flag. Various mechanical, electrical and FF&E upgrades were implemented to adhere with the standards of the Best Western flag. Scope of Water Resort $15.7 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.


Cherry Valley Lodge

Cherry Valley Lodge 2299 Cherry Valley Road Newark, Ohio 43055 Original Hotel Construction 1993 Hotel Guest Rooms 200 Meeting Space Over 10,000 Square Feet Water Resort Addition 50,000 Square Feet Scope of Water Resort $15.7 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.


Sheraton Ferncroft

Sheraton Ferncroft 50 Ferncroft Road Danvers, Massachusetts 01923 Original Hotel Construction Late 1970’s Hotel Guest Rooms 367 Meeting Space Over 30,000 Square Feet Water Resort Addition 65,000 Square Feet Scope of Renovation $12.5 million renovation of operating property including complete ground floor renovation of all public space including demolition and alternative use of new space. Additional full renovation of 367 guest rooms, including complete bath room renovation. Scope of Water Resort $21 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.


Holiday Inn Omaha Central

Holiday Inn Omaha Central 3321 South 72nd Street Omaha, Nebraska 68124 Original Hotel Construction 1965 Hotel Guest Rooms 383 Meeting Space Over 61,000 Square Feet Water Resort Addition 50,000 Square Feet Scope of Renovation $10.5 million renovation including guest rooms and partial FF&E replacement or reutilizing FF&E in rooms that did not receive new product. In addition, a complete public space renovation was completed including adding a local coffee shop and re-imaging the exterior. Scope of Water Resort $18.5 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.


Sheraton Cincinnati

Sheraton Cincinnati 11320 Chester Road Cincinnati, Ohio 45246 Original Hotel Construction 1965 Hotel Guest Rooms 383 Meeting Space Over 61,000 Square Feet Water Resort Addition 50,000 Square Feet Scope of Renovation $10.5 million renovation including guest rooms and partial FF&E replacement or reutilizing FF&E in rooms that did not receive new product. In addition, a complete public space renovation was completed including adding a local coffee shop and re-imaging the exterior. Scope of Water Resort $18.5 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.


Sheraton Kansas City Sports Complex Hotel 9103 East 39th Street Kansas City, Missouri 64133 Original Hotel Construction 1978 Hotel Guest Rooms 374 Meeting Space Over 20,000 Square Feet Water Resort Addition 55,000 Square Feet Scope of Renovation $22.5 million complete renovation of operating property with re-flag from Clarion to Sheraton. 100% guest and bathroom renovation including all FF&E. Radical public space renovation including alternative space usage. Scope of Water Resort $19.3 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.

Best Sheraton Kansas City Sports Complex Hotel


Mount Laurel Marriott 915 Route 73 Mt. Laurel, New Jersey 08054 Original Hotel Construction 1972 Hotel Guest Rooms 285 Meeting Space Over 10,000 Square Feet Water Resort Addition 55,000 Square Feet Scope of Renovation $2 million exterior refurbishment including complete porte cochere re-build, addition of architectural steel features, complete painting, building stealthing and landscaping. Scope of Water Resort $20.6 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.

Mount Laurel Marriott


Holiday Inn Waterbury 3580 East Main Street Waterbury, Connecticut 06705 Original Hotel Construction 1985 Hotel Guest Rooms 282 Meeting Space Over 40,000 Square Feet Water Resort Addition 50,000 Square Feet Scope of Renovation $3.5 million renovation to achieve Holiday Inn re-flag. This included partial guest room and lobby renovation. 2-Phase project designed to complete Holiday Inn re-flag requirements prior to overall completion. Scope of Water Resort $18.1 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.

Holiday Inn Waterbury


Fitchburg Best Western Royal Trade Center 150 Royal Plaza Drive Fitchburg, Massachusetts 01420 Original Hotel Construction 1982 Hotel Guest Rooms 245 Meeting Space 13,000 Square Feet + 67,000 Square Feet Trade Center Water Resort Addition 50,000 Square Feet Scope of Renovation $13 million complete renovation to achieve Marriott Courtyard re-flag, including 100% guestroom renova-tion. The public space was oriented to change front entry to side entry of building, in addition to exterior and meeting room renovations. Scope of Water Resort $16.3 million new construction indoor water resort added to the hotel facility and branded a CoCo Key Water Resort.

Fitchburg Best Western Royal Trade Center


Fairfield Inn & Suites 11440 Chester Road Cincinnati, Ohio 45246 Original Hotel Construction 1968 Hotel Guest Rooms 95 Meeting Space 1200 Square Feet Scope of Renovation $1 million renovation to achieve Marriott Fairfield Inn & Suites re-flag. To achieve the strict requirements of the Marriott flag, minor guest room work, exterior renovation and major life safety upgrades were required. Scope of Water Resort Water Resort for Sheraton Cincinnati is located between the two hotels. Please see “Sheraton Cincinnati” for water resort information.

Fairfield Inn & Suites

Development Renovations Management - Jackson … · Jackson Street Holdings LLC CoCo Key...

Documents

Transcript of Development Renovations Management - Jackson … · Jackson Street Holdings LLC CoCo Key...