AVANA Capital and Middletown Hotel Management Team Up to Create New Hotel and Event Center in West Chester, Ohio

WEST CHESTER, Ohio--()--AVANA Capital and Middletown Hotel Management (MHM) have brought to fruition an impressive hotel and event center that will be an anchor for the township and a Butler County tourism draw for years to come.

The new, modern and contemporary Centre Park is expected to create up to 135 new full- and part-time jobs and will feature a full-service Holiday Inn with 130 rooms, an Event and Banquet Center that can entertain up to 650 guests, Johnny’s Italian Steakhouse restaurant (the “First in Ohio”), and a “Blue” Lounge. The owners, Middletown Hotel Management-Union Center Innkeepers, project an opening sometime in the fall of 2015. Follow the progress on www.Facebook.com/CentreParkHI for job postings, giveaways, pictures and updates.

The groundbreaking for Centre Park will be celebrated in a private ceremony at the site, located at 5800 Muhlhauser Road, at 4 p.m. on Wednesday, August 27th. Representatives from U.S. House Speaker John Boehner’s office and Ohio Governor John Kasich’s office along with Senator Bill Coley are expected to attend. Members of the media are invited to cover the event.

As with many MHM projects, the facility, to be constructed by HiFive Development, Mason, OH, will be one of the most eco-friendly hotels in the marketplace, featuring LED lighting, a rooftop energy management system to control heating and air, and acoustical separation to minimize noise.

Middletown Hotel Management owns and operates several Marriott, Hilton, and IHG Brand hotels in the Columbus, Cincinnati, and Dayton markets. With its approximately 200 employees, MHM is carving out a niche in the hospitality industry as consistently exceeding guest expectations by anticipating their needs, attention to detail, and demonstrating warmth and concern.

AVANA Capital, a commercial real estate lending company based in Arizona, provided a critical helping hand that will bring business to West Chester and beyond, and by extension, strengthen the community.

“The can-do attitude of the AVANA Capital people was key to bringing this project to life,” said Bob Ritter, Vice President of Operations for Middletown. “There’s no substitute for a drive to want to get things done, and that’s what AVANA brought to the table. It is always great to work with professionals who are able to focus on a single goal and make it happen. Financing was a challenge and without their help, we wouldn’t be as far along. They had patience and made sure all requirements were met.”

AVANA Capital has funded more than $600 million in loans in 30 states across the country, preserving or generating more than 9,000 jobs.

"This is the exact kind of execution that makes us proud," said Sanat Patel, Managing Partner of AVANA Capital. “It was a team effort through and through with Payal Bhatia, our underwriter, at the center of the beehive, coordinating all the people and moving parts fluidly and efficiently. We are excited to help in creating a major hub of business and activity with Middletown Management's team, as well as our bank lending partners, IAB Financial of Fort Wayne, IN and Metro City Bank of Atlanta, GA. There will be new jobs, a great new event venue, new dining and entertainment options, and a new destination for tourists and business travelers. Kudos to all for achieving the true meaning of 'team.'"

For more information on Middletown Hotel Management, visit www.middletownhotelmanagement.com. For more information on AVANA Capital and its products, visit www.avanacapital.com.

Contacts

For AVANA Capital
Tom Evans, 602-448-5483
www.avanacapital.com

Release Summary

AVANA Capital and Middletown Hotel Management have brought to fruition an impressive hotel and event center through innovative hospitality financing and construction.

Contacts

For AVANA Capital
Tom Evans, 602-448-5483
www.avanacapital.com