Lexington Hotel on Southbank (former Wyndham) to get $20M Renovation in 2016

The Lexington Hotel (former Wyndham) located on the Southbank (CBD) was sold earlier this year by Colliers for $9M, and was purchased by Vantage Hospitality Group, who just announced some major renovations that will be made to the hotel during 2016. Updates to the structure will be very extensive and done in phases, and the hotel will remain open during the process. According to Karen Brune Mathis, the renovations will include:

  • Total exterior re-facing (will keep a nautical theme, but with white, blue and grey color scheme)
  • New roof; windows;
  • Remodeled pool; fifth floor terrace; fitness center; restaurant;
  • Upgrades to all rooms, including new flooring, windows, balconies, re-configured bathrooms and all new furniture

One of the few sections that will not be reconfigured (will be updated), is the conference center, which the company said has worked well in the past.

Karen Brune Mathis with the Daily Record has the story.

This announcement follows several other CBD hotel renovation announcements, including The Hyatt, Omni and Crown Plaza (just re-flagged as Double Tree). See former post on these renovations HERE.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on September 16, 2015, in Hotel-Restaurant-Tourism, JAX Daily Record and tagged , , . Bookmark the permalink. Leave a comment.

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