Intergroup's Tandy O. Lofland Arranges New Operator for Sheraton Chapel Hill
February 1, 2018 - Tandy O. Lofland, CEO of Intergroup Realty, Inc. announced the firm advised Marcus Hotels & Resorts in its recent acquisition of the management agreement for the 168-key Sheraton Chapel Hill in Chapel Hill, North Carolina. The Sheraton is located proximate to Interstate 40 and a short drive from downtown Chapel Hill, the University of North Carolina Chapel Hill, Durham, and The Triangle, the largest research park in the United States. Founded in 1962, this is the first management assignment in North Carolina for Marcus Hotels & Resorts which owns and operates a wide variety of major-branded and independent hotels and resorts from coast to coast.
The Sheraton Chapel Hill offers beautifully appointed guestrooms and suites along with numerous facilities and amenities including the signature Southern restaurant Carolina 1663, the modern Sheraton Fitness Center, large pool and deck area, and over 16,000 square feet of flexible venue and event space.
For over 30 years Intergroup or its affiliates have developed or undertaken transactions for hundreds of projects and properties worth billions of dollars in the United States, Latin America, Caribbean, and Europe with an emphasis on middle-market, upscale, and luxury hotels, resorts, and mixed-use developments involving such companies as Four Seasons, Hilton, Marriott, Starwood, Hyatt, InterContinental Hotel Group, Carlson, Wyndham, Choice, Accor, Barceló, and others. Intergroup represents or has relationships with many owners, domestic and international investors, private equity firms, operators, and REITs. Intergroup is actively involved in acquisitions, dispositions, equity sourcing, redevelopments, new developments, recapitalizations, partnership formations, and advisory assignments in many U.S. markets and major destinations as well as in select foreign locations.
Tandy O. Lofland