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	<title>131Key Archives - VRJ Properties</title>
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	<description>Multifamily and Commercial Real Estate Investments</description>
	<lastBuildDate>Mon, 14 Oct 2024 16:31:57 +0000</lastBuildDate>
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	<title>131Key Archives - VRJ Properties</title>
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		<title>BPR Eyeing JIA for 131-Key Hotel</title>
		<link>https://vrjproperties.com/bpr-eyeing-jia-for-131-key-hotel/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Mon, 14 Oct 2024 14:30:01 +0000</pubDate>
				<category><![CDATA[Hospitality]]></category>
		<category><![CDATA[131Key]]></category>
		<category><![CDATA[BPR]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Eyeing]]></category>
		<category><![CDATA[Hotel]]></category>
		<category><![CDATA[JIA]]></category>
		<category><![CDATA[real estate]]></category>
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					<description><![CDATA[<p>BPR Properties is hoping to get city approval to build a 131-room Homewood Suites by Hilton near Jacksonville International Airport. The project, on 2.6 acres at 1771 Airport Road, is slated to be a four-story hotel. The company paid $1.43...</p>
<p>The post <a href="https://vrjproperties.com/bpr-eyeing-jia-for-131-key-hotel/">BPR Eyeing JIA for 131-Key Hotel</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="de3fa31f-2488-486b-8204-508e8a87019a">BPR Properties is hoping to get city approval to build a 131-room <strong>Homewood Suites by Hilton</strong> near Jacksonville International Airport. The project, on 2.6 acres at 1771 Airport Road, is slated to be a four-story hotel. The company paid $1.43 million for the vacant site in 2022. Amenities include in-room kitchens, free hot breakfast and pet-friendly rooms.</p>
<p data-beyondwords-marker="e0a855c0-9f9d-419f-91c9-83a3aaad88b5">Elevate of Atlanta is the architect. Ingenium Enterprises Inc. is the project consultant.</p>
<p data-beyondwords-marker="8e8a5c77-877d-43b0-95a1-4af3886abbc4" id="h711821-p8">The BPR website shows 27 properties listed as open, under construction or in development. BPR was founded in 1983 and has acquired and developed more than 100 hotels.</p>
<p data-beyondwords-marker="59635b9f-0f1c-48e5-bbea-d1757f7379bb" id="h711821-p11">BPR has been active in the hotel market near the airport. In 2022, the Daily Record reported it sold the Home2 Suites by Hilton Jacksonville Airport for $11.5 million. In 2018, a subsidiary of BPR sold the Hyatt Place Jacksonville Airport for $15.4 million.</p>
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<br /><a href="https://www.connectcre.com/stories/bpr-eyeing-jia-for-131-key-hotel/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/bpr-eyeing-jia-for-131-key-hotel/">BPR Eyeing JIA for 131-Key Hotel</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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