Sycan B acquiring Gateway area hotel.Byline: Joe Harwood The Register-Guard SPRINGFIELD - Hotel developer Sycan B Corp. will increase its already considerable share of the area's lodging market by adding the DoubleTree dou·ble·tree n. A crossbar on a wagon or carriage to which two whiffletrees are attached for harnessing two animals abreast. Noun 1. Hotel in the Gateway district to its stable. Sycan President Richard Boyles Richard Boyle may be:
The hotel includes a 12,000-square-foot meeting and banquet A banquet is a large public meal or feast, complete with main courses and desserts. It usually serves a purpose, such as a charitable gathering, a ceremony, or a celebration. Sometimes a banquet consists of only desserts, but it is advisable to include main courses as well. space that can accommodate up to 1,400 guests. Boyles said he is buying the property from Boykin, a Cleveland-based Real Estate Investment Trust. He declined to disclose the purchase price. Boyles has developed three hotels in the Gateway area - the Courtyard For alternative meanings of the word "court", see: Court (disambiguation). A court or courtyard is an enclosed area, often a space enclosed by a building that is open to the sky. by Marriot, the Holiday Inn Express and the Comfort Suites - and one in Eugene, the Residence Inn by Marriot. He also has developed a hotel in Central Point and is building a 102-room hotel in Hillsboro and a 140-room hotel in Medford. Boyles said he pursued the DoubleTree acquisition because he is familiar with Gateway and believes that "there is still a lot of opportunity" there. "In terms of lodging, it is the most convenient hotel and tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps". to get to if you are driving, and also from the (Eugene) airport," he said. Also, the 12,000-square-foot meeting space gives Boyles a piece of the market for large groups and conventions from across the region. Boyles' other local hotels don't have space for big meetings. Boyles said he expects demand for hotel rooms and meeting space to rise as the Gateway campus industrial area is built out, and as PeaceHealth builds its new hospital east of Gateway. |
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