Southwest Value Partners Explained

Southwest Value Partners
Type:Private
Industry:Real estate
Foundation:1990
Location:San Diego, California, US
Num Employees:43
Num Employees Year:2023

Southwest Value Partners (SWVP) is an American, privately held real estate investment company. It is headquartered in San Diego, with offices in Scottsdale, Tucson and Nashville.[1] [2]

History

SWVP was founded in 1990.[3] SWVP is owned and co-managed by Mark Schlossberg and Cary Mack.

In 1995, SWVP purchased the Emerald Plaza in San Diego.[3]

As of February 1997, the company controlled almost 30% of the Class A office space in downtown San Diego.[4]

In 2004, SWVP sold the Emerald Plaza and two other San Diego office buildings to Santa Ana real estate firm Triple Net Properties for $274.5 million.[5]

In December 2017, SWVP bought the Bank of America Center and two other towers in downtown Orlando, Florida from Cousins Properties for more than $200 million.[6] [7]

In June 2020, SWVP confirmed it had reached a deal to acquire the Union Station Hotel in Nashville.[8]

In July 2023, SWVP sold the DoubleTree Resort Paradise Valley to Global Hospitality Investment Group for $115.5 million.[9]

Notable Investments

Nashville Yards

SWVP is the owner and developer of Nashville Yards, an 18-acre mixed-use development at the gateway to Nashville's central business district. Nashville Yards is bordered by the two main traffic corridors into downtown Nashville – Broadway and Church Street.[10]

In 2018, SWVP demolished the Draper Tower and the Sullivan Tower in Nashville, Tennessee to develop Nashville Yards, the site of Amazon's projected Operations Center of Excellence.[11] [12] In August 2019, SVP "made a meaningful financial commitment on a multiyear basis" to the Susan G. Komen Breast Cancer Foundation, with relevant events planned at Nashville Yards.

When complete, Nashville Yards will contain more than 3 million square feet of Class A and creative office space, 2,000 residential units, 365,000 square feet of retail, food and beverage, and entertainment space, 1,000 hotel rooms, 80,000 square feet group and convention meeting space, a 4,500 capacity music and event venue, and 7+ acres of activated open space.[13] [14] [15]

Nashville Yards tenants and brand partnerships include Amazon,[16] Anschutz Entertainment Group,[17] Ascension Saint Thomas,[18] Gallagher,[19] Pinnacle Financial Partners,[20] Bass Berry & Sims,[21] Grand Hyatt, Marriott, Susan G. Komen,[22] Sean Brock,[23] Starbucks,[24] The Goddard School and others.[25]

In partnership with AEG, SWVP is co-developing a 4,500-occupant live music and event venue, and a 415,000 square foot creative office and retail building at Nashville Yards.[26] [27] [28] [29]

Warner Center Marriott Woodland Hills

In 2018, Southwest Value Partners, paid $122 million to acquire the Warner Center Marriott in Woodland Hills.[30]

Grand Hyatt Nashville

Grand Hyatt Nashville was opened to guests by SWVP in October, 2020. The hotel is Nashville's third largest with 591 guest rooms, 77,000 square feet of meeting space and event facilities, two full-service restaurants, seven bars, a spa, and an outdoor pool with entertainment deck.[31] In October 2021, Hyatt named SWVP the Developer of the Year in recognition of the work advancing the Grand Hyatt Nashville.[32] Grand Hyatt Nashville has been voted Best New Hotel in the United States by USA Today (2020)[33] [34] and voted Best Hotel in Nashville by Nashville Scene (2022).[35] The Grand Hyatt Nashville was voted the 2023 top meeting hotel in North America by Cvent[36] and hosted the 2023 SEC Media Days, the first time the event has been hosted in Nashville.[37]

The Union Station Nashville Yards

In July 2020, SWVP acquired the Union Station hotel, a 125-room hotel in Nashville, TN.[38]

Recent Acquisitions

In November 2022, SWVP acquired the 328-room JW Marriott Houston Downtown. In April 2023, SWVP acquired the 575-room JW Marriott Tucson Starr Pass Resort & Spa.[39]

External links

Notes and References

  1. Web site: Contact Us . August 2, 2018 . Southwest Value Partners.
  2. Web site: 2023-04-25 . Southwest Value Partners Acquires JW Marriott Tucson Starr Pass Resort & Spa . 2023-05-23 . The Daily News . en.
  3. Web site: Rivera . Steve . April 23, 2005 . Having a Blast . November 30, 2017 . Tucson Citizen.
  4. News: Peter . Gumbel . Arizona Firm Has Bought 30% Of Prime San Diego Real Estate . Wall Street Journal . February 19, 1997 . September 25, 2018 .
  5. http://swvp.com/three-downtown-towers-are-sold-for-274-million/ Southwest Value Partners: "Three Downtown Towers are Sold for $274 Million"
  6. News: Brinkmann . Paul . January 3, 2018 . Deeds recorded on $208M purchase of downtown Orlando towers . Orlando Sentinel . September 25, 2018.
  7. News: Sarah . Aslam . San Diego firm scoops up 3 downtown Orlando trophy towers for more than $200M . Orlando Business Journal . December 22, 2017 . September 25, 2018 .
  8. Web site: June 11, 2020 . Southwest Value Partners plans to buy Union Station Hotel . 30 June 2020 . NewsChannel5: Nashville.
  9. Web site: Shapiro . Danny . 2023-07-31 . Hilton-branded DoubleTree Resort in Scottsdale sold to investor . 2023-09-03 . KTAR.com . en.
  10. News: Mazza . Sandy . August 26, 2019 . Nashville Yards developer announces new deal at site of Amazon campus and entertainment district . The Tennessean . August 28, 2019.
  11. News: Meyer . Holly . January 6, 2018 . LifeWay implosion: How does the tower's namesake feel? . The Tennessean . July 25, 2018.
  12. News: Snyder . Eric . July 23, 2018 . Watch downtown's Sullivan Tower come crashing down . Nashville Business Journal . July 25, 2018.
  13. Web site: Williams . William . 2023-02-14 . Notes: Nashville Yards sees $36.3M deal as towers rise . 2023-05-23 . Nashville Post . en.
  14. Web site: Scolca . Tudor . 2021-10-11 . $1B Nashville Yards Project Lands New Tenant . 2023-05-23 . Commercial Property Executive . en-US.
  15. Web site: Hutchinson . Drew . September 22, 2021 . Exclusive: Developer shares updated plans, timeline for 18-acre Nashville Yards project . 2023-05-23 . www.bizjournals.com.
  16. Web site: 2021-11-12 . Take a sneak peek inside the Amazon Nashville office . 2023-05-24 . US About Amazon . en.
  17. Web site: Nashville Yards AEG Worldwide . 2023-05-24 . www.aegworldwide.com.
  18. Web site: Ascension Saint Thomas and Nashville Yards Announce Founding Partnership Nashville Yards . 2023-05-24 . en-US.
  19. Web site: Partnerships Gallagher USA . 2023-05-24 . Gallagher US . en.
  20. Web site: Pinnacle Financial Partners Inks Landmark Agreement To Become A Founding Partner Of Nashville Yards Nashville Yards . 2023-05-24 . en-US.
  21. Web site: Bass, Berry & Sims Relocating to Nashville Yards Nashville Yards . 2023-05-24 . en-US.
  22. Web site: Susan G. Komen® And Southwest Value Partners Join Forces To Fight Breast Cancer In Middle Tennessee . 2023-05-24 . Susan G. Komen® . en-US.
  23. Web site: Nashville Scene: Sean Brock Prepares to Reopen The Continental — and He's Fired Up About It Nashville Yards . 2023-05-24 . en-US.
  24. Web site: Tamburin . Adam . October 27, 2021 . New retail moving to Nashville Yards . May 24, 2023 . AXIOS Nashville.
  25. Web site: The Tennessean: 'Creating a community': Goddard School set to open at Nashville Yards in 2025 . 2023-09-03 . en-US.
  26. Web site: 2022-09-20 . A luxurious dine-in cinema, entertainment venue to arrive in Nashville . 2023-05-23 . FOX 17 WZTV . en.
  27. Web site: Webb . Skylar . 2022-09-20 . EVO Entertainment secures a spot at Nashville Yards development . 2023-05-23 . NASHtoday . en.
  28. Web site: Masters . Julia . September 20, 2022 . EVO Entertainment coming to Nashville Yards, bringing a luxury cinema, gaming center, more . 2023-05-23 . www.bizjournals.com.
  29. Web site: Young . Amelia . 2022-09-21 . More entertainment features announced for Nashville Yards including luxury cinema . 2023-05-23 . News Channel 5 Nashville (WTVF) . en.
  30. Web site: Press . Erica . 2018-10-31 . Marriott Warner Center Southwest Value Partners Laurus . 2023-05-23 . The Real Deal . en.
  31. Web site: Tostado . Alex . 2020-10-02 . Southwest Value Partners Opens 591-Room Grand Hyatt Hotel Within Nashville Yards . 2023-05-23 . REBusinessOnline . en-US.
  32. Web site: Rokou . Tatiana . 2021-11-16 . Hyatt recognizes full service and select service owners, operators and developers at 2021 Americas Owners Conference . 2023-05-24 . TravelDailyNews International . el.
  33. Web site: Burnett . Marq . January 8, 2021 . USA Today taps Nashville's Grand Hyatt as best new hotel in the country . 2023-05-24 . www.bizjournals.com.
  34. Web site: Grand Hyatt Nashville Proudly Supports Smashville, Preds Fans . 2023-05-24 . NHL.com . en-US.
  35. Web site: Retail & Services - Best of Nashville . 2023-05-24 . Nashville Scene . en.
  36. Web site: Grand Hyatt Nashville . 2023-09-03 . toplists.cvent.com . en-US.
  37. Web site: Parks . James . 2023-07-17 . SEC Media Days 2023 schedule, how to watch . 2023-09-03 . College Football HQ . en.
  38. Web site: 2020-06-11 . Nashville Yards developer to buy Union Station Hotel . 2023-05-23 . Nashville Post . en.
  39. Web site: Walters . Jenna . April 27, 2023 . Southwest Value Partners acquires JW Marriott resort in Tucson for $110M . 2023-05-23 . Hotel Dive . en-US.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Southwest Value Partners".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.