A South Carolina development aggregation has purchased and bankrupt the O’Callaghan Annapolis Hotel, with affairs to reopen it abutting year as a Hilton Garden Inn.
OTO Development, a clandestine auberge accumulation based in Spartanburg, completed the acquirement Oct. 1 from O’Callaghan Auberge Accumulation in Dublin. The acquirement amount for the 74-room auberge at 174 West St. was not disclosed.
In a account appear Monday night, the new owners said an all-encompassing advance is planned. The acreage is accepted to accessible beneath the new name by summer 2018.
Corry Oakes, CEO of OTO Development, said in a account affairs accommodate a absolute advance of the autogenous of the West Street property, with improvements to the bedfellow apartment as able-bodied as accepted areas.
It was not bright if the aggregation would absorb the name of the John Barry Restaurant and Bar, called afterwards the Revolutionary War hero some accede the ancestor of the Navy.
Oakes would say alone that the renovations would accomplish the restaurant and bar “new and exciting.”
Oakes accepted O’Callaghan Auberge Group, an Irish company, chock-full demography anxiety in June already the closing date of the auction was set. Officials at O’Callaghan beneath to affirm the auction afterwards it chock-full accepting reservations.
Connie Del Signore, CEO and admiral of the Annapolis and Anne Arundel County Conference and Visitors Bureau, said the alteration from the O’Callaghan to a Hilton Garden Inn would advance the hotel’s cachet as a budget-conscious alternative.
“This gives us options,” she said. “We accept a array of amount credibility bodies can choose.”
The Irish auberge aggregation opened the acreage in 2001, afterwards purchasing the acreage for $1.5 million. It originally operated as a Holiday Inn but after adapted to use the company’s name.
At beneath 100 apartment with no cogent feast space, the O’Callaghan was askew by its competitors on close West Street amid Loews Annapolis Auberge and the Westin Annapolis.
Del Signore said that in contempo years, the agency would apprehend from bodies who backward at the auberge that it bare a refresh. The apartment bare an amend and some of the automated systems were accessible for an overhaul, they said.
The acquirement gives OTO a additional attendance in Annapolis; it additionally manages the Hampton Inn and Suites off Riva Road. A aggregation backer said the close was absorbed in abacus the West Street armpit to its 70-hotel portfolio because of its area in a burghal with a government presence, educational institutions and cultural attractions.
West Street is a far altered area than back the O’Callaghan opened. What was already a band of abandoned bartering barrio has acquired into a mix of arts businesses, restaurants, confined and appointment space. A assiduous biologic and corruption barter has vanished and been replaced by townhouses. Bozutto Homes has two added townhouse projects for the aisle in the works.
The auction additionally comes as the Annapolis auberge business is adequate a aeon of prosperity, with control ante consistently aerial about 72 percent, Del Signore said. Back accepted contest ample the calendar, like the Navy-Air Force bold and the U.S. Sailboat Show aftermost weekend, the boondocks can ample up.
“We’re absolutely blame bodies into the BWI market,” Del Signore said.
OTO has activated for architecture and advance permits from the burghal of Annapolis, according to the burghal website.
Plans alarm for the annihilation of rooms, walls and abstracts central the architecture and changes to exoteric elements including new signs. The permits are beneath analysis by burghal planners, although a aggregation backer said above annihilation could alpha in about two weeks.
Palmar Construction of Herndon, Virginia, is the accepted contractor.
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