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Encore Hospitality, LLC Buys Two Hotels in McAllen, Texas and Tampa, Florida

Posted on: February 26, 2015 by Auxo Innovations

Residence Inn McAllen - McAllen, TX

(Dallas, Texas) February 26, 2015 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., has purchased a Residence Inn hotel in McAllen, Texas and a Hampton Inn hotel in the Westshore business district of Tampa, Florida. Both properties were previously owned by Encore Hospitality and sold in 2007. The hotels are expected to undergo renovations over the next 12 months.

The McAllen Residence Inn features 78 rooms and the Tampa Hampton Inn features 132 rooms. Both hotels offer attractive amenities such as an outdoor pool, a business center, free breakfast, 350-square-feet of meeting space and high speed Internet.

“We are excited to once again own these hotels and be back in these great markets,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to completing the renovations so our associates can continue to proudly deliver excellent services to our guests who will soon enjoy the newly renovated hotels.”

Both hotels are in close proximity to key landmarks such as airports, shopping malls, and various entertainment venues. McAllen, Texas is noted for its recent rapid growth and the affluent Westshore business district of Tampa contributes to Florida’s strong tourism industry.

“Business and leisure travelers alike are increasingly looking for best-in-class amenities during their stays at limited service hotels,” said Bharat Sangani, Chairman of Encore Enterprises. “Hampton Inn has been nationally recognized by JD Power as one of the top limited lodging brands and Residence Inn has consistently been recognized as the best extended stay brand. Both brands have large numbers of loyal customers. Once the renovations are complete, our hotels will offer our guests the best both brands have to offer.”

Encore Hospitality plans on spending approximately $30,000 per room on renovations.

About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated, hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector.

About Encore Enterprises, Inc.

Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, and commercial offices. For more information visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

Frisco Square Announced as Developer of the Year at Frisco Chamber Celebration

Posted on: January 23, 2015 by Auxo Innovations

frisco square press release image

Frisco, TEXAS (January 22, 2015) – Frisco businesses and several community individuals were honored on Friday, January 16 at the 31st Annual Awards Celebration hosted by the Frisco Chamber of Commerce. Over 700 attendees watched and listened as Joe Trahan, weekend sports anchor for WFAA, announced the winners for their achievements.

Frisco Square was extremely honored to have received the 2014 Developer of the Year Award. This would not have been possible without Pegasus Ablon’s 275 unit multi-family development, Ablon at Frisco Square, and the Encore Enterprises/Wolverine Interests office and retail project for Gearbox Software’s new headquarters, the Tower at Frisco Square.

Frisco Square congratulates all of the business award winners in their categories:

  • Solopreneur: Gamble Media Group
  • Micro Business: Newman Real Estate
  • Small Business: Community Impact Newspaper
  • Medium Business: Garver, LLC
  • Large Business: PGA Pro Superstore
  • Macro Business: Strasburger & Price LLC
  • Developer: Frisco Square
  • Small Nonprofit: Heritage Association of Frisco
  • Large Nonprofit: Children’s Advocacy Center of Collin County
  • Entrepreneur: Meek Industries
  • Home-Based Business: Lynne Malkoff Promotions

According to the Frisco Chamber of Commerce, applications and nominations were received from many Chamber businesses and entities and were subject to a review and judged by a cross-section of Frisco business professionals that comprised the review committee. The committee studied over 100 pages of applications as part of the selection process.

“It is a tremendous honor for Frisco Square to receive such an award on behalf the developers” said Mark Flynt, President of the Frisco Square Property Owners Association. “Frisco Square would like to congratulate all of the award winners on their achievements. It is a privilege to be a part of the Frisco community and to have the support of its citizens. We’d also like to express our appreciation to the Frisco Chamber of Commerce for putting on such a great event.“

Frisco Square is a pedestrian-friendly, urban experience that blends shopping, dining, office space, apartment living, parks and Frisco’s City Hall and library. For additional information about Frisco Square and to sign up for the weekly e-news, visit friscosquare.com.

Frisco Square Social Media, Marketing & Community Manager
Lara K Hansen
LK Photography & Social Media Services
[email protected]

Frisco, Texas, New York, California, Florida,
Commercial Real Estate, Retail Investment Opportunities

Encore Land, LLC Purchases 28.88 Acres for Development of Hillstone Estates in Midlothian, Texas

Posted on: January 9, 2015 by Auxo Innovations

hillstone estates sample banner

(Dallas, Texas) January 9, 2015 – Encore Land, LLC, a division of the Dallas-based Encore Enterprises, Inc., has purchased 28.88 acres of land for the development of Hillstone Estates, located just south of the intersection of FM 663 and Ashford Lane, in the City of Midlothian, Texas.

The project will bring 78 new homes to the Midlothian community. Two homebuilders have committed to build in the project, Dunhill Homes (www.dunhillhomes.com) and Endeavor Wall Homes, (www.wall.com). Home prices are expected to start from the low $200,000s.

“Midlothian is a rapidly growing community and there is an exceeding need for quality single family residential housing,” said Developer Steve Donosky, President of Encore Land. “Due to high demand for houses in the highly desired Midlothian School District, we are projecting Hillstone Estates to sell out within eighteen months from initial lot delivery.”

Encore Land is scheduled to begin construction in early 2015.

“We anticipate that lots will be delivered to the builder in the late summer of 2015,” said Bharat Sangani, Chairman of Encore Enterprises. “This will allow both homebuilders to begin construction for home delivery during the 2015 summer selling season.”

Hillstone Estates is located just 30 minutes southwest of Downtown Dallas. Midlothian has a small-town feel with the amenities one finds in larger communities, providing the perfect combination for suburban dwellers seeking a small-town lifestyle, less traffic and lower property taxes.

Matthew Bilardi of Transwestern Commercial Services handled the sale of the property.

About Encore Enterprises, Inc.       
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information about Encore Enterprises, Inc., visit encorebz.wp.brainvire.dev , or call (214) 259-7000.

About Encore Land, LLC.    
Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land is the newest subsidiary of Encore Enterprises and provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information about Encore Land, LLC., visit encorebz.wp.brainvire.dev, or call (214) 259-7000.

Encore Land Begins New Residential Development in Waxahachie

Posted on: November 20, 2014 by Auxo Innovations

Waxahachie Residential Development

Developer takes extra measures to preserve city’s historic charm.

(Dallas, Texas) November 20, 2014 – Encore Land, a division of the Dallas-based Encore Enterprises, Inc., has purchased 43.5 acres of land for the development of Aday Estates, located one mile west of I-35E on FM 66 in Waxahachie, Texas. Prior to the start of construction the company plans to move a historic building located on site. The seller of the property was Mr. and Mrs. Don Walker of Waxahachie. Gary Giles of Giles Real Estate handled the sale and Matt Bilardi of Transwestern Commercial Services represented the builder. The project will bring 36 new one-acre estate lots to the Waxahachie community.

“Waxahachie is the rapidly growing county seat for Ellis County and with the opening of the new Baylor Scott and White Hospital, there is an exceeding need for quality single family residential housing in the area,” said Developer Steve Donosky, President of Encore Land. “Due to high demand for houses in the Waxahachie School District, we are projecting Aday Estates to sell out within twenty-four months from initial lot delivery.”

Lillian Custom Homes has committed to build homes in the project. Encore Land is scheduled to begin construction on the subdivision in early 2015. Homes will be available in the summer of 2015, just in time for the new school year.

“The North Texas area continues to experience high demand for new single family homes,” said Bharat Sangani, Chairman of Encore Enterprises. “Aday Estates will assist in alleviating some of this problem by offering affordable homes in a great school district starting from the low $200,000s.”

Currently situated on the land for the development is the Aday Homeplace, one of the oldest farmhouses in Ellis County, dating back to the late 1800s.

“One of our objectives as developers is to preserve historic buildings located on the properties that we purchase for new projects whenever possible. The home is vintage Queen Anne Victorian architecture that we estimate was built over 100 years ago,” Donosky said.

Encore Land has reached an agreement with 360grassroots, a non-profit that focuses on economic revitalization through historic architecture. The organization, founded by Stephen and Bridgette Hawks of Midlothian, will be moving the home for the original heirs of the Aday homestead property where it will be renovated and preserved prior to the start of construction of the subdivision.

About Encore Land, LLC.
Encore Land, LLC is a land investment company focused on identifying and acquiring strategic land parcels in unique locations for master planning and entitlement of commercial and residential developments. Encore Land provides a strategic area of focus to newly emerging markets with long-term growth potential. For more information, visit https://www.encore.bz/ or call (214) 259-7000.

Encore Office Adds Denver, Colorado Property to Portfolio

Posted on: November 18, 2014 by Auxo Innovations

Denver, Colorado Property

(Dallas, Texas) November 18, 2014 – Encore Office, LLC a division of the Dallas-based Encore Enterprises, Inc., has closed on a 2-story, 136,954 square foot office building in Centennial, Colorado, a suburb of Denver. The building, located at 6901 South Havana Street, was purchased as part of a joint venture with Middleton Partners and sold by Dividend Capital.

“Our office portfolio has grown substantially this year,” said Mark Cypert, President of Encore Office. “With the purchase and scheduled renovation of 6901 South Havana, we will be ending the fourth quarter in a strong position.”

The building will undergo extensive renovations to both the interior and exterior of the property. Updates will begin first quarter 2015, and include parking surface improvements, a new building entry, interior modernization, increased signage and enhanced landscaping.

“6901 South Havana offers one of the largest contiguous blocks of office space in Denver’s strong Southeast Suburban submarket,” said Bharat Sangani, Chairman of Encore Enterprises. “The property currently features abundant parking, large floor plates, multi-functional meeting rooms, a full-service cafeteria, and a variety of recreational amenities. The property’s premier location coupled with its fantastic amenities really make it stand out, and we are certain this will translate into new leases.”

The 18-acre site is large enough to also accommodate potential additional developments in the future, and has the ability to park up to a 7.5/1000 parking ratio.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, contact Encore Enterprises, Inc., or call (214) 259-7000. 

About Encore Office, LLC.
Encore Office, LLC is a privately held commercial real estate company focused on the acquisition, ownership, redevelopment and asset management of class “A” commercial office buildings across the United States. For more information, contact Encore Office, LLC., or call (214) 259-7000.

Multifamily Investments in California

Posted on: October 29, 2014 by Auxo Innovations

Multifamily Investments in California

Cities in California are currently seeing growth in population.

California has many multifamily developments and properties underway, particularly in key cities that demonstrate ample growth such as San Francisco, San Jose, Los Angeles, Sacramento, and San Diego 1. Thus, wealth management firms and private investors have the potential opportunity to invest in some of these current multifamily projects throughout California.

According to the California Department of State, the aforementioned cities are currently experiencing population growth and thus could become ideal locations for more future developments within the multifamily investment sector. Dublin, California, a suburb of San Francisco, is an epitome of the rapid growth of cities in California2. Additionally, the Bay Area is overall the fastest growing region in California – particularly San Jose, which now boasts a population of over 1 million3.

Encore Enterprises understands the need for multifamily housing and the potential investment opportunities for private investors and wealth management groups. Bill Schooling, the Chief Demographer for the California Department of Finance, noted, “the growth is continuing in an upward trend.4”

National Real Estate Investor estimates that while San Diego, Orange County, San Jose, San Francisco, and Oakland have delivered a cumulative total of 24,900 new units in 2014, this has not been enough to meet the demand for multi-family housing5. Additionally, the demand has overall remained strong, and vacancy rates have been very low across much of California, especially San Diego County, Los Angeles, Orange County, and the Inland Empire6.

Multifamily Investments in California

Multi-family investment opportunities are available to qualified EB-5, high-net-worth, and institutional investors through Encore Enterprises’ capital groups. To learn more, please visit encorebz.wp.brainvire.dev/investor-relations.

New York, California, Texas,
Commercial Property Investment, Retail Investment Opportunities

Encore Participates in TiEcon South 2014

Posted on: October 22, 2014 by Auxo Innovations

The Indus Entrepreneurs (TiE) is an organization with 13,000 members within 61 chapters across 18 countries. Encore is a proud sponsor of TiE whose mission is to foster entrepreneurship globally. At TiEcon South 2014, the TiE Dallas Mentoring Program presented an American Idol style competition to pitch business innovations to the audience and a panel of judges which included Encore’s CFO Mahesh Shetty and football legend Emmitt Smith. Also in attendance from Encore was Brenda Grogan, Director of Equities.

New York, California, Texas,
Commercial Property Investment, Retail Investment Opportunities

Encore Retail, LLC Closes on Marketplace at Craig Ranch

Posted on: October 16, 2014 by Auxo Innovations

Marketplace at Craig Ranch

(Dallas, Texas) October 16, 2014 – Encore Retail, LLC, a subsidiary of Dallas-based Encore Enterprises, Inc., acquired land to develop a 20-acre Class A neighborhood retail development in the master planned community of Craig Ranch, a 2,200 acre master-planned business, retail, and residential community. The development will be located at the city limit lines of McKinney and Frisco, Texas, at the northeast intersection of Custer and Stacy Roads.

The project will be known as Marketplace at Craig Ranch and will be anchored by a grocer with inline retail space, as well as five outparcel pad sites along Custer and Stacy Roads.

“We are excited about Marketplace at Craig Ranch and look forward to adding it to our retail portfolio. With the excellent access, quality of the design, and strong trade area, the development will appeal to a wide array of retailers looking to expand into the growing submarket,” said Nicholas Barber, President of Encore Retail.

McKinney, Texas was ranked as the number one best place to live in America and is ranked as one of the fastest growing communities in the United States according to Money Magazine. The award-winning Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs, and exhibits.

“North Texas is rapidly growing and McKinney is positioned in the center of that growth,” said Bharat Sangani, Chairman of Encore Enterprises. “We are proud to be providing Craig Ranch with a first-class neighborhood shopping center.”

The project is already experiencing strong interest from regional and national retailers.

About Encore Retail, LLC
Encore Retail, LLC is a privately held commercial real estate company focused on the acquisition, ownership, development, redevelopment and management of retail shopping centers throughout the United States. For more information, visit Encore Retail, LLC or call (214) 259-7000.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

Encore Hospitality Purchases 154-Room DoubleTree Suites by Hilton, Plans $6+ Million Renovation

Posted on: October 2, 2014 by Auxo Innovations

atlanta doubletree small

(Atlanta, Georgia) October 2, 2014 – Encore Hospitality, a subsidiary of Dallas-based commercial real estate investment firm, Encore Enterprises, Inc., has purchased a 154-room DoubleTree Suites by Hilton hotel in Atlanta, Georgia. The hotel is located immediately adjacent to SunTrust Park, the new Atlanta Braves baseball stadium, which is slated for completion in 2017.

“We are excited to be back owning and managing hotels in Atlanta,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing millions of dollars into the hotel so as to properly position it in the market and compete with all the hotels that have recently undergone a renovation.”

Encore plans on investing upwards of six million dollars into the remodel, including a state of the art lobby which will feature a multi-story water feature and a sports lounge.

“SunTrust Park and the Braves are anticipated to draw large crowds, and we are positioned to serve the community when this need arises,” said Bharat Sangani, Chairman of Encore Enterprises.

The deal was brokered by Hodges Ward Elliott out of Atlanta, Georgia and purchased from Inland Hospitality of Palm Beach, Florida.

About Encore Hospitality, LLC
Encore Hospitality, LLC is a subsidiary of Encore Enterprises, Inc., and was founded in 1999 as a fully integrated hospitality acquisition, development and asset management company focusing on the upper mid-priced, nationally branded select-service and full-service hotel sector. For more information, visit Encore Hospitality, LLC or call (214) 259-7000.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and public-private mixed use developments. For more information, visit Encore Enterprises, Inc. or call (214) 259-7000.

New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

Multi-Family Properties in Texas | Dallas, Houston, San Antonio

Posted on: September 17, 2014 by Auxo Innovations
Multi-Family Development

Multifamily Development Projects in Texas

Looking for good reasons to invest in Texas multifamily development projects? According to Forbes’ latest study, 4 of the 10 fastest growing cities in the United States are in Texas – more than any other state in America1. U.S. News found similar results, noting that 7 of the 15 most rapidly growing cities were in Texas – particularly Dallas, Houston, Austin, San Antonio, San Marcos, Frisco, and McKinney topping their lists2. Such growing cities indicate a similarly growing need for housing, particularly multi-family developments. Encore looks for these indicators when it comes to deciding on multi-family investment projects.

Multifamily Development Projects in Texas

When determining the viability of an investment, understanding the trends in population growth is one of the many statistics that investors and wealth management firms analyze. Other factors to consider are a company’s development and construction history in Texas, as well as their multi-family management capabilities.

Wealth Managers, Private Investors, and Money Managers look to Multifamily Developments

The aforementioned statistics could potentially be strong indicators of a growing need for housing and multifamily development projects in Texas. Money managers, private investors, and wealth management firms can contact Encore Enterprises to get more information about current projects underway and future plans in the state of Texas.

Are Investments in Multi-Family Property Developments a Viable Option?

In contrast to investing into single-unit housing, investing into multifamily projects has the potential to bring more consistent returns. For example, when a tenant leaves a single-unit home, investors may receive zero returns for several months until a new tenant occupies the home. For an investor to experience a zero-return month on a multifamily property, it would require all tenants to leave the property simultaneously, which is usually a rare phenomenon. With proper planning, management, and an effective staff, a multifamily property can maintain healthy retention rates and produce profitable returns.

Encore’s stringent underwriting practices have led to the impressive growth of its multi-family portfolio. To learn more, visit about Encore Multi-Family and its achievements.


New York, California, Texas,
Retail Property Investment, Retail Investment Opportunities

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