Category : Bharat Sangani

Encore Hospitality Adds Braintree Hotel to Portfolio

Posted on: July 14, 2017 by encorebz

(Braintree, MA) July 13, 2017 – Encore Hospitality, LLC, a subsidiary of Encore Enterprises, Inc., is pleased to announce it has purchased a Hampton Inn hotel in Braintree, Massachusetts. The 4-story, 103-room hotel currently operates as a Hampton Inn, but will be extensively renovated to achieve Hilton brand standards.

“We are excited to acquire this new hotel for our growing portfolio,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “By renovating the hotel, we will strengthen our relationship with the Hilton franchise and increase satisfaction for the hotel’s customers.”

Encore plans to invest around $25,000 per room to completely renovate all aspects of the hotel including guest rooms, meeting rooms, lobby, lounge, exterior of the building, landscaping, and the pool area.

Located in Braintree, MA, the Hampton Inn is positioned off of a major intersection that provides convenient access to Downtown Boston as well as Cape Cod.

“Since this property is only one of two Hilton-branded hotels in the entire tri-city of Braintree, Canton, and Quincy, we are creating a better option for customers by renovating,” said Glenn Pedersen, President of Encore Hospitality. “We look forward to investing in the renovation of the hotel so it can add to the amenities offered by Hilton’s incredibly high distribution of units that makes it such a sought-after brand.”

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, visit Encore Enterprises, Inc., or call (214) 259-7000.

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.

New 224-Unit Class A Apartment Community Under Construction at 1805 S. Bannock Street

Posted on: February 24, 2017 by encorebz

Encore Evans Station will be a thoughtfully designed luxury apartment community within walking distance from Denver’s burgeoning South Broadway district and the Evans Light Rail Station.

(Dallas, Texas) February 24, 2017 – Encore Multi-Family, LLC, a subsidiary of Dallas-based Encore Enterprises, Inc., has officially broken ground on Encore Evans Station located at the northwest corner of Jewell Avenue and S. Bannock Street, approximately two blocks north of Evans light rail stop. The 224-unit multi-family community will feature an industrial contemporary design in a high density garden layout that allows for individual parking garages and site amenities of size and scale often found in more suburban communities.

“Millennials are continuing to drive a major rental market increase and we believe this development really reflects their needs as renters,” said Bharat Sangani, Chairman of Encore Enterprises. “We placed a strong emphasis on socialization and luxury amenities in our design and we believe this is critical to attract and retain millennial renters.”

Amenities will include a large pool and spa area with grilling, outdoor lounge, and fire pit; lushly landscaped open space and courtyards; bocce ball court; large dog park; and pedestrian and bike plaza as a linkage to the future Jewell Street Pedestrian Bridge. Residents will enjoy a luxurious clubroom directly linked to the pool area for indoor/outdoor entertaining, business center and private conference room, and the fitness center complete with a designated free weight room and flex yoga/spin studio. Other amenities include a centrally located bike repair shop and storage, indoor dog wash, and 24-hour package concierge for 24-7 resident retrieval of packages.

Encore Evans Station will offer a variety of one and two-bedroom units designed to provide variability in pricing to the market. All units are professionally designed and will have the latest finishes including stainless steel appliances, energy efficient LED lighting fixtures, and individual full size washer/dryers.

“Encore Evans Station provides us with an opportunity to continue to redevelop one of the larger sites located in the South Broadway corridor, walking distance to the Evans Station light rail station. This will enable us to provide unique suburban amenities in an urban environment,” said Bradley Miller, President of Encore Multi-Family.

Construction for Encore Evans Station is currently under way with first units to be available for occupancy First Quarter 2018.

About Encore Multi-Family, LLC
Encore Multi-Family, LLC is a subsidiary of Encore Enterprises, Inc. and was founded in 2008 as a fully integrated multi-family developer, owner and operator. The company is involved in all aspects of multifamily development projects and acquisitions including ground-up developments, joint ventures and mixed-use turnkey developments. For more information about Encore Multi-Family, LLC, visit encore.bz or call (214) 259-7000.

Encore Commercial, LLC Announces New Name for Bedford, NH Mixed-Use Development

Posted on: June 21, 2016 by encorebz

(Dallas, TX) June 21, 2016 – Encore Commercial, LLC, a subsidiary of Dallas-based commercial real estate firm, Encore Enterprises, announced today that it has finalized the name for its latest mixed-use development in Bedford, New Hampshire. The development will be called Market and Main.

“We wanted a name that carried symbolism,” said Nicholas Barber, President of Encore Commercial. “The development will offer dining, shopping, entertainment, and more, creating a one-stop-shop marketplace for the Town of Bedford.”

Plans are currently underway to construct Main Street, the central artery leading to the development.

“With the highly successful grand opening of the new Whole Foods Market just behind us, we are pleased to see that the area is quickly growing into an exceptional regional destination for citizens of Bedford and Manchester. Market and Main will be a first-rate addition to the area, bringing exciting new shopping, dining, and recreational opportunities to our residents.” said Richard S. Sawyer, Town Manager for the Town of Bedford.

The project is experiencing tremendous response, with an abundance of proposals coming from potential tenants. Demolition of the former Macy’s building has been completed and construction is expected to commence in 2017.

About Encore Commercial, LLC.
Encore Commercial, LLC focuses on the acquisition, ownership, redevelopment and asset management of retail shopping centers, single tenant retailers, and class “A” commercial office buildings across the United States.

About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a national real estate company with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and restaurants.

Encore Restaurants Celebrates Grand Opening of Five Guys in Merced, CA

Posted on: June 15, 2016 by encorebz

(Merced, CA) June 8, 2016 – Encore Restaurants, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., is excited to announce the opening of its newest Five Guys Burgers and Fries restaurant today. The restaurant is located at 3572 G Street in Merced, CA, and is the thirteenth Five Guys restaurant to be owned and managed by Encore Restaurants, LLC in a continued brand expansion across California.

“We are always excited to have the opportunity to continue expanding,” said Chairman of Encore Enterprises, Inc. Dr. Bharat Sangani. “Every new restaurant we open is different and every grand opening is unique.”

Open every day from 11 a.m. to 10 p.m., Five Guys serves award-winning burgers, hot dogs, and fries that are fresh, never frozen, and customizable for any taste with over 250,000 burger options to be ordered. Five Guy’s has been ZAGAT survey rated every year since 2001 and has been voted the Washingtonian Magazine’s “Readers’ Choice” #1 Burger every year since 1999.

“The Five Guy’s award-winning menu will provide Merced residents with many different and delicious options,” said Dale Doerhoff, President of Encore Restaurants. “We are excited to share this renowned brand with the residents of Merced.”

About Encore Restaurants, LLC – Encore Restaurants, LLC. develops, owns and manages specific territories of various Full Dining, Fast Casual, and Quick Serve concepts across the United States. For information regarding future development locations, please contact Stacey Barber at 228-547-0293.

Encore Restaurants Opens Newest IHOP Restaurant

Posted on: August 25, 2015 by encorebz

Laurel, MS – (August 25, 2015) – Encore Restaurants, LLC, a subsidiary of the Dallas-based Encore Enterprises, Inc., has announced the opening of their latest project, an International House of Pancakes in Laurel, Mississippi. America’s newest IHOP will celebrate their inaugural day with a grand opening on August 24, 2014, at its location at 310 South 16^th Ave Laurel, Mississippi. This is the third IHOP restaurant to be owned and managed by Encore Restaurants.

“We are proud to be bringing the very first IHOP to the Laurel area,” said Dr. Bharat Sangani, chairman of Encore Enterprises and developer of Lakeview Village shopping center in D’Iberville, Mississippi where Encore’s first IHOP is located. “The restaurant will be open from 6am to 12am seven days a week, so it will provide residents of Laurel a new dining option that is open for breakfast, lunch, and dinner.”

The restaurant features breakfast favorites such as large varieties of pancakes and omelets, as well as a wide selection of popular lunch and dinner items. The restaurant is famed for offering an affordable, everyday dining experience with warm and friendly service.

“The IHOP brand has continued to grow rapidly both nationally and overseas” said Dale Doerhoff President of Encore Restaurants. “We look forward to growing the portfolio of IHOP restaurants as we continue to expand into the Brookhaven, MS market later this month.

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 encore.bz, or call (214) 259-7000.

About IHOP – For over 55 years, International House of Pancakes, LLC has been a leader and expert in all things breakfast and a leader in family dining. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. IHOP restaurants are franchised and operated by Glendale, Calif.-based International House of Pancakes, LLC and its affiliates. International House of Pancakes, LLC is a wholly-owned subsidiary of DineEquity, Inc. (NYSE: DIN). For more information or to find an IHOP restaurant near you, please visit www.IHOP.com.

New York, Florida, Texas,
Commercial Restaurant Investments, Restaurant Investment Opportunities

Encore Hospitality Hotels Win Guest Satisfaction Awards

Posted on: March 12, 2015 by encorebz

Dallas, Texas, March 12, 2015 – Encore Hospitality, LLC, a subsidiary of Dallas-based Encore Enterprises received three awards at the Marriott General Manager Meeting held in late February for its properties in Alabama and Mississippi.

Encore’s Spanish Fort Courtyard and Spanish Fort Fairfield Inn and Suites both located in Spanish Fort, Alabama received silver awards for their Guest Satisfaction scores for 2014. To achieve this prestigious honor the hotels had to rank in the top 20% of their brand with regards to the GSS Overall Satisfaction Report.

Encore’s D’Iberville Courtyard, located in D’Iberville, Mississippi received the gold award for ranking in the top 10% of all Courtyard hotels in the nation. The hotel has been highly praised across the country for its customer service, and was a recipient of the 2014 Trip Advisor Certificate of Excellence. The award celebrates hospitality excellence and is given only to establishments that consistently achieve outstanding traveler reviews on TripAdvisor.

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.

New York, California, Texas,
Commercial Real Estate, Hospitality Investment Opportunities

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

Posted on: February 26, 2015 by encorebz

(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 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.

Encore Office Adds Denver, Colorado Property to Portfolio

Posted on: November 18, 2014 by encorebz

(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.

Encore Global Now Has Largest Number of Regional Centers in U.S.

Posted on: May 14, 2014 by encorebz

(Dallas, Texas) May 14, 2014 – Encore Global Investment Management, LLC, a division of Dallas-based Encore Enterprises, Inc., has received approval for four new Regional Centers in its EB-5 network, including New York/New Jersey, Colorado, Texas, and Boston. This is in addition to the existing regional centers of Alabama-Florida, Colorado, Louisiana, Mississippi, Nashville, Raleigh-Durham, and Southern California.

“This is a significant milestone for Encore Global. We now have the largest number of Regional Centers in the United States,” said Shae Armstrong, Legal Counsel of Encore Global.

The EB-5 Immigrant Visa Category was created by the United States Citizenship and Immigration Services (USCIS) in 1990. It provides accredited foreign persons with an opportunity to achieve conditional and permanent residency status through investment of lawfully acquired funds (at least $500,000 within a rural area or one of high unemployment, or$1,000,000 anywhere else) in a USCIS-approved Regional Center.

To qualify, each investor must directly or indirectly, through a Regional Center, create ten full-time jobs in the United States. In return, the investor may be able to obtain an EB-5 Visa, which grants permanent residency status to the investor, respective spouses, and unmarried children under 21 years of age.

“With job-creating investments already underway, these approvals are a solid step forward in our mission to connect accredited foreign persons to enterprising investment opportunities,” said Bharat Sangani, Chairman of Encore Enterprises.

The Encore Regional Center network platform was organized to attract foreign capital through the EB-5 program, with the intention of developing multiple new commercial enterprises and job-creating entities.

About Encore Global Investment Management, LLC
Encore Global Investment Management, LLC was created to provide an EB-5 investment vehicle for accredited foreign nationals seeking permanent residency status in the United States. The company focuses on developing and/or funding commercial real estate projects related to retail, hospitality, multi-family, and office facilities.

For more information, visit EncoreEB5.com and encore.bz or call (214) 259-7000.

Disclaimer: Not every investment is safe, not every investment in a Regional Center will ultimately result in green card status, and not every investment will produce a profit.

Michael Lynch Announced as Senior Vice President of Business Development for Encore Retail, LLC

Posted on: March 24, 2014 by encorebz

(Dallas, Texas) March 20, 2014 – Michael Lynch has been named Senior Vice President of Business Development for Encore Retail, a subsidiary of Encore Enterprises. Mr. Lynch will be responsible for acquisitions, development, re-development and sourcing of commercial real estate projects with an emphasis on retail in the New York/Northeast, Mid-Atlantic and Southeastern part of the US.

“Mr. Lynch brings over three decades of asset management and commercial real estate transaction experience to this role and is an incredible addition to our leadership team,” said Nic Barber, president of Encore Retail. “His abundant knowledge and experience is going to be an asset as we move forward and continue our growth plan.”

Prior to joining Encore, Mr. Lynch served as Owner and Chairman of The Lynch Companies, Inc. whose primary role was to secure new business and assist companies involved in commercial real estate with their strategic initiatives, market expansion and profitability.

“We are thrilled to have Mr. Lynch join the Encore family,” said Bharat Sangani, Chairman of Encore Enterprises. “He will be a key player as we continue to meet and exceed our future goals.”

Mr. Lynch is a graduate of Harvard Business School’s Real Estate Management Program, Boston College’s School of Business Management and received his Masters of Corporate Real Estate (MCR.h with honors) at Corenet Global Institute for Corporate Real Estate. He is also the former President of Corenet Global – New England Chapter and is currently a member of the International Council of Shopping Centers (ICSC). Mr. Lynch is a licensed real estate broker in New York, Massachusetts, Texas and Florida.

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 about Encore Enterprises, Inc and Encore Retail, LLC visit encorebz.wp.brainvire.dev, or call (214) 259-7000.