Meyers Group acquires historic hotel in El Paso

Miami /
Oct.October 22, 2016 03:00 PM

The Meyers Group in Coral Gables bought and plans to renovate an historic downtown hotel in El Paso – the second Meyers project in the Texas border town.

Meyers acquired the 356-room Camino Real Hotel at 101 South El Paso Street for an undisclosed amount and plans an 18-month renovation of the property.

“The hotel was for many years the crown jewel of the Southwest. Our vision is to restore it beyond its former glory and to finally fulfill the pressing need for a convention hotel in downtown El Paso,” Josh Meyers, director of real estate development at Meyers Group, said in a prepared statement.

Officially co-headquartered in Coral Gables and El Paso, Texas, Meyers plans to renovate each room at the Camino Real, the entire lobby level including a famous domed restaurant and bar, the grand ballroom on the second floor and meeting rooms and conference space.

Plans also include restoration of the hotel’s historic 10-floor ballroom and terrace. Originally built in 1912, the Camino Real has been listed since 1979 on the National Register of Historic Places.

When the 18-month renovation is completed, the hotel also will feature a pool and poolside deck, a full-service spa and a gym, plus food and beverage service on terraces overlooking the city.

Elsewhere in El Paso, Meyers recently closed on the purchase of a four-acre lot at 201 Shadow Mountain Drive where it plans to develop a mixed-use project with 300 condos and 50,000 square feet of space for supportive retailers, including food and beverage operations. Real estate developer Stuart I. Myers is the founder of Meyers Group.


Related Articles

arrow_forward_ios
The Villa Paradiso at 1415 Collins Avenue and The Orchid House Hotel at 1350 Collins Avenue with Randall Smith of Alden Global Capital and Joe Nakash (Getty, Wikipedia)
Boutique South Beach hotels trade amid heightened demand
Boutique South Beach hotels trade amid heightened demand
Michael Krymchantowski and a rendering of the Krymwood Hotel at 176 Northwest 28th Street (MKDA, Krymwood, iStock)
Brazilian investor gets Miami board’s OK to build Wynwood hotel
Brazilian investor gets Miami board’s OK to build Wynwood hotel
renderings of the proposed three-tower development on the site of an existing Hyatt and the James L. Knight Center on the Miami River at 400 Southeast Second Avenue, Miami (Arquitectonica, Gencom, LinkedIn)
Third time’s a charm? Hyatt and Gencom unveil new plan for hotel, apartments on James Knight Miami River site
Third time’s a charm? Hyatt and Gencom unveil new plan for hotel, apartments on James Knight Miami River site
Sunstone's Bryan Giglia and Douglas Pasquale with 4041 Collins Avenue (Sunstone Hotel Investors, Google Maps)
Sunstone puts The Confidante Miami Beach under contract for $232M
Sunstone puts The Confidante Miami Beach under contract for $232M
From left: Sonia Cheng, CEO at Rosewood Hotel Group; Peter Marino, principal of Peter Marino Architect; Michael Shvo, founder, chairman and CEO of SHVO; a rendering of the Raleigh development in Miami Beach (LinkedIn/Sonia Cheng, Getty Images, SHVO, iStock)
Rosewood Hotels to brand Michael Shvo’s Raleigh development in Miami Beach
Rosewood Hotels to brand Michael Shvo’s Raleigh development in Miami Beach
Chesterfield at 363 Cocoanut Row with Simon and David Reuben (Google Maps, Getty)
Reuben Brothers buys Chesterfield Hotel in Palm Beach
Reuben Brothers buys Chesterfield Hotel in Palm Beach
From left: Ralph, Joe and Avi Nakash, owners of Setai Miami Beach, along with a photo of the condo-hotel at 2001 Collins Avenue and 101 20th Street (Setai Miami Beach, iStock)
Going down? Elevators at Setai Miami Beach keep breaking, annoying residents and guests
Going down? Elevators at Setai Miami Beach keep breaking, annoying residents and guests
From left: Urbanica Hotel partners Diego Colmenero and Charlie Porchetto in front of the Urbanica Meridian Hotel at 418 Meridian Avenue in Miami Beach (Urbanica Hotels, Google Maps)
Cambridge Lansdowne buys Urbanica Meridian Hotel in South Beach for $31M
Cambridge Lansdowne buys Urbanica Meridian Hotel in South Beach for $31M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...