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May 16, 1998 | Daryl Strickland
A Colorado developer said it has acquired two Newport Beach parcels, including the former site of Fletcher Jones Mercedes-Benz, and plans to start building a hotel by year's end. E.J. Holtze Corp., based in Englewood, bought 3.7 acres and expects to construct a $21-million extended-stay hotel on Quail Street that will cater to business travelers. The company sold the remainder to Lennar Properties, which plans to build a 100,000-square-foot office building, Holtze said.
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BUSINESS
May 16, 1998 | Daryl Strickland
A Colorado developer said it has acquired two Newport Beach parcels, including the former site of Fletcher Jones Mercedes-Benz, and plans to start building a hotel by year's end. E.J. Holtze Corp., based in Englewood, bought 3.7 acres and expects to construct a $21-million extended-stay hotel on Quail Street that will cater to business travelers. The company sold the remainder to Lennar Properties, which plans to build a 100,000-square-foot office building, Holtze said.
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