Skip to content

Search

Latest Stories

3H Group breaks ground on maiden Hyatt Studios in Alabama

Giri Hotel Management contracts with Hyatt to manage hotel in Portland Oregon

3H Group breaks ground on maiden Hyatt Studios in Alabama

3H GROUP INC., led by Hiren Desai as president and CEO, recently broke ground on Hyatt Hotels Corp.’s first Hyatt Studios property in Mobile, Alabama, and the upper-midscale, extended-stay hotel is scheduled to open in early 2025. Also, Giri Hotel Management, led by Ash Sangani, has entered its inaugural franchise deal with Hyatt for developing and managing a 122-room Hyatt Studios hotel at Portland International Jetport, Hyatt said in a statement.

"Our choice to prolong our enduring collaboration with Hyatt is driven by the team's unwavering commitment to comprehending the needs of guests, owners, and developers, providing exceptional service and value," Desai said. "We're thrilled to collaborate with Hyatt on launching the initial Hyatt Studios hotel, broadening our extended-stay footprint in this thriving community. Looking ahead, 3H Group intends to incorporate another Hyatt Studios hotel into our portfolio soon."


ENEWS 12 06 23 Hyatt Groundbreaking scaled Pictured at the groundbreaking for the Mobile property are Jim Tierney, Hyatt’s senior vice president for real estate and development, far left; Hiren Desai, president and CEO of 3H Group third from left; Dan Hansen, global head of Hyatt Studios 5th from left; and Nick Desai, executive vice president of 3H Group, 6th from left, along with others.

Located in Tillman's Corner just outside of Mobile and in proximity to Mobile Bay, the first planned Hyatt Studios hotel provides guests with easy access to the Gulf Coast, according to Hyatt. The property is 10 miles from Mobile International Airport and is close to historical and cultural destinations, including the USS Alabama Battleship Memorial Park, GulfQuest National Maritime Museum of the Gulf of Mexico and the Mobile Carnival Museum.

In addition to tourism, the city features diverse industries in manufacturing, aerospace, and commercial retail, strengthening its midscale appeal, Hyatt added. The construction of Hyatt Studios is expected to generate numerous local jobs and contribute to Mobile's hospitality industry.

"We are proud to reach this construction milestone in launching the Hyatt Studios brand," said Dan Hansen, global head of Hyatt Studios. "The brand is poised to revolutionize the upper-midscale, extended-stay experience for our guests and World of Hyatt members by providing exceptional value, top-notch amenities, and the highest level of care. Ongoing interest from the development community reinforces the compelling value proposition of the Hyatt Studios brand."

Partnership with Giri Hotel Management

Giri Hotel Management operates more than 50 hotels in New England. The upcoming hotel will be located near Portland's historic downtown and various attractions along Maine's coast, including Kennebunkport, York Beach and Ogunquit. It also offers easy access to ski resorts in both Maine and New Hampshire.

In August, Hyatt revealed a collaboration with 3H Group and Presidio Hotel Development to introduce Hyatt Studios in Alabama and California. The Presidio Hotel Development is spearheading the effort in Marysville.

More for you

Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less
HAMA Launches 20th Student Case Competition in USA
Photo Credit: iStock

HAMA launches 20th student case competition

Summary:

  • HAMA is accepting submissions for its 20th annual student case competition.
  • The cases reflect a scenario HAMA members faced as owner representatives.
  • Teams must submit a financial analysis, solution and executive summary.

THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.

Keep ReadingShow less