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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.

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U.S. Hotel Construction Pipeline Holds Steady in Q3

Report: U.S. hotel pipeline steady in Q3

Summary:

  • Pipeline steady at 6,205 projects and 728,416 rooms.
  • Extended-stay hotels represent 40 percent of projects.
  • Brand conversions hit a record 1,477 projects.

THE U.S. HOTEL construction pipeline held steady year-over-year in the third quarter, according to Lodging Econometrics. It comprises 6,205 projects with 728,416 rooms—unchanged in project count and up 1 percent in rooms from last year.

LE’s “Q3 2025 U.S. Hotel Construction Pipeline Trend Report” found that extended-stay hotels remain a key driver of development, representing 40 percent of projects and 34 percent of rooms.

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