Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.
The 161-key AC Hotel Portland Lake Oswego in Oregon is now open following the conversion of the former Crowne Plaza Portland-Lake Oswego. It is owned by Lake Oswego, Oregon-based BHG Hospitality, led by principal Bakulesh “Buggsi” Patel, and operated by InnVentures of Kent, Washington.
The hotel is within a 15-minute drive of Portland and near several golf clubs, spas and walking trails, the duo said in a statement.
“We’ve dedicated our energy to crafting a seamless, thoughtfully designed hotel experience that enhances every part of the guest’s stay,” said Patel. “We’re especially excited about our food and beverage offerings. The AC Kitchen—modeled after a high-end residential kitchen—provides the setting for our European-style breakfast. Meanwhile, the AC Lounge, the heartbeat of the hotel, invites guests to collaborate during the day and enjoy handcrafted cocktails and small bites in the evening.”
The hotel features indoor and outdoor swimming pools, the AC Lounge and a fitness center that doubled in size during the conversion, the statement said. It also offers six event rooms totaling more than 4,500 square feet.
David Montrose, executive vice president and head of InnVentures, said AC Hotels by Marriott has built a strong reputation for its elevated style, high standards, and service—key to its loyal base of repeat guests.
“For those drawn to Lake Oswego’s beauty and outdoors, the AC Hotel Portland Lake Oswego offers a guest experience unlike any other in this area,” he said.
In November, BHG opened TownePlace Suites Eugene in Oregon, operated by Louisiana-based InterMountain Management.
Arora Group and Deva Capital acquired Novotel London West in Hammersmith.
The deal expands Arora’s London portfolio, including the InterContinental London – The O2.
In July, the group also acquired Bloc Hotels, a short-stay operator.
UK-BASED ARORA GROUP and Deva Capital recently acquired the 630-room Novotel London West in Hammersmith. It is Arora’s second London deal, taking its portfolio to more than 20 hotels and 8,000 rooms.
The hotel has more than 630 rooms and conference facilities for up to 3,000 delegates across 33 meeting spaces, Arora said in a statement.
Arora Group, founded and chaired by Surinder Arora, is a hotel and property developer. Deva Capital, the investment arm of Banco Santander’s Alternative Investments division, focuses on real estate debt, equity and corporate solutions.
“In partnership with Deva Capital, we are delighted to welcome Novotel London West into the Arora portfolio,” said Arora. “This acquisition reflects our commitment to expanding in key UK locations, particularly central London. The hotel’s meetings and events capacity aligns with our strategy and we look forward to building on its success.”
The deal adds to Arora’s London portfolio, which includes the InterContinental London – The O2. In July, the group also acquired Bloc Hotels, focused on short-stay properties.
Arora Hotels, a division of the group, presently operates more than 7,000 rooms across airport and city centre locations, with projects under way. Its portfolio includes Sofitel, Novotel, Renaissance, InterContinental, Holiday Inn, Crowne Plaza, Hilton and Fairmont brands, as well as independent hotels such as Arora Gatwick Crawley and Luton Hoo Hotel, Golf & Spa, which is being redeveloped as the group’s second Fairmont property.
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Hersha Hotels & Resorts sold The Boxer Boston to Eurostars Hotels.
The company acquired the property in 2012 for $12.6 million.
The property now sold for $23.6 million.
HERSHA HOTELS & RESORTS sold The Boxer Boston, an 80-room hotel in Boston’s West End, to Eurostars Hotels, part of Spain’s Grupo Hotusa. The company, which reportedly acquired the property in 2012 for $12.6 million, received $23.6 million for it.
The seven-story hotel, built in 1904, is near TD Garden, the Charles River Esplanade, One Congress, North Station and Massachusetts General Hospital, said JLL Hotels & Hospitality, which brokered the sale. It also has a fitness center.
Hersha Hotels & Resorts is part of the Hersha Group, founded in 1984 by Hasu Shah. Jay Shah serves as senior advisor and his brother Neil Shah is president and CEO.
JLL Managing Director Alan Suzuki, Senior Director Matthew Enright and Associate Emily Zhang represented the seller.
"The Boxer’s prime location at the crossroads of Boston's West End, North End and Downtown districts, combined with its strong cash flow and its unencumbered status regarding brand and management, made this an exceptionally attractive investment," said Suzuki. "Boston continues to demonstrate resilient lodging fundamentals driven by its diverse demand generators, including world-class educational institutions, medical facilities, corporate presence and convention and leisure attractions."
The property will become the Spanish hotel chain Eurostars’ fifth U.S. hotel, supporting the group’s North American expansion, the statement said.
Amancio López Seijas, president of Grupo Hotusa and Eurostars Hotels Co., said the addition of Eurostars’ The Boxer strengthens the company’s presence in key locations and promotes urban tourism.
Sun acquired the Hyatt Place Albuquerque/Uptown in New Mexico.
The hotel has 1,127 square feet of meeting space, a fitness center and an outdoor pool.
The 126-key, six-story hotel is near ABQ Uptown and Coronado Center.
SUN CAPITAL HOTELS recently acquired the 126-key six-story Hyatt Place Albuquerque/Uptown in Albuquerque, New Mexico, from an institutional owner. Hunter Hotel Advisors brokered the transaction and terms were not disclosed.
The hotel is near ABQ Uptown and Coronado Center, which together total more than 1.4 million square feet of retail space, Sun said in a statement. Demand drivers include EXPO New Mexico, Tingley Coliseum, the University of New Mexico and the city’s convention, cultural and sports facilities. The hotel has 1,127 square feet of meeting space, a business center, a 24-hour fitness center and an outdoor pool.
“This hotel marks our seventh property in Albuquerque and twelfth overall in our portfolio,” said Kholwadwala. “It’s a great asset right in our front yard, in a high barrier-to-entry submarket. My father started out in Albuquerque in 1981 with a small 23-room motel, so this acquisition carries personal meaning as well. Sun Capital Hotels has seven additional hotels in its pipeline and continues to grow through both new builds and acquisitions.”
Brian Embree, vice president in Hunter’s Los Angeles office, facilitated the transaction, the statement said.
Embree said the Hyatt Place is a top-performing hotel in one of Albuquerque’s strongest districts.
“The property is positioned to capture strong demand from retail, entertainment, university and convention activity, as well as Albuquerque’s thriving film industry,” he said.
TMGOC Ventures, Willow Street Capital open ESA Premier Suites – Jacksonville Airport.
The hotel is near UF Health North Hospital and Jacksonville North VA Clinic.
Amenities include a fitness room.
Extended Stay America Premier Suites – Jacksonville Airport is now open in Jacksonville, Florida. The four-story, 124-room hotel was developed by franchisee TMGOC Ventures, led by cofounder and managing partner Sunju Patel and Willow Street Capital.
“This is an exciting addition to our portfolio, especially as Jacksonville continues to show strength across medical, logistics and aviation sectors,” said Patel. “We see the airport submarket evolving rapidly and our decision to bring a purpose-built Extended Stay America Premier Suites to this location reflects our long-term belief in its growth trajectory. We’re proud to introduce a product that supports the needs of both extended-stay guests and the local community.”
Mark Williams, ESA’s managing director for franchise development, said ESA is expanding its Premier Suites footprint and bringing an extended-stay property to Jacksonville.
"This location reflects our commitment to providing exceptional value and comfort for guests who need a reliable place to stay for longer periods, while supporting our franchise partners in strong-performing markets,” he said.
"TMGOC remains focused on developing institutional-quality assets in markets with potential for sustained growth,” said Glenn Alba, TMGOC Ventures' co-founder and managing partner. “The Extended Stay America Premier Suites brand offers value for today’s traveler and we are bringing a property that expands hospitality options in Jacksonville’s Northside.”
In August, Northstar Hotels Management, led by founders Salim Premji, Sapna Premji and Jigar Amin, acquired the 78-room Residence Inn and 81-room Courtyard near Jacksonville International Airport.
Vision recently opened a Hilton dual-brand property in Cleveland, TN.
It is the company’s 44th hotel and 26th in the state.
It recently opened the $60 million Embassy Suites in Chattanooga, TN.
Hilton Worldwide Holdings' dual-brand Home2 Suites and Tru by Hilton are now open in Cleveland, Tennessee. The combined 140-key, five-story property is owned by Vision Hotel Group Inc., led by Founder and CEO Mitch Patel.
It is the company’s 44th hotel and its 26th owned and operated in the state, Vision said in a statement.
“We are excited to officially open this dual-brand property in Cleveland, Tennessee,” said Patel. “This project marks a significant milestone in our continued growth and highlights our strong partnership with Hilton. It also reflects our ongoing commitment to investing in communities that are important to us.”
Vision broke ground on the dual-brand property in May 2024 and completed it on schedule, as announced at the ceremony. The hotel includes 800 square feet of meeting space, an outdoor pool, and public areas for business and leisure guests.
In August, Vision and CBL & Associates opened the 139-room Element Wilmington in Wilmington, North Carolina. The company also opened the $60 million Embassy Suites by Hilton Chattanooga Downtown in Chattanooga, Tennessee.