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Amerivu adds two Wisconsin hotels

The company’s founder said its business model makes it attractive during downturn

Amerivu adds two Wisconsin hotels

TWO HOTELS HAVE converted to the AmeriVu brand founded in 2015 by Wisconsin hotelier Nick Rai. Rai said the company’s continued expansion despite the current economic downturn is because of its affordable business model.

The hotels are both in Wisconsin. They are a 50-room former Super 8 in Shawano, about 40 miles northwest of Green Bay, and a 47-room former independent in Saint Croix, about 55 miles northeast of Minneapolis-St. Paul.


“In today’s financial environment, owners are drawn to our unlimited free online reservations and our modest $20 per room per month royalty / marketing charge,” said Rai, who now is CEO of Vishav Hotels.  “Also popular is our yearly exit opportunity and that we have few mandated amenities.”

Amerivu is now part of Atlanta-based Hospitality Lodging Systems after Rai signed a long-term exclusive licensing agreement with HLS in 2016. HLS also licenses the Budgetel and Haven Hotel brands.

“After a year of economic pain in 2020, hotel owners are ready for the return to more stable, more profitable results that our three brands deliver,” said Doug Collins, HLS chairman and CEO.

In October, four hotels in Minnesota, Georgia and Wisconsin converted to Amerivu. HLS now has 63 hotels under its three brands , including 33 Budgetel Inns & Suites, 21 AmeriVu Inns & Suites and nine Haven Hotel properties.

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Peachtree Group Backs The Briad Group’s Retail Expansion

Peachtree backs Briad’s retail expansion

Summary:

  • Peachtree to provide up to $200M to Briad for retail expansion.
  • Private credit platform to fund 2–4 Circle K stores and mini-travel centers yearly.
  • Peachtree has provided Briad $100M+ for hotel developments since 1999.

PEACHTREE GROUP IS expanding into the convenience and fuel retail sector, providing up to $200 million to The Briad Group to develop and acquire new sites. Its private credit platform will support two to four Circle K stores and mini Travel Center projects annually.

Each 7,000-square-foot location combines fuel, convenience retail and quick-service restaurants including Wendy's, Dunkin', Jimmy John's and Buffalo Wild Wings Go, Peachtree said in a statement.

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