GULF SHORES, ALABAMA-based A&R Group has acquired the Courtyard by Marriott Craft Farms in Gulf Shores. The company plans to undertake a $1.6 million renovation on the property beginning in the fall of 2020.
Ken Patel is CEO of A&R Group.
The renovation of the 90-room hotel will follow feature Marriott’s Gen 2 design on the exterior and its CYnergy decor package on the interior. The hotel is on Gulf Shore’s Parkway 3.5 miles north of Gulf Shores beaches. Nearby is also Craft Farms golf resort. Inside, the hotel features The Bistro – Eat.Drink.Connect. restaurant.
A&R Group’s A&R Hospitality will manage the property while its A&R Construction and A&R Design will oversee the renovation. The group now owns 19 hotels around the U.S. with approximately 1,800 rooms and over $100 million in assets.
“I believe this acquisition is a benchmark for future growth for every company in the A&R Group family,” Patel said.
In June, Banyan Investment Group under and CEO Rakesh Chauhan and founding principal and Chief Investment Officer Andy Chopra acquired the 110-room Courtyard by Marriott Houston Pearland in Pearland, Texas, near Houston.