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.
DoorDash and SevenRooms Join Forces to Transform U.S. Hospitality
U.S. FOOD DELIVERY platform DoorDash agreed to acquire SevenRooms, a New York-based hospitality software company. SevenRooms, founded in 2011 by Kinesh Patel, Joel Montaniel and Allison Page, provides CRM-integrated tools for marketing, operations and guest management across restaurants, hotels and other hospitality businesses.
The combination of DoorDash’s reach and SevenRooms’s capabilities will help merchants grow across first-party and third-party channels, the companies said in a statement.
“We’re enhancing the DoorDash Commerce Platform to help merchants serve their customers across all channels,” said Parisa Sadrzadeh, DoorDash vice president of strategy and operations. “Through SevenRooms, we’re excited to offer local businesses worldwide new ways to attract guests, build direct relationships with customers, access best-in-class CRM, and drive profitability through smarter marketing.”
DoorDash, founded in 2013 by Tony Xu, Stanley Tang and Andy Fang, has expanded to more than 30 countries. The SevenRooms deal, valued at $1.2 billion, is expected to close in the second half of 2025.
Montaniel, SevenRooms’ cofounder and CEO, said the company was founded to help hospitality operators understand their guests and grow their business sustainably.
“We believe restaurants are the fabric of local communities. Through every table touch, welcome back, and raised glass, our focus has always been on helping them grow while making guests feel at home,” he said. “With an operator-first mentality, we’re excited to embark on this next chapter with DoorDash—delivering greater innovation, a direct channel to millions of DoorDash consumers, personalized guest relationships, and experiences that turn first-time diners into loyal regulars. Together, we’re equipping restaurants with the tools to own the guest experience, grow their customer base, and thrive in an omnichannel world—inside and outside the merchant’s four walls.”
William Blair served as exclusive financial advisor and Goodwin Procter LLP as legal advisor to SevenRooms, while A&O Shearman acted as legal advisor to DoorDash on the transaction.
A recent Cendyn and Amadeus report found U.S. hospitality businesses reported a 109.1 percent year-over-year health rating in the first quarter of 2025, the highest in four quarters.
NewcrestImage acquired the 176-key, five-story NYLO Dallas Plano in Dallas.
The boutique property is in the 2,600-acre Legacy District business park.
It will be renovated and rebranded under Hilton’s Tapestry Collection.
NEWCRESTIMAGE RECENTLY ACQUIRED the 176-key, five-story NYLO Dallas Plano in Dallas. The company plans to renovate and rebrand it within the Tapestry Collection.
The boutique property in the 2,600-acre Legacy District business park includes indoor and outdoor event venues, including a 4,000-square feet patio around a heated pool.
This follows its 2024 purchase of NYLO Providence Warwick in Rhode Island, rebranded as The Loom Hotel, NewcrestImage, led by CEO and Managing Partner Mehul Patel, said in a statement.
"This hotel presents a significant new profit opportunity for us and complements our existing holdings," said Patel. "We previously owned five hotels in the Frisco/Plano market, so we are familiar with the area’s metrics for both short- and long-term returns."
In December, NewcrestImage opened the Homewood Suites Parsippany in New Jersey, which it acquired as a 150-unit, five-story building in June 2022 and renovated. Since 2013, the company has completed more than $3 billion in hotel transactions across nearly 300 hotels and 32,000 rooms.
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Mahaveer acquired the 46-key AmericInn by Wyndham in Detroit Lakes, Minnesota.
The seller is Thief River Falls, Minnesota–based Cwikla Hospitality LLC.
The hotel, built in 1995 sits on a 3-acre site on U.S. Highway 10.
MAHAVEER LLC, ACQUIRED the 46-key AmericInn by Wyndham Detroit Lakes in Detroit Lakes, Minnesota, from Cwikla Hospitality LLC for an undisclosed price. Marcus & Millichap brokered the property for the buyer.
“After previous marketing efforts by the seller did not result in a sale, we were able to leverage the Marcus & Millichap platform to connect with qualified buyers and renew interest in the property, ultimately bringing the deal to a successful close,” said Brock Banken, Marcus & Millichap investment specialist. “The new ownership plans to renovate guest rooms, common areas and the exterior, and take a hands-on approach to operations to improve performance. With Detroit Lakes’ status as a year-round destination and its strong seasonal demand, the market is well-positioned for continued growth.”
Northstar Hotels Management acquired the 78-key Residence Inn and 81-key Courtyard near Jacksonville, Florida.
Vision Hospitality Group and CBL & Associates opened the Element Wilmington in North Carolina.
It is Vision’s second Element and 43rd hotel.
The hotel in Mayfair Town Center is near Wrightsville Beach and downtown.
The Element by Westin Wilmington is now open in Wilmington, North Carolina. The 139-key hotel was jointly developed by Vision Hospitality Group, led by Founder and CEO Mitch Patel, and CBL & Associates, led by President and CEO Stephen Lebovitz.
The hotel in Wilmington’s Mayfair Town Center is near Wrightsville Beach and downtown, the statement said. It has a 24/7 fitness center, indoor-outdoor lobby bar, pool, electric vehicle charging stations, and complimentary bike rentals.
“We are proud to add the Element by Westin brand to our portfolio in Wilmington,” said Mitch Patel, Vision’s founder and CEO. “This is the second Element property we have opened and our second hotel in the Wilmington area. Together with CBL, we have developed a space that combines hospitality with sustainability. This is also our second new development project with CBL & Associates, a strategic partner for Vision as we expand in key markets.”
Gopal Inc. opened the 53-room Red Roof Inn in Washington, D.C.
The hotel is near landmarks including the White House.
It is a pet-friendly hotel.
Red Roof Inn is now open in Washington, D.C. following renovations. The 53-room, pet-friendly hotel is owned by Gopal Inc.
The New York Ave. hotel is near Union Station, the U.S. Capitol, the Library of Congress, the National Mall, the White House and Gallaudet University. It is a pet-friendly hotel.
Northstar Hotels acquired the 78-key Residence Inn and 81-key Courtyard in Jacksonville, Florida.
The properties are near Jacksonville International Airport.
Nearby demand drivers include Swisher International, Coach Distribution and Glassfloss Industries.
NORTHSTAR HOTELS MANAGEMENT acquired the 78-key Residence Inn Jacksonville Airport and the 81-key Courtyard Jacksonville Airport Northeast in Florida from an institutional seller. Renovations are planned for both properties.
The hotels are in a logistics corridor near Jacksonville International Airport, Atlanta-based Hunter Hotel Advisors, which brokered the deal, said in a statement. They draw corporate demand from nearby employers such as Swisher International, Coach Distribution and Glassfloss Industries.
The nearby UF Health North medical campus and Imeson Park, site of a planned $100 million Holon autonomous vehicle facility, also drive demand. Leisure travel is supported by attractions such as Jacksonville Zoo and Gardens, which draws more than one million visitors annually.
Amenities include fitness centers, outdoor pools and meeting space, the statement said.
Northstar is led by founders Salim Premji, Sapna Premji and Jigar Amin.
“We are thrilled to take over and fully renovate these two properties, as well as embrace the opportunities that lie ahead,” said Kaiz Premji of Northstar.
Hunter’s Robert Taylor and Sophia Pittaluga executed the sale from the firm’s Miami office.
Pittaluga, Hunter’s senior vice president, said they were proud to complete the sale of the portfolio near Jacksonville International Airport.
“The strong buyer interest reflects the strategic location and upside potential,” she said. “With targeted PIP investments and hands-on ownership, the hotels offer opportunities for both near-term performance and long-term value. We look forward to helping more sellers and operators grow across Florida and beyond.”