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.
Extended Stay America Premier Suites Debuts in Charlottesville
Extended Stay America Premier Suites – Charlottesville is now open in Charlottesville, Virginia. The four-story, 92-room property was developed and is managed by KARA Hospitality, with Mitesh Amin as managing partner.
ESA doubled its number of franchise owners across its brands in 2024, with this project marking KARA Hospitality’s fourth new construction, the company said in a statement.
"We are excited to expand KARA Hospitality's portfolio with this new property in Charlottesville, Virginia," said Amin. "Charlottesville is a vibrant community, and this new Extended Stay America Premier Suites will offer business, university, and leisure travelers a balance of comfort, convenience, and affordability. With thoughtful amenities and a welcoming environment, we look forward to serving guests seeking extended stay accommodations that feel like home."
The Charlottesville hotel features a 24-hour fitness room and other amenities, catering to long-term business travelers, contractors, and those seeking temporary housing, the statement said. It is near the University of Virginia, UVA Hospital, National Ground Intelligence Center, and local sites including Monticello and the Monticello Wine Trail.
Mark Williams, managing director of franchise development at ESA, said demand for extended stay accommodations continues to grow.
"This opening reflects our commitment to working with experienced developers like KARA Hospitality, who share our mission of providing travelers with accommodations that support their extended stay needs,” he said.
In addition to the Charlottesville property, KARA has developed ESA Premier Suites in Colonial Heights, Fredericksburg, and Harrisonburg, Virginia, and is planning a Premier Suites in the Roanoke area.
Witness Investment acquired the 117-key Hilton Garden Inn in Springfield, Illinois, from Schulte Hospitality Group.
The hotel is near the University of Illinois Springfield, Capital City Shopping Center and the $67 million Scheels Sports Park, expected to draw 200,000 visitors and generate $30 million annually.
Witness, based in Indianapolis, is led by principals Gurtej Medi and Sagar Patel.
WITNESS INVESTMENT RECENTLY acquired the 117-key Hilton Garden Inn Springfield in Springfield, Illinois, from Schulte Hospitality Group. The transaction is part of the company’s strategy for expansion in the region.
The hotel is near the University of Illinois Springfield, Capital City Shopping Center and the $67 million Scheels Sports Park, which is expected to draw 200,000 visitors annually and generate $30 million in economic impact, according to Hunter Hotel Advisors that facilitated the transaction.
It serves travelers visiting Springfield landmarks such as the Abraham Lincoln Presidential Library and Museum, Lincoln’s home and the Illinois State Capitol, the city’s largest employer.
Manufacturers including BUNN-O-Matic, Standard Aero and Richardson Manufacturing support the regional economy and contribute to Illinois’ position as the nation’s fourth-largest manufacturing state.
Amenities include a fitness center and indoor pool, Hunter said in a statement.
Indianapolis-based Witness is led by principals Gurtej Medi and Sagar Patel. Spencer Davidson, senior vice president, represented Hunter.
“We are excited to add the Hilton Garden Inn Springfield to our portfolio,” said Medi. “The hotel’s location near key demand drivers—government, healthcare and the new Scheels Sports Park—aligns with our strategy of targeting high-potential assets in resilient Midwest markets. We look forward to building on its performance and continuing to deliver value to guests, partners and the community.”
Schulte, based in Louisville, Kentucky, is led by Chairman and CEO Darryl Schulte and Founding Principal Ray Schulte.
Private equity firm Excel Group recently acquired the Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida.
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Excel Group reportedly acquired the Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida, for $21.17 million.
The 105-room Residence Inn was built in 2019; the adjacent Hampton Inn & Suites, built in 2014, also has 105 rooms.
Founded in 2011, Excel owns, develops, invests in, and manages U.S. hotels, with about $1 billion in acquisitions.
EXCEL GROUP, A private equity firm that owns and develops hotels, reportedly acquired the Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida, for $21.17 million. The Arlington, Virginia-based firm is led by Founder and Principal Shoham Amin.
Excel acquired the hotels from entities affiliated with Check My Property, a California-based real estate investment firm with a national portfolio of economy and midscale hotel assets, South Florida Business & Wealth reported. Marcus & Millichap marketed the portfolio for the seller and secured the buyer, according to the brokerage.
“At a time when market conditions have led to very few sales within this range of value, the hotels' location and the quality of the brands were critical in driving buyer demand,” said Robert Hunter, Marcus & Millichap’s senior managing director. “This was one of the more competitive sales processes we’ve managed in years, which is a testament to the premium for premium-branded hotels in Southeast Florida.”
The six-story, 105-room Residence Inn was built in 2019. The adjacent Hampton Inn & Suites, built in 2014, also has 105 rooms. Both offer outdoor pools, fitness centers and meeting space, Marcus & Millichap said in a statement. The hotels occupy a 4.73-acre site near Seminole Casino Coconut Creek, HCA Florida Northwest Hospital and the Mainstreet at Coconut Creek development.
Founded in 2011, Excel owns, develops, invests in and manages U.S. hotel assets, having acquired about $1 billion in hotel real estate.
In March, Excel secured investment from Los Angeles-based Ares Management for a portfolio of eight Marriott and Hilton hotels. The assets, mostly on the U.S. East Coast, include limited-, select- and extended-stay properties.
Orlando-based Southern Hospitality, led by President Nikesh Shah, recently opened Extended Stay America Select Suites Wildwood – The Villages in Wildwood, Florida.
The hotel offers apartment-style suites and a fitness center across 50,000+ square feet on 1.75 acres.
A recent ESA survey found extended-stay hotels outperform vacation rentals and apartments in comfort, value and sense of home.
Extended Stay America Select Suites Wildwood – The Villages is now open in Wildwood, Florida. The four-story, 124-room property, developed by Southern Hospitality, is the first to feature the Select Suites new-construction prototype.
Orlando-based Southern Hospitality, led by President Nikesh Shah, broke ground on the property in February 2024.
“We are excited to bring the Extended Stay America Select Suites concept to Wildwood and The Villages,” said Shah. “With our commitment to quality and service, we are thrilled to offer a comfortable and convenient home away from home for both long-term guests and those visiting the area for business or leisure.”
The hotel includes apartment-style suites and a fitness center, totaling more than 50,000 square feet on 1.75 acres, ESA said in a statement.
The Wildwood area includes manufacturing, distribution and agricultural facilities such as Charlotte Pipe and Foundry, Crevalle Boats, Gresco Utility Supply, Mapei and Primus Pipe & Tube, the statement said. It is also near The Villages, UF Health and HCA Florida hospitals and GatorWorld Parks of Florida.
Mark Williams, ESA’s managing director of franchise development, said the opening marks a milestone in the evolution of Extended Stay America Select Suites.
“This further strengthens the brand’s position as the fastest-growing economy extended-stay brand since its 2022 launch, now with more than 200 properties open nationwide,” he said. “We proudly support companies like Southern Hospitality that invest in their communities to provide extended-stay accommodations.”
Baywood Hotels, based in Columbia, Maryland and led by President Al Patel, acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami.
The hotel is near Miami International Airport, South Beach, UPS, FedEx, Boeing, and the upcoming Oasis of Doral.
Hunter Hotel Advisors, led by Robert Taylor and Sophia Pittaluga, brokered the sale.
BAYWOOD HOTELS RECENTLY acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami. Hunter Hotel Advisors, led by Executive Vice President Robert Taylor and Senior Vice President Sophia Pittaluga, brokered the sale, Hunter said in a statement.
“We are excited to execute this deal on behalf of our client,” said Pittaluga. “The asset benefits from airport, leisure and corporate demand, with Baywood positioned in a submarket seeing continued business and residential growth.”
The hotel is near Miami International Airport, Miami International Mall, Trump National Doral’s Blue Monster Golf Course, South Beach, Wynwood, Dolphin Mall, and Marlins Park. Corporate offices including UPS, FedEx, and Boeing contribute to demand, along with the upcoming Oasis of Doral development. The hotel includes 1,127 square feet of meeting space in two rooms, a fitness center, business center and outdoor pool.
Columbia, Maryland-based Baywood, founded in 1975 by Nick Patel with a single motel in Laurel, is now led by President Al Patel.
Nexgen Management, led by CEO Paul Uppal, acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.
Nanak Hotels, owned by British Indians, acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for $3.74 million.
The firm plans to invest in the property's refurbishment and repositioning.
Colliers International UK brokered the deal, led by Josh Sullivan and Peter Brunt.
UK-BASED NANAK HOTELS recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million or around $3.74 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.
Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.
“We’re excited to bring Kings Court Hotel into our portfolio as our first Warwickshire acquisition,” said Saluja. “It has a solid foundation and loyal customer base. We see potential to develop the hotel while preserving its heritage.”
The West Midlands hotel, on a 4.2-acre site between Alcester and Redditch, began as a 17th-century farmhouse and now operates as a hospitality business with public areas, event and conference facilities and wedding capacity for up to 130 guests.
The hotel’s previous owner said Kings Court had been central to their work for over 30 years.
“It’s been a privilege to grow it into what it is today,” the owner said. “As we retire, we’re pleased to see it pass to a new owner who shares our commitment to hospitality and has a vision for its future.”
“The sale of Kings Court Hotel drew strong interest due to its size, location and trading performance,” said Josh Sullivan and Peter Brunt of Colliers International UK. “We’re pleased to have completed the transaction with Nanak Hotels and look forward to seeing how they develop the asset.”
In February, UK-based Shiva Hotels, led by founder and CEO Rishi Sachdev, secured $372 million to renovate The BoTree in Marylebone, London. Separately, Indian tech firm Oyo announced a $62 million, three-year plan to expand its UK hotel portfolio by acquiring inventory and securing leasehold and management contracts, supporting 1,000 jobs.