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.
Five Star acquired the 93-key Courtyard Dalton in Dalton, Georgia.
The Georgia-based firm is led by Managing Principal Anish Govan.
The 2016-renovated hotel is near Dalton’s industrial hub.
FIVE STAR GROUP recently purchased the 93-key Courtyard Dalton in Dalton, Georgia, from an institutional seller. The company, based in Dalton and founded by Naren Patel in 1990, is led by Managing Principal Anish Govan.
Other terms of the deal were not disclosed in the transaction brokered by Mayank Patel, senior vice president at Hunter Hotel Advisors.
“The acquisition of Courtyard Dalton aligns with our ongoing expansion in a submarket that has performed well for us,” said Govan. “We see upside through investment and operational synergies and plan to allocate capital to enhance returns. Mayank and the Hunter team brought strong professionalism and industry knowledge, making them a key partner in this transaction.”
Dalton, the second largest city in northwest Georgia and a manufacturing hub, provides access to Chattanooga and Atlanta, placing the hotel at a junction in the Southeast. Nearby are Shaw Industries, Mohawk Industries, the 255-bed Hamilton Medical Center and Dalton State College, which serves more than 5,000 students.
Patel said they are grateful for the seller’s continued trust in the Hunter team.
“The Courtyard Dalton attracted numerous qualified bidders in a competitive process. The Five Star team stood out with strong terms and closed earlier than expected.”
Amenities at the 2016-renovated Courtyard Dalton include a fitness center and indoor pool.
In November, Five Star Group affiliates Five Star Hospitality Management and Dream Capital named Justin Patel senior associate of investments and asset management and Kimberly Rowell executive vice president.
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.”