Skip to content

Search

Latest Stories

Hawkeye, HOS sell three hotels in Georgia for $100 million

Both companies plan to continue expanding their development pipelines

Hawkeye, HOS sell three hotels in Georgia for $100 million

HAWKEYE HOTELS AND HOS Management recently sold three hotels in the Savannah, Georgia, area for approximately $100 million.  Both companies have plans to continue to expand their development pipelines.

The Montford Group and Opterra Capital purchased the Aloft Savannah Airport while Mission Hill and KSL Capital Partners bought the Fairfield Inn & Suites Downtown Savannah Historic District and the Aloft Savannah Historic District, according to Hawkeye, which is led by Ravi Patel as president. All three hotels have more than 400 rooms and each were developed by Savannah-based HOS and Hawkeye Hotels in the last 24 months.


HOS and Hawkeye together have more than 40 hotel projects in the pipeline, including more than a dozen projects starting construction this year. Both have been actively buying and selling multiple assets in addition to developing new hotels, and last month Hawkeye opened The Le Meridien St. Louis Downtown in St. Louis.

“Our top priorities in the next 18 to 24 months are to continue to actively pursue accretive acquisitions, while strategically disposing of assets,” said Parth Patel, Hawkeye’s vice president for investments.

The two companies plan to continue expanding their development pipeline despite rising interest rates and construction costs.

“We look forward to continuing building timeless hospitality assets in the Savannah area to keep up with the increasing demand from leisure and corporate travel that is flowing into our City,” said Kris Patel, president of HOS Management.

The sale of the three hotels does not signal an end to Coralville, Iowa-based Hawkeye’s interests in Savannah, Ravi Patel said. The city draws nearly 15 million visitors annually and its downtown historic district is the nation’s largest historic landmark district.

The hotels sold in the deal are near the Savannah City Market as well as the Plant Riverside Entertainment District, Forsyth Park and the Georgia State Railroad Museum. Savannah has seen more than $4 billion of commercial investment in the last decade.

“Savannah continues to be top of our list to seek additional development opportunities due to the growth and ample amount of outside commercial investment being made in the last decade,” Ravi said.

Founded in 1982 with one roadside hotel in Mena, Arkansas, Hawkeye Hotels has become one of the fastest-growing hospitality companies in the US. The firm, which employs more than 2,500 staff, owns and operates over 50 hotels across the country, with additional properties under development. The company was recently awarded Developer of the Year by Marriott International for the third consecutive year.

Brothers Kirit and Anil Patel founded HOS with one hotel and now manage a portfolio of properties throughout the Southeast.

More for you

U.S. government shutdown 2025 news
Photo by Andrew Harnik/Getty Images

Trump, Congress face shutdown deadline

Summary:

  • President Donald Trump will meet Congress as a shutdown looms.
  • Democrats say they are ready to negotiate a bipartisan deal.
  • Thousands of federal jobs and the U.S. travel economy are at risk if a shutdown occurs.

PRESIDENT DONALD TRUMP will meet Congressional leaders on Monday after Senate Democrats rejected a Republican stopgap spending bill to fund the government until Nov. 21. The U.S. Travel Association recently warned a government shutdown could cost the travel economy $1 billion a week.

Keep ReadingShow less
U.S. Travel Association shutdown warning
Photo by Anna Moneymaker/Getty Images

USTA: $1B a week at risk in shutdown

Summary:

  • USTA said the U.S. travel economy could lose $1 billion a week in a government shutdown.
  • White House reportedly ordered agencies to plan layoffs of nonessential staff.
  • Around 88 percent of Americans want Congress to prevent a shutdown.

A LOOMING U.S. government shutdown could cost America’s travel economy $1 billion a week, the U.S. Travel Association said. Federal funding runs through Sept. 30 and without a stopgap budget, many operations would halt on Oct. 1.

Keep ReadingShow less
Lawsuit Abuse Reduction Act 2025

House bill aims to curb frivolous lawsuits

Summary:

  • The House introduced the Lawsuit Abuse Reduction Act of 2025 to reform tort law.
  • AAHOA said the bill would restore accountability in the legal system.
  • In 2023, the Supreme Court vacated a case on “tester lawsuits” under the ADA.

THE HOUSE OF Representatives recently introduced the Lawsuit Abuse Reduction Act of 2025 to reform tort law and mandate sanctions for frivolous lawsuits. AAHOA supported the bill, saying it would restore accountability to the legal system, an issue for small-business owners such as hoteliers.

Keep ReadingShow less
H-2B visa hospitality impact

Study: H-2B visas boost U.S. jobs and wages

Summary:

  • The H-2B visa program protects U.S. jobs and wages, according to AHLA citing a study.
  • It allows hotels and resorts to meet travelers’ needs while supporting the economy.
  • It provides foreign workers for seasonal jobs when domestic workers are unavailable.

THE H-2B VISA program does not harm U.S. jobs or wages but increases pay and supports the labor force, according to an Edgeworth Economics study. Citing that study, the American Hotel & Lodging Association said the program enables hotels and resorts to meet travelers’ needs while supporting the workforce and economy.

Keep ReadingShow less
AHLA hotel survey

AHLA: Hotels scaling back development plans

Summary:

  • AHLA’s survey finds reduced hotel development and renovation plans.
  • Only 8 percent of property owners are moving forward with new investments.
  • Survey participants included 387 property owners and operators.

ABOUT 32 PERCENT of U.S. hotel owners and operators are delaying development projects and 24 percent are scaling back plans, according to a recent survey by the American Hotel & Lodging Association. About 8 percent have canceled projects entirely.

Keep ReadingShow less