Skip to content

Search

Latest Stories

Hawkeye Hotels acquires two hotels in Ohio and Oklahoma

Along with a January acquisition in Louisiana, the company has added three properties in 2021

Hawkeye Hotels acquires two hotels in Ohio and Oklahoma

HAWKEYE HOTELS HAS made its second and third hotel acquisitions of the year, in Ohio and Oklahoma. The company made its first acquisition, in Louisiana, in January.

Coralville, Iowa-based Hawkeye’s most recent purchases are the Fairfield Inn & Suites in Cambridge, Ohio, and the Aloft Oklahoma City Downtown – Bricktown in Oklahoma City, Oklahoma. The hotel acquired in January was a Staybridge Suites in Lafayette, Louisiana.


The 99-room Fairfield Inn was built in 2016 and includes 238 square feet of meeting space and a bar. The 134-room Oklahoma City Aloft has more than 7500 square feet of event space, including a rooftop area. It is Hawkeye Hotels’ first property in Oklahoma and is near the Cox Convention Center, Chesapeake Energy Arena and the Civic Center.

With 118 rooms, the extended-stay Staybridge Suites in Lafayette is near Lafayette Regional Airport, the University of Louisiana at Lafayette and the Cajundome Convention Center. It features a fitness center and outdoor pool.

Hawkeye Hotels has plans for continuing its expansion, said Parth Patel, the company’s head of investments.

“Despite all the challenges that we have had to navigate as an industry over the last 12 months, Hawkeye Hotels is positioned to continue strategically acquiring properties across the country,” said Patel.

Hawkeye Hotels owns and operates over 50 hotels across the country and has additional properties under development. In December, the company opened a dual brand Home2 Suites by Hilton and Tru by Hilton along with a neighboring Holiday Inn Express in downtown Milwaukee.

The company was founded in 1982 with one roadside hotel in Mena, Arkansas. Bob Patel is CEO.

More for you

AHLA members meet with U.S. lawmakers to discuss key hospitality legislation impacting hotel owners and workers

AHLA shares priorities with lawmakers

AHLA Members Unite on Capitol Hill to Advance Hospitality Legislation

MORE THAN 250 American Hotel & Lodging Association members met with lawmakers in the U.S. Senate and House to discuss legislative priorities critical to the hospitality industry. They raised concerns about tax and trade policies impacting hotel operating costs and travel demand amid ongoing budget reconciliation and tax negotiations.

Members also discussed expanding and upskilling the hospitality workforce through measures such as adjusting the H-2B visa cap and protecting the franchise model, which supports more than half of all U.S. hotels and 2.8 million jobs, the association said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
AHLA ForWard Conference 2025 held in Atlanta

ForWard Conference held in Atlanta

NEARLY 1,000 HOSPITALITY professionals attended the AHLA Foundation’s ForWard Conference at the Hyatt Regency in Atlanta. With a theme centered on recognizing, accessing and amplifying power designed to elevate women in hospitality, the two-day event included professional development and networking opportunities.

The conference featured speakers from across the hospitality industry and adjacent industries. They included Jennifer Hyman, CEO and co-founder of Rent The Runway; Lamiaa Laurene Daif, worldwide strategy leader at Apple; and Grammy-nominated songwriter Makeba Riddick.

Keep ReadingShow less