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HomeTowne Studios opens in Tampa, FL

Dhruv Development began construction on the hotel in January

HomeTowne Studios opens in Tampa, FL

HomeTowne Studios Tampa – Airport is now open in Tampa, Florida. The 124-room hotel will be operated by Dhruv Management, led by President and CEO Vijay Patel, and was developed by Dhruv Development, headed by CEO Amit Patel.

“The HomeTowne Studios Tampa – Airport is the first in the brand to feature the new prototype, which sets new standards for updated guestroom aesthetics as well as improved operational efficiency,” said Zack Gharib, Red Roof’s president. “Guests in central Florida have the opportunity to experience a new kind of economy extended-stay lodging—one that also meets the needs of the franchising community and of which we can all be proud.”


The hotel is near Zoo Tampa at Lowry Park, Egypt Lake-Leto, the Florida Aquarium, Historic Tampa Gulf Coast Railroad Trestle Bridge and the Museum of Science and Industry. It features a business center and other amenities.

Dhruv Management and Dhruv Development are also building a HomeTowne Studios in Bradenton, Florida, with four additional properties in various stages of development, Red Roof said in a statement.

“Tampa is the perfect market to introduce the new and improved HomeTowne Studios, and Vijay Patel at Dhruv Management and Amit Patel at Dhruv Development, along with their teams, are the perfect partners in this endeavor,” said Matthew Hostetler, Red Roof’s chief development officer. “This addition to the Red Roof family of hotels will offer guests a reimagined and elevated extended-stay experience.”

Amit Patel expressed excitement about partnering with Red Roof on their new extended-stay hotels, HomeTowne Studios in Tampa and Bradenton.

“Red Roof is more than a franchisor; they are deeply involved in every franchisee partnership from the moment a deal is signed,” he said. “Their support has been invaluable, from securing approvals to breaking ground. With Red Roof’s continued commitment to hospitality fundamentals, we are confident in the future of this hotel.”

In January, Dhruv Development began construction on this hotel and a new HomeTowne Studios in Bradenton, Florida. In December, Red Roof opened a 41-room Red Roof Inn in Hutchins, Texas, owned and operated by Jay Patel, who was introduced to the brand by an existing franchisee friend.

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Summary:

  • U.S. hotels adjusted strategies as revenue fell short of budget, HotelData.com reported.
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  • Six 2026 strategies include shifting from static budgets to real-time forecasts.

U.S. HOTELS ADJUSTED strategies to protect profit margins despite revenue lagging budget, according to Actabl’s HotelData.com. RevPAR averaged $119.22 through Sept. 30, 9 percent below budget, while GOP margins held at 37.7 percent, 1.2 points short of target.

HotelData.com’s “Hotel Profitability Performance Report for Q3 2025” showed operators adjusting forecasts, controlling labor and costs and protecting margins as demand softens and expenses rise. The report indicates an industry shift, with hoteliers relying less on rate growth and more on cost control, labor strategies and forecasting to maintain profitability.

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