The Coralville, Iowa, hotel is the 80th opening for the avid brand
Westcor JD Royal Hospitality recently opened the dual-branded avid hotel Coralville and Candlewood Suites Coralville in Iowa City, both part of IHG Hotels & Resorts.
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.
What makes this IHG hotel unique in Coralville, Iowa?
IHG HOTELS & RESORTS’ dual-brand avid hotels Coralville and Candlewood Suites Coralville in Coralville, Iowa, are now open. The property is owned by Westcor JD Royal Hospitality, led by Mona and Pankaj Patel.
This is the brand’s 80thproperty in the U.S., second in Iowa and fourth dual-branded avid hotels and Candlewood Suites since the prototype launched in 2021, IHG said in a statement.
“We’re proud to introduce the first avid hotels and Candlewood Suites dual-brand property to Coralville, as this hotel is one of the largest of its kind in the U.S.,” said the Patels. “This pairing is designed to meet the needs of both short-term and extended-stay guests, delivering a stay that feels just right. At avid hotels Coralville – Iowa City, every detail focuses on the essentials—no matter where your travels take you.”
The 71-room avid and 68-room Candlewood are near the University of Iowa and the Antique Car Museum of Iowa and includes a fitness center.
Avid hotels, IHG’s second-largest brand by system size, is its fastest-growing new-build brand with 131 hotels in the pipeline. In February, avid hotel Harrisburg NE – Hershey Area opened in Pennsylvania with 80 rooms, operated by SNP Management, LLC. Following avid hotel Coralville – Iowa City, Score Hospitality Inc will open avid hotel Victorville – Hesperia, its first in California.
Karen Gilbride, IHG’s vice president for avid hotels, Atwell Suites and Garner hotels, said avid hotels drive strong commercial results and guest loyalty, reflected in some of the highest satisfaction scores in the IHG portfolio.
“Its approach is simple yet effective,” she said. “Since opening our first property in 2018, we’ve grown to 80 hotels and are accelerating our momentum—expanding into new markets and strengthening our presence in existing ones. It’s clear our ‘just right’ strategy continues to resonate with both guests and owners. Looking ahead, we remain focused on enhancing owner returns and elevating the guest experience. One key initiative this year is our revamped breakfast offering—delivering more of what guests want at a reduced operating cost to owners—which we’re excited to roll out at avid hotel Coralville – Iowa City.”
IHG nearly doubled its global conversion signings from 2023 to 2024, with conversions making up about 60 percent of global openings and 40 percent of signings in the first quarter of 2025. Brands including Vignette Collection, voco hotels and Garner hotels recorded the most openings and signings last year.
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.
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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.”
Peachtree Group, Woodbine Development and DD Partners opened the Embassy Suites Gulf Shores on Alabama’s Gulf Coast.
The eight-story, 257-room hotel includes 13,620 square feet of meeting space, with a 7,800-square-foot ballroom overlooking the Gulf.
Peachtree provided a $42 million floating-rate first mortgage to Banyan Street Capital for the acquisition and repositioning of the Atlanta Financial Center.
Embassy Suites by Hilton Gulf Shores Beach Resort is now open in Gulf Shores, Alabama. The eight-story, 257-room, all-suite hotel was developed by Peachtree Group, Woodbine Development Corp. and DD Partners LLC.
The hotel is managed by Peachtree’s hospitality division.
“We're pleased to open this project in the heart of Gulf Shores,” said Greg Friedman, Peachtree’s managing principal and CEO. “With its beachfront location, amenities and gathering spaces, Embassy Suites Gulf Shores Beach Resort is designed to serve both visitors and the community.”
Atlanta-based Peachtree is led by Friedman, CFO and Managing Principal Jatin Desai and Principal Mitul Patel.
The hotel includes 13,620 square feet of meeting and pre-function space, including a 7,800-square-foot ballroom with Gulf views for conferences, weddings and events. It also features a three-story parking garage and more than 7,600 square feet of retail space.
For Friedman, the project is personal.
“I spent many summers and school breaks in Orange Beach and Gulf Shores as a child,” he said. “It's meaningful to return and help develop a place where more people can experience the area and locals can benefit from new restaurants, amenities, and gathering spaces.”
The hotel opens as Gulf Shores expands its tourism and events footprint. Located near the Hangout Music Festival, National Shrimp Festival and NCAA Beach Volleyball Championships, Embassy Suites Gulf Shores provides access to Gulf State Park, the Wharf at Orange Beach, golf courses and Foley’s sports complex.
Friedman said the goal was to create a hotel where visitors can relax, gather and experience Gulf Shores.
“We believe Embassy Suites Gulf Shores will appeal to both leisure travelers and the meetings and events market,” he said.
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.
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.