Skip to content

Search

Human content, AI powered search.

Latest Stories

Mahaveer buys Detroit Lakes, MN, AmericInn

Marcus & Millichap brokered the property for the buyer

Mahaveer Acquires AmericInn in Detroit Lakes, Minnesota

Mahaveer LLC recently acquired the 46-key AmericInn by Wyndham Detroit Lakes in Detroit Lakes, Minnesota.

Photo credit: Wyndham Hotels & Resorts
Vishnu Rageev R.
By Vishnu Rageev R.Aug 16, 2025
Vishnu Rageev R.

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.

See Full Bio

Summary:

  • 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.

The hotel, built in 1995, sits on a 3-acre site, Marcus & Millichap said in a statement. It has an indoor pool, meeting room and business center.

Mahaveer is based in Albany, New York.

“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.

americinn by wyndhammahaveer llccwikla hospitality llchotel acquisitionmarcus & millichapmahaveer

Related News

Report: U.S. consumers’ holiday travel intent dips
Travel

Report: U.S. consumers’ holiday travel intent dips

Indian arrivals to U.S. fall for first time in millennium
Industry News

Indian arrivals to U.S. fall for first time in millennium

Sun acquires Albuquerque, N.M., Hyatt Place
Openings & Acquisitions

Sun acquires Albuquerque, N.M., Hyatt Place

Sloser is Choice Hotels’ CCO
Promotions

Sloser is Choice Hotels’ CCO

More for you

Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Ava Hotel Opens in Paso Robles, CA

The Ava Hotel opens in Paso Robles, CA

Summary:

  • Peachtree Group and Paso Robles Hotel Partners opened The Ava Hotel in Paso Robles, California.
  • Azul Hospitality will manage the 151-room, four-story hotel.
  • Moore 2 Design developed the interior design for the property.

THE AVA HOTEL, part of Hilton’s Curio Collection, is now open in Paso Robles, California. The 151-room, four-story hotel is owned by Peachtree Group and Paso Robles Hotel Partners.

Keep ReadingShow less
NewcrestImage Acquire NYLO Dallas Plano Hotel; Dallas, Texas

NewcrestImage acquires NYLO in Dallas

Summary:

  • 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.

Keep ReadingShow less
Vision Hospitality Group's Embassy Suites Chattanooga opening
Photo Credit: Vision Hospitality Group

Vision opens Embassy Suites in Chattanooga, TN

Summary:

  • Vision opened the $60 million Embassy Suites by Hilton Chattanooga Downtown in Tennessee.
  • The company presently owns 44 hotels across the U.S., including 15 in Chattanooga.
  • It is working with SquareOne Holdings to manage food and beverage operations.

Embassy Suites by Hilton Chattanooga Downtown is now open in Chattanooga, Tennessee. The $60 million hotel, developed by Vision Hospitality Group, features 144 rooms across seven stories in the city’s riverfront district.

Keep ReadingShow less
Exterior view of Element by Westin Wilmington at Mayfair Town Center, North Carolina
Photo credit: Marriott International

Element Wilmington, N.C., opens as Vision, CBL joint project

Summary:

  • 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.

Keep ReadingShow less
Asian Hospitality Logo
© Copyright 2025
Contact Us