What’s the Deal with Homewood Suites Chattanooga in 2025?
MD HOSPITALITY AND Pulse Hospitality jointly acquired the Homewood Suites by Hilton Chattanooga-Hamilton Place in Chattanooga, Tennessee. The 76-room hotel is near Hamilton Place Mall, Chattanooga Metropolitan Airport, and Volkswagen Chattanooga.
Chattanooga-based MD Hospitality is led by President and CEO Dhaval Patel. Pulse Hospitality is a procurement firm specializing in sourcing and supplying goods and services for the hospitality industry.
Tim Osborne, Hunter Hotel Advisors' senior vice president, facilitated the transaction, Hunter said in a statement.
“It was a pleasure to work with all parties on this sale,” Osborne said. “Building on their previous acquisitions with Hunter, Pulse Hospitality will renovate the hotel to unlock value and better capture the growing extended-stay demand in the market.”
However, no additional details about the transaction were made public.
The hotel, located in a retail and commercial corridor, has an outdoor pool and a fitness center, the statement said.
The area's economic growth has been driven by a $4.5 billion investment and the creation of 426,000 jobs across industries including healthcare and education, the statement said.
In February, Kabani Hotel Group, led by CEO Ahmed Kabani and partner Suraj Dalal, brokered the $13.2 million sale of the 105-room Holiday Inn Express & Suites Florida City.
