Skip to content

Search

Latest Stories

MHG Hotels acquires Homewood Suites in Bloomington, IN

The property, near Indiana University, is the company’s second acquisition in two weeks

MHG Hotels acquires Homewood Suites in Bloomington, IN

MHG HOTELS, LED by President and CEO Sanjay Patel, recently acquired Homewood Suites Bloomington in Bloomington, Indiana. The property, near Indiana University, is the company’s second acquisition in two weeks.

Previously, the company purchased the Hampton Inn Boca Raton in Florida, expanding its presence in South Florida.


“This acquisition reinforces our commitment to expanding our footprint in key markets,” said Patel. “We are excited about the opportunities this property presents in Bloomington, especially given our strong presence in the area with existing hotels, apartment communities, and another project underway."

MHG Hotels, based in Indianapolis and Boca Raton, specializes in development, construction, and management, with a portfolio that includes franchises with Marriott, Hilton, and Choice Hotels.

"We are thrilled to integrate Homewood Suites Bloomington into our family of properties,” said Andrew Quinto, MHG Hotels’ chief operating officer. “Our strategic growth in Bloomington, highlighted by our current hotel and apartment communities and another upcoming development, showcases our dedication to serving the community and enhancing the hospitality landscape here."

In November, MHG Hotels acquired Courtyard West Palm Beach Airport in Florida.

More for you

Peachtree closes $3B in credit, $538M CPACE
Photo credit: Peachtree Group

Peachtree closes $3B in credit, $538M CPACE

Summary:

  • Peachtree deployed $3B in credit transactions and closed 31 CPACE deals totaling $538.2M.
  • It entered private credit in 2010 and offers loans, CPACE, mezzanine and preferred equity.
  • The firm also deployed over $2B across non-hospitality sectors.

PEACHTREE GROUP DEPLOYED $3 billion in credit transactions in 2025, an 86.8 percent increase from 2024 and closed 31 CPACE transactions totaling $538.2 million. The firm also expanded its government lending platform, including USDA and other federally guaranteed programs, to support sponsors across asset types and capital needs.

Keep ReadingShow less