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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.

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Peachtree Group funds Vastland’s VOCE hotel with $130M loan
Photo credit: Vastland Co.

Peachtree finances Vastland’s VOCE Hotel for $130M

Summary:

  • Peachtree Group financed Vastland’s VOCE Hotel in Nashville for$130M.
  • The 25-story development will feature 192 residences and 114 hotel suites.
  • Construction will start Dec. 8, with completion expected in fall 2027.

PEACHTREE GROUP PROVIDED a $130 million construction loan to Vastland Co. for its first VOCE Hotel & Residence in Nashville, Tennessee. Construction will begin on Dec. 8, with completion expected in fall 2027.

The 25-story mixed-use development will include 192 residences, 114 hotel suites, 60,000 square feet of office space, and more than 40,000 square feet of dining and wellness amenities, according to NashvillePost.

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