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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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Report: Extended-stay hotels outpace industry in Q3

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  • U.S. extended-stay hotels outperformed peers in Q3, The Highland Group reported.
  • Demand for extended-stay hotels rose 2.8 percent in the third quarter.
  • Economy extended-stay hotels outperformed in RevPar despite three years of declines.

U.S. EXTENDED-STAY HOTELS outperformed comparable hotel classes in the third quarter versus the same period in 2024, according to The Highland Group. Occupancy remained 11.4 points above comparable hotels and ADR declines were smaller.

The report, “US Extended-Stay Hotels: Third Quarter 2025”, found the largest gap in the economy segment, where RevPAR fell about one fifth as much as for all economy hotels. Extended-stay ADR declined 1.4 percent, marking the second consecutive quarterly decline not seen in 15 years outside the pandemic. RevPAR fell 3.1 percent, reflecting the higher share of economy rooms. Excluding luxury and upper-upscale segments, all-hotel RevPAR dropped 3.2 percent in the third quarter.

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