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NexGen acquires Fairfield Inn & Suites in Tamarac, FL

This is the Illinois-based firm’s third acquisition this year

NexGen acquires Fairfield Inn & Suites in Tamarac, FL

NEXGEN HOTELS RECENTLY acquired the Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest in Tamarac, Florida. Hollywood, Florida-based AD1 Global will manage the 120-room property.

Itasca, Illinois-based NexGen is led by principals Chris and Ron Patel. This marks their third acquisition of 2024, following the November purchase of the 150-room Maritime Hotel Fort Lauderdale Airport & Cruiseport in Fort Lauderdale.


“We are thrilled to add the [new hotel] to the NexGen portfolio,” said Chris Patel. “The Fort Lauderdale area remains a key market for us, and the Fairfield Inn brand is a good fit for both the area and our portfolio.”

The hotel is on the Colony Golf Course 12 miles from Fort Lauderdale International Airport. It also is near HCA Florida Woodmont Hospital and University, Sawgrass Mills Mall, Amerant Bank Arena, Florida Panthers IceDen, Tamarac Sports Complex, and various shopping, dining, and entertainment venues. Amenities include an outdoor pool and fitness center.

In May, NexGen acquired the 137-room Hotel Versey in Chicago, marking their first acquisition of 2024. The hotel will be managed by Genuine Hospitality Group of St. Louis.

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Summary:

  • Sonesta opened 18 hotels with franchise partner Laxmi Hotels Group.
  • Eleven hotels are managed by Laxmi, seven by Ark Hospitality.
  • The move advances Sonesta’s asset-right, franchise-forward strategy.

SONESTA INTERNATIONAL HOTELS Corp. opened 18 hotels with new franchise partner Laxmi Hotels Group, marking the first milestone in the sale of 113 managed properties. The portfolio includes 11 hotels managed by Laxmi and seven by Ark Hospitality.

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