Who owns Freepoint Hotel Cambridge now?

JNR Management Inc., based in Massachusetts, now owns the 121-room Freepoint Hotel Cambridge after acquiring it from Dune Real Estate Partners.

What makes the hotel’s location strategic?

The hotel is surrounded by 4.5 million square feet of office and lab space, with ongoing development expected to increase future demand.

What type of hotel is Freepoint Hotel Cambridge?

Freepoint Hotel Cambridge is a boutique property that is part of Hilton’s Tapestry Collection, offering upscale, locally inspired stays.

Who represented the seller in the deal?

Berkadia Hotels & Hospitality, with Managing Director Denny Meikleham and Associate Director John Kluh, represented Dune Real Estate Partners.

How much did KMD pay for the Tampa hotel?

While the exact sale price was not officially disclosed, Hillsborough County records list the price at $9.65 million.

Where is the Hampton Inn Tampa East located?

The hotel is located near Tampa Gateway Blvd. and Seminole Hard Rock Hotel & Casino, with access to Downtown Tampa and the cruise port.

Why is Tampa a hotspot for hotel investors?

Tampa's growth in population, job opportunities, and public and private investments has led to strong investor interest and sustained RevPAR growth.

When was the Hampton Inn Tampa East last renovated?

The hotel was originally built in 2005 and underwent full renovations in 2023, making it a turnkey investment opportunity.

What hotel brands are in KMD Hospitality’s portfolio?

KMD Hospitality manages several brands including Hampton Inn, Quality Inn, Residence Inn, Courtyard by Marriott, and Country Inn & Suites.

How many rooms does the new hotel have?

The Hampton Inn & Suites Irving Hwy 183 features 110 guest rooms

What is the significance of this hotel opening?

“Not only are we welcoming guests to the property, but we’re also celebrating a partnership with an ownership group that shares our values of quality, service, and community engagement,”

What facilities are available at the AC Hotel Portland Lake Oswego?

The hotel features indoor and outdoor swimming pools, the AC Lounge and a fitness center that doubled in size during the conversion, the statement said.

NexGen Acquires Claridge House Chicago for Tapestry

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        NexGen acquires Claridge House in Chicago
    It will join the Tapestry Collection this summer
Chris Patel-led NexGen Hotels acquired the 165-room Claridge House Chicago in Chicago’s Gold Coast Historic District.
By Vishnu Rageev R.May 14, 2025
Vishnu Rageev R.
Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.

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NexGen Hotels Expands with Claridge House Chicago AcquisitionNEXGEN HOTELS ACQUIRED the 165-room Claridge House Chicago in Chicago’s Gold Coast Historic District. The hotel will rebrand this summer as part of Hilton’s Tapestry Collection.
NexGen, based in Itasca, Illinois, is led by President Chris Patel.
“We are excited to bring the remarkable Tapestry Collection by Hilton brand to the Gold Coast section of Chicago,” said Patel. “This hotel is a testament to our dedication to providing exceptional accommodations for our guests. With its prime location and upscale amenities, we are confident that it will become a premier destination for visitors coming to Chicago.”
The property is near Wrigley Field, 360 Chicago, the Lakefront Trail, Lincoln Park Zoo, the Magnificent Mile, Soldier Field and Navy Pier, NexGen said in a statement. The hotel includes a fitness center, spa and 685 square feet of meeting space.
In December, NexGen acquired the 120-key Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest in Tamarac, Florida, its third acquisition of the year.
nexgen hotelsclaridge house chicagochicago’s gold coast historic districttapestry collection by hiltonchris patelwrigley field360 chicagolincoln park zoohotel acquisitionu.s. hotel industryhotels in chicagochicago hotel marketchicagoclaridge house chicago tapestry collectionnexgen hotels chicago acquisitionhilton tapestry collection chicagochicago gold coast hotel rebrandnexgen hotels hospitality usaclaridge house chicago amenitiesusa hotel acquisitions may 2025nexgen claridge house chicago 2025
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Who owns Freepoint Hotel now?MASSACHUSETTS-BASED JNR MANAGEMENT Inc. recently acquired the 121-room Freepoint Hotel Cambridge, Tapestry Collection by Hilton, in Cambridge, Massachusetts, from Dune Real Estate Partners of New York. JNR Management is led by President Jignesh Patel and Principal and COO Robins Patel.
The hotel is located near MBTA’s Alewife Station and close to Harvard University and MIT, Berkadia said in a statement. The hotel is surrounded by more than 4.5 million square feet of office and lab space, with ongoing area developments expected to drive demand growth.
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        KMD buys Tampa East Hampton Inn
    Vishnu Rageev R.
May 26, 2025
Who bought the Hampton Inn Tampa East hotel?KMD HOSPITALITY MANAGEMENT recently acquired the 74-room Hampton Inn Tampa East in Tampa, Florida, from Liberty Group. Berkadia Hotel & Hospitality, which announced the sale, did not disclose the price, but Hillsborough County records list it at $9.65 million, according to Business Observer.
Tampa-based KMD Hospitality, founded in 1997, is led by Manny Patel as president and CEO. Liberty Group, also based in Tampa and founded by Raxit Shah more than four decades ago, is led by Punit Shah as chief executive.
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        RMS opens Hampton Inn in Irving, TX
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Hampton Inn & Suites Launches in IrvingHampton Inn & Suites Irving Hwy 183 is now open in Irving, Texas. The 110-room property is owned by RMS Hospitality LLC, led by managing director Rafiq Islam, and will be managed by Hotel Equities.
The hotel is near Dallas-Fort Worth International Airport, downtown Dallas, the Toyota Music Factory and the Las Colinas community.
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        Portland AC opens after conversion
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The 161-key AC Hotel Portland Lake Oswego in Oregon is now open following the conversion of the former Crowne Plaza Portland-Lake Oswego. It is owned by Lake Oswego, Oregon-based BHG Hospitality, led by principal Bakulesh “Buggsi” Patel, and operated by InnVentures of Kent, Washington.
The hotel is within a 15-minute drive of Portland and near several golf clubs, spas and walking trails, the duo said in a statement.
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        Peachtree opens Hampton Inn in Hawaii
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How Peachtree’s Hampton Inn Strengthens USA HospitalityHampton Inn & Suites Maui North Shore is now open in Kahului, Maui, Hawaii. The newly built oceanfront hotel, located on the site of the historic Maui Palms Hotel, is owned by Peachtree Group and operated by Springboard Hospitality.
Atlanta-based Peachtree is led by Greg Friedman, CEO and managing principal; Jatin Desai, managing principal and CFO; and Mitul Patel, principal. Springboard is led by CEO Benjamin Rafter.
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NexGen acquires Claridge House in Chicago

It will join the Tapestry Collection this summer

NewGen: Tariffs, trade tensions drive up PIP costs

Noble acquires 16 WoodSpring Suites

NexGen Hotels Expands with Claridge House Chicago Acquisition

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