NexGen Hotels acquires Holiday Inn St. Petersburg, Florida

St. Louis-based Genuine Hospitality Group will manage the 129-room hotel

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NexGen Hotels
NexGen Hotels, an Illinois-based hotel development and management company led by Chris Patel as president, recently acquired Holiday Inn St. Petersburg West in Florida.

NEXGEN HOTELS RECENTLY acquired Holiday Inn St. Petersburg West in St. Petersburg, Florida. The 129-room hotel will be managed by St Louis-based Genuine Hospitality Group.

The property, which is located minutes away from downtown St. Petersburg, is close to Tropicana Field, the Dali Museum, Morean Arts Center, Duke Energy Center for the Arts – Mahaffey Theater, and Al Lang Stadium, NexGen said in a statement. The hotel is also near the University of South Florida – St. Petersburg Campus, St. Petersburg College and Stetson University.

“We are excited to expand our portfolio and enter the St. Petersburg area,” says Chris Patel, president of Itasca, Illinois-based NexGen. “This acquisition provides NexGen Hotels with an excellent opportunity to establish a significant presence in the robust St. Petersburg hotel market.”

Hotel amenities include an outdoor resort-style heated pool and whirlpool spa, a fitness center, a full-service restaurant and bar, a grab-and-go market and a boardroom.

Last December, NexGen acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurneein in Waukegan, Illinois. The purchase was part of the company’s strategy in the market.