Skip to content

Search

Human content, AI powered search.

Latest Stories

Northstar acquires 2 Jacksonville, FL, hotels

Renovations are planned for both properties

Northstar Acquires 2 Airport Hotels in Jacksonville, Florida

Northstar Hotels Management acquired the 78-key Residence Inn and 81-key Courtyard near the Jacksonville, Florida, airport.

Vishnu Rageev R.
By Vishnu Rageev R.Aug 05, 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.

See Full Bio

Summary:

  • Northstar Hotels acquired the 78-key Residence Inn and 81-key Courtyard in Jacksonville, Florida.
  • The properties are near Jacksonville International Airport.
  • Nearby demand drivers include Swisher International, Coach Distribution and Glassfloss Industries.

NORTHSTAR HOTELS MANAGEMENT acquired the 78-key Residence Inn Jacksonville Airport and the 81-key Courtyard Jacksonville Airport Northeast in Florida from an institutional seller. Renovations are planned for both properties.

The hotels are in a logistics corridor near Jacksonville International Airport, Atlanta-based Hunter Hotel Advisors, which brokered the deal, said in a statement. They draw corporate demand from nearby employers such as Swisher International, Coach Distribution and Glassfloss Industries.

The nearby UF Health North medical campus and Imeson Park, site of a planned $100 million Holon autonomous vehicle facility, also drive demand. Leisure travel is supported by attractions such as Jacksonville Zoo and Gardens, which draws more than one million visitors annually.

Amenities include fitness centers, outdoor pools and meeting space, the statement said.

Northstar is led by founders Salim Premji, Sapna Premji and Jigar Amin.

“We are thrilled to take over and fully renovate these two properties, as well as embrace the opportunities that lie ahead,” said Kaiz Premji of Northstar.

Hunter’s Robert Taylor and Sophia Pittaluga executed the sale from the firm’s Miami office.

Pittaluga, Hunter’s senior vice president, said they were proud to complete the sale of the portfolio near Jacksonville International Airport.

“The strong buyer interest reflects the strategic location and upside potential,” she said. “With targeted PIP investments and hands-on ownership, the hotels offer opportunities for both near-term performance and long-term value. We look forward to helping more sellers and operators grow across Florida and beyond.”

Other terms and conditions were not disclosed.

Witness Investment recently acquired the 117-key Hilton Garden Inn Springfield in Illinois from Schulte Hospitality Group in a deal brokered by Hunter.

hotel acquisitionsfloridacourtyardnorthstar

Related News

OYO Eyes $7-8B IPO Filing in November 2025
India News

Report: OYO eyes $7-8B IPO filing in November

U.S. hotel performance trends in August 2025 showing Seattle gains and Houston declines
Numbers

CoStar: Hotel metrics down mid-August

U.S. hotels launch discounts as Canadian travel declines in 2025
Industry News

U.S. hotels try to lure back Canadian tourists

Hyatt Regency Stakes in Greenwich Connecticut sold by Trinity Investments
Hotel Realtor

Trinity sells stake in Hyatt Regency Greenwich, CT

More for you

Vision Hospitality Group's Embassy Suites Chattanooga opening
Photo Credit: Vision Hospitality Group

Vision opens Embassy Suites in Chattanooga, TN

Summary:

  • Vision opened the $60 million Embassy Suites by Hilton Chattanooga Downtown in Tennessee.
  • The company presently owns 44 hotels across the U.S., including 15 in Chattanooga.
  • It is working with SquareOne Holdings to manage food and beverage operations.

Embassy Suites by Hilton Chattanooga Downtown is now open in Chattanooga, Tennessee. The $60 million hotel, developed by Vision Hospitality Group, features 144 rooms across seven stories in the city’s riverfront district.

Keep ReadingShow less
Mahaveer Acquires AmericInn in Detroit Lakes, Minnesota
Photo credit: Wyndham Hotels & Resorts

Mahaveer buys Detroit Lakes, MN, AmericInn

Summary:

  • Mahaveer acquired the 46-key AmericInn by Wyndham in Detroit Lakes, Minnesota.
  • The seller is Thief River Falls, Minnesota–based Cwikla Hospitality LLC.
  • The hotel, built in 1995 sits on a 3-acre site on U.S. Highway 10.

MAHAVEER LLC, ACQUIRED the 46-key AmericInn by Wyndham Detroit Lakes in Detroit Lakes, Minnesota, from Cwikla Hospitality LLC for an undisclosed price. Marcus & Millichap brokered the property for the buyer.

Keep ReadingShow less
Exterior view of Element by Westin Wilmington at Mayfair Town Center, North Carolina
Photo credit: Marriott International

Element Wilmington, N.C., opens as Vision, CBL joint project

Summary:

  • Vision Hospitality Group and CBL & Associates opened the Element Wilmington in North Carolina.
  • It is Vision’s second Element and 43rd hotel.
  • The hotel in Mayfair Town Center is near Wrightsville Beach and downtown.

The Element by Westin Wilmington is now open in Wilmington, North Carolina. The 139-key hotel was jointly developed by Vision Hospitality Group, led by Founder and CEO Mitch Patel, and CBL & Associates, led by President and CEO Stephen Lebovitz.

Keep ReadingShow less
Red Roof Inn in Washington DC Reopens
Photo credit: Red Roof

Red Roof D.C. reopens after renovations

Summary:

  • Gopal Inc. opened the 53-room Red Roof Inn in Washington, D.C.
  • The hotel is near landmarks including the White House.
  • It is a pet-friendly hotel.

Red Roof Inn is now open in Washington, D.C. following renovations. The 53-room, pet-friendly hotel is owned by Gopal Inc.

Keep ReadingShow less
Embassy Suites in Gulf Shores Alabama

Embassy Suites opens in Gulf Shores, AL

Summary:

  • Peachtree Group, Woodbine Development and DD Partners opened the Embassy Suites Gulf Shores on Alabama’s Gulf Coast.
  • The eight-story, 257-room hotel includes 13,620 square feet of meeting space, with a 7,800-square-foot ballroom overlooking the Gulf.
  • Peachtree provided a $42 million floating-rate first mortgage to Banyan Street Capital for the acquisition and repositioning of the Atlanta Financial Center.

Embassy Suites by Hilton Gulf Shores Beach Resort is now open in Gulf Shores, Alabama. The eight-story, 257-room, all-suite hotel was developed by Peachtree Group, Woodbine Development Corp. and DD Partners LLC.

Keep ReadingShow less
Asian Hospitality Logo
© Copyright 2025
Contact Us