The Residence Inn in Monmouth County is its eighth DST offering since 2022
Peachtree Group recently launched the 114-key Residence Inn Ocean Township along the Jersey Shore in New Jersey, its eighth DST offering since launching the program in 2022.
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.
PEACHTREE GROUP RECENTLY launched the 114-key Residence Inn Ocean Township along the Jersey Shore in New Jersey, structured as a Delaware Statutory Trust. This marks the company’s eighth DST offering since launching the program in 2022.
The Residence Inn is in Monmouth County, one of the wealthiest counties in the U.S., known for its high median income and vibrant year-round economy, Peachtree said in a statement.
“This newly developed property represents everything we look for in a DST offering: strong market fundamentals, a leading extended-stay brand, and long-term upside driven by secular tailwinds in travel,” said Tim Witt, Peachtree’s president for 1031 exchange and DST products.
Atlanta-based Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal.
The hotel benefits from its proximity to beach destinations such as Asbury Park, Long Branch, and Sandy Hook, the statement said. The region’s diverse economy—anchored by healthcare, education, and technology—drives consistent lodging demand throughout the year.
Looking ahead, Netflix is investing $900 million to redevelop nearby Fort Monmouth into its primary East Coast production hub, a project expected to create 3,500 construction jobs and 1,500 permanent jobs, while also boosting hospitality demand.
“With the opening of Residence Inn Ocean Township in 2024, we’re providing investors access to a debt-free, income-generating asset in a premier coastal market,” Witt said. “It’s a strategic fit for those seeking tax deferral through a 1031 exchange while maintaining exposure to one of the most resilient sectors in commercial real estate.”
Peachtree’s DST properties offer a compelling option for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while deferring taxes and maintaining exposure to the hotel sector, the statement said. The firm’s eight DST offerings total more than $220 million in debt-free real estate transactions.
In February, Peachtree appointed Jordan Hylton as senior vice president of multifamily acquisitions for its DST platform, which recently expanded its portfolio to include multifamily assets.
Orlando-based Southern Hospitality, led by President Nikesh Shah, recently opened Extended Stay America Select Suites Wildwood – The Villages in Wildwood, Florida.
The hotel offers apartment-style suites and a fitness center across 50,000+ square feet on 1.75 acres.
A recent ESA survey found extended-stay hotels outperform vacation rentals and apartments in comfort, value and sense of home.
Extended Stay America Select Suites Wildwood – The Villages is now open in Wildwood, Florida. The four-story, 124-room property, developed by Southern Hospitality, is the first to feature the Select Suites new-construction prototype.
Orlando-based Southern Hospitality, led by President Nikesh Shah, broke ground on the property in February 2024.
“We are excited to bring the Extended Stay America Select Suites concept to Wildwood and The Villages,” said Shah. “With our commitment to quality and service, we are thrilled to offer a comfortable and convenient home away from home for both long-term guests and those visiting the area for business or leisure.”
The hotel includes apartment-style suites and a fitness center, totaling more than 50,000 square feet on 1.75 acres, ESA said in a statement.
The Wildwood area includes manufacturing, distribution and agricultural facilities such as Charlotte Pipe and Foundry, Crevalle Boats, Gresco Utility Supply, Mapei and Primus Pipe & Tube, the statement said. It is also near The Villages, UF Health and HCA Florida hospitals and GatorWorld Parks of Florida.
Mark Williams, ESA’s managing director of franchise development, said the opening marks a milestone in the evolution of Extended Stay America Select Suites.
“This further strengthens the brand’s position as the fastest-growing economy extended-stay brand since its 2022 launch, now with more than 200 properties open nationwide,” he said. “We proudly support companies like Southern Hospitality that invest in their communities to provide extended-stay accommodations.”
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Nanak Hotels, owned by British Indians, acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for $3.74 million.
The firm plans to invest in the property's refurbishment and repositioning.
Colliers International UK brokered the deal, led by Josh Sullivan and Peter Brunt.
UK-BASED NANAK HOTELS recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million or around $3.74 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.
Nanak Hotels, which operates a UK property portfolio, plans to invest in the property's refurbishment and repositioning, according to a statement from Colliers International UK, which brokered the transaction.
“We’re excited to bring Kings Court Hotel into our portfolio as our first Warwickshire acquisition,” said Saluja. “It has a solid foundation and loyal customer base. We see potential to develop the hotel while preserving its heritage.”
The West Midlands hotel, on a 4.2-acre site between Alcester and Redditch, began as a 17th-century farmhouse and now operates as a hospitality business with public areas, event and conference facilities and wedding capacity for up to 130 guests.
The hotel’s previous owner said Kings Court had been central to their work for over 30 years.
“It’s been a privilege to grow it into what it is today,” the owner said. “As we retire, we’re pleased to see it pass to a new owner who shares our commitment to hospitality and has a vision for its future.”
“The sale of Kings Court Hotel drew strong interest due to its size, location and trading performance,” said Josh Sullivan and Peter Brunt of Colliers International UK. “We’re pleased to have completed the transaction with Nanak Hotels and look forward to seeing how they develop the asset.”
In February, UK-based Shiva Hotels, led by founder and CEO Rishi Sachdev, secured $372 million to renovate The BoTree in Marylebone, London. Separately, Indian tech firm Oyo announced a $62 million, three-year plan to expand its UK hotel portfolio by acquiring inventory and securing leasehold and management contracts, supporting 1,000 jobs.
3H Group and Aztec Group opened the first LivSmart Studios by Hilton in Tullahoma, Tennessee, for stays of 10 days or more.
A second 137-room hotel is set to open later this summer in Kokomo, Indiana, owned by Sun Management & Development Corp.
More than 90 hotels are planned, with more than 225 deals in negotiation.
The LivSmart Studios by Hilton Tullahoma is now open in Tullahoma, Tennessee. The 89-room property, developed by 3H Group and Aztec Group, is the first location for the brand and targets guests staying 10 nights or more, a segment Hilton says is largely unmet.
3H Group, based in Chattanooga, Tennessee, is led by President and CEO Hiren Desai and Aztec Group, based in Miami, is led by Founder and CEO Ezra Katz.
“Opening the first LivSmart Studios by Hilton is an important moment for our team,” said Desai. “We’re partnering with Hilton to launch this new brand and introduce it to the Tullahoma community. This hotel sets the foundation for what will become a national option for long-stay travelers and we’re contributing to the brand’s growth.”
Hilton plans to open a second 137-room hotel later this summer in Kokomo, Indiana, which will be owned by Sun Management & Development Corp., Hilton said in a statement. Chris Silcock, Hilton’s president of global brands and commercial services, said the company has a track record of building brands that meet changing guest needs and deliver value for owners.
“LivSmart Studios represents the latest chapter in our growth strategy as we expand our extended-stay presence with a product designed for longer stays,” he said. “The debut of this brand reinforces our commitment to offering a Hilton experience for every traveler and every stay.”
More than 90 hotels are expected to open in the coming years, with over 225 deals in negotiation, the statement said.
“LivSmart Studios was created to meet growing demand for accommodations designed for longer stays,” said Isaac Lake, Hilton's brand leader for LivSmart Studios by Hilton. “The opening of our first property in Tullahoma brings that plan to life. As the brand grows, we plan to expand into more communities and offer a new option for long-stay hospitality.”
In April, 3H Group opened the first Hyatt Studios Mobile/Tillmans Corner in Mobile, Alabama.
Nexgen Management acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.
Hunter Hotel Advisors brokered the transaction, led by Senior Vice President Kami Burnette and Vice President Mason McDavid.
The property is near El Paso International Airport, Marathon Petroleum, Veolia, Kinder Morgan, the Hospitals of Providence, University Medical Center of El Paso and the University of Texas at El Paso.
NEXGEN MANAGEMENT RECENTLY acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas. The Texas-based company, led by CEO Paul Uppal, focuses on limited and full-service hotel segments in the U.S.
The transaction was brokered by Hunter Hotel Advisors, led by Senior Vice President Kami Burnette and Vice President Mason McDavid, Hunter said in a statement.
“This is our second transaction in El Paso in 2025,” said Burnette. “We facilitated this sale to support the buyer’s continued growth across their hospitality portfolio along the border.”
The property is near El Paso International Airport, which serves more than 3.9 million passengers and handles more than 96,000 aircraft operations annually, the statement said. The area includes operations by Marathon Petroleum, Veolia and Kinder Morgan, as well as institutions such as The Hospitals of Providence, University Medical Center of El Paso and the University of Texas at El Paso.
Nearby sites include Sun Bowl Stadium, El Paso Museum of Art, and El Paso Zoo and Botanical Gardens. The hotel includes a fitness center, business center and outdoor pool.
In April, Whitestone Capital, a subsidiary of Whitestone Cos. led by CEO Jay Batra, acquired the 189-key Westin Great Southern Hotel in Columbus, Ohio, in an all-cash deal.
Sonesta recently opened a Red Lion Inn & Suites in Blue Springs, Missouri.
The 60-room hotel is owned by Reshma and Umesh “Max” Patel.
It is near Independence Airport and the Amtrak station, 30 miles from Kansas City International Airport.
Red Lion Inn & Suites Blue Springs is now open in Blue Springs, Missouri. The 60-room hotel is owned by Reshma and Umesh “Max” Patel.
The hotel is near Independence Airport and Kansas City International Airport as well as the Amtrak station, Sonesta said in a statement. Nearby attractions include the Harry S. Truman Library and Museum, Truman Sports Complex (home to Arrowhead and Kauffman stadiums) and Swope Park, the largest park in Kansas City.
“The expansion of Red Lion Hotels, Inn & Suites by Sonesta reflects the momentum behind our franchising strategy,” said Keith Pierce, Sonesta’s EVP and president of franchise and development. “We’re seeing increased interest from owners who value the flexibility, support, and national recognition of the Sonesta portfolio. Red Lion Inn & Suites Blue Springs shows how we’re working with franchisees to bring well-located hotels to market quickly and efficiently.”
Sonesta is the eighth-largest U.S. hotel company, with about 1,100 properties and 100,000 rooms across 13 brands in eight countries, according to STR.
Brian Quinn, Sonesta's chief development officer, recently told Asian Hospitality that the company's extended-stay brands, Simply Suites and ES Suites, remain strong as more travelers choose economy hotels.