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.
Sagemont Hotels opened the five-story, 128-key Homewood Suites in Fremont, California.
Offers studio, one-bedroom and two-bedroom suites.
Located 12 miles from San Jose Mineta International Airport.
Homewood Suites by Hilton Fremont is now open in Fremont, California. The five-story, 128-key property is operated by Sagemont Hotels, led by President and CEO Hiral Patel.
The hotel is near Levi Stadium, the University of California Berkeley, Stanford University, Cal State East Bay and Mission Peak Regional Preserve, Sagemont said in a statement. It is 12 miles from San Jose Mineta International Airport.
“We are thrilled to celebrate the opening of Homewood Suites Fremont with the Fremont community,” said Ajay Raman, Sagemont’s president of operations. “This dynamic city, known for its innovation, diversity and community spirit, provides the perfect backdrop for our newest property. We’re confident that Homewood Suites will enhance the experience for Fremont’s visitors while contributing to the continued growth and vitality of the local economy. We look forward to the lasting memories this hotel will help create for all who walk through its doors.”
The property features studio, one-bedroom and two-bedroom suites, the statement said. The property includes a swimming pool, fitness center, EV charging stations, covered lower-level parking, an outdoor patio with a fire pit and 600 square feet of meeting space for up to 40 people.
In May, Whitestone Capital, a division of Whitestone Cos. led by CEO Jay Batra, reopened the dual-branded Hilton Garden Inn and Homewood Suites in Colorado Springs, Colorado.
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.
The hotel is managed by Peachtree’s hospitality division.
“We're pleased to open this project in the heart of Gulf Shores,” said Greg Friedman, Peachtree’s managing principal and CEO. “With its beachfront location, amenities and gathering spaces, Embassy Suites Gulf Shores Beach Resort is designed to serve both visitors and the community.”
Atlanta-based Peachtree is led by Friedman, CFO and Managing Principal Jatin Desai and Principal Mitul Patel.
The hotel includes 13,620 square feet of meeting and pre-function space, including a 7,800-square-foot ballroom with Gulf views for conferences, weddings and events. It also features a three-story parking garage and more than 7,600 square feet of retail space.
For Friedman, the project is personal.
“I spent many summers and school breaks in Orange Beach and Gulf Shores as a child,” he said. “It's meaningful to return and help develop a place where more people can experience the area and locals can benefit from new restaurants, amenities, and gathering spaces.”
The hotel opens as Gulf Shores expands its tourism and events footprint. Located near the Hangout Music Festival, National Shrimp Festival and NCAA Beach Volleyball Championships, Embassy Suites Gulf Shores provides access to Gulf State Park, the Wharf at Orange Beach, golf courses and Foley’s sports complex.
Friedman said the goal was to create a hotel where visitors can relax, gather and experience Gulf Shores.
“We believe Embassy Suites Gulf Shores will appeal to both leisure travelers and the meetings and events market,” he said.
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Witness Investment acquired the 117-key Hilton Garden Inn in Springfield, Illinois, from Schulte Hospitality Group.
The hotel is near the University of Illinois Springfield, Capital City Shopping Center and the $67 million Scheels Sports Park, expected to draw 200,000 visitors and generate $30 million annually.
Witness, based in Indianapolis, is led by principals Gurtej Medi and Sagar Patel.
WITNESS INVESTMENT RECENTLY acquired the 117-key Hilton Garden Inn Springfield in Springfield, Illinois, from Schulte Hospitality Group. The transaction is part of the company’s strategy for expansion in the region.
The hotel is near the University of Illinois Springfield, Capital City Shopping Center and the $67 million Scheels Sports Park, which is expected to draw 200,000 visitors annually and generate $30 million in economic impact, according to Hunter Hotel Advisors that facilitated the transaction.
It serves travelers visiting Springfield landmarks such as the Abraham Lincoln Presidential Library and Museum, Lincoln’s home and the Illinois State Capitol, the city’s largest employer.
Manufacturers including BUNN-O-Matic, Standard Aero and Richardson Manufacturing support the regional economy and contribute to Illinois’ position as the nation’s fourth-largest manufacturing state.
Amenities include a fitness center and indoor pool, Hunter said in a statement.
Indianapolis-based Witness is led by principals Gurtej Medi and Sagar Patel. Spencer Davidson, senior vice president, represented Hunter.
“We are excited to add the Hilton Garden Inn Springfield to our portfolio,” said Medi. “The hotel’s location near key demand drivers—government, healthcare and the new Scheels Sports Park—aligns with our strategy of targeting high-potential assets in resilient Midwest markets. We look forward to building on its performance and continuing to deliver value to guests, partners and the community.”
Schulte, based in Louisville, Kentucky, is led by Chairman and CEO Darryl Schulte and Founding Principal Ray Schulte.
Private equity firm Excel Group recently acquired the Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida.
Excel Group reportedly acquired the Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida, for $21.17 million.
The 105-room Residence Inn was built in 2019; the adjacent Hampton Inn & Suites, built in 2014, also has 105 rooms.
Founded in 2011, Excel owns, develops, invests in, and manages U.S. hotels, with about $1 billion in acquisitions.
EXCEL GROUP, A private equity firm that owns and develops hotels, reportedly acquired the Residence Inn and Hampton Inn & Suites in Coconut Creek, Florida, for $21.17 million. The Arlington, Virginia-based firm is led by Founder and Principal Shoham Amin.
Excel acquired the hotels from entities affiliated with Check My Property, a California-based real estate investment firm with a national portfolio of economy and midscale hotel assets, South Florida Business & Wealth reported. Marcus & Millichap marketed the portfolio for the seller and secured the buyer, according to the brokerage.
“At a time when market conditions have led to very few sales within this range of value, the hotels' location and the quality of the brands were critical in driving buyer demand,” said Robert Hunter, Marcus & Millichap’s senior managing director. “This was one of the more competitive sales processes we’ve managed in years, which is a testament to the premium for premium-branded hotels in Southeast Florida.”
The six-story, 105-room Residence Inn was built in 2019. The adjacent Hampton Inn & Suites, built in 2014, also has 105 rooms. Both offer outdoor pools, fitness centers and meeting space, Marcus & Millichap said in a statement. The hotels occupy a 4.73-acre site near Seminole Casino Coconut Creek, HCA Florida Northwest Hospital and the Mainstreet at Coconut Creek development.
Founded in 2011, Excel owns, develops, invests in and manages U.S. hotel assets, having acquired about $1 billion in hotel real estate.
In March, Excel secured investment from Los Angeles-based Ares Management for a portfolio of eight Marriott and Hilton hotels. The assets, mostly on the U.S. East Coast, include limited-, select- and extended-stay properties.
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.”
Baywood Hotels, based in Columbia, Maryland and led by President Al Patel, acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami.
The hotel is near Miami International Airport, South Beach, UPS, FedEx, Boeing, and the upcoming Oasis of Doral.
Hunter Hotel Advisors, led by Robert Taylor and Sophia Pittaluga, brokered the sale.
BAYWOOD HOTELS RECENTLY acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami. Hunter Hotel Advisors, led by Executive Vice President Robert Taylor and Senior Vice President Sophia Pittaluga, brokered the sale, Hunter said in a statement.
“We are excited to execute this deal on behalf of our client,” said Pittaluga. “The asset benefits from airport, leisure and corporate demand, with Baywood positioned in a submarket seeing continued business and residential growth.”
The hotel is near Miami International Airport, Miami International Mall, Trump National Doral’s Blue Monster Golf Course, South Beach, Wynwood, Dolphin Mall, and Marlins Park. Corporate offices including UPS, FedEx, and Boeing contribute to demand, along with the upcoming Oasis of Doral development. The hotel includes 1,127 square feet of meeting space in two rooms, a fitness center, business center and outdoor pool.
Columbia, Maryland-based Baywood, founded in 1975 by Nick Patel with a single motel in Laurel, is now led by President Al Patel.
Nexgen Management, led by CEO Paul Uppal, acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.