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TownePlace Suites opens in Woodbridge, VA

It is managed by Mike and Nav Patel’s Marquee Hospitality

The TownePlace Suites by Marriott Potomac Mills Woodbridge is open in Woodbridge, Virginia. It is owned by Mills Group LLC and managed by Marquee Hospitality LLC, which is led by Mike Patel as principal and chief operations officer and Nav Patel as Principal and chief financial officer.

Attractions near the new 91-suite Woodbridge hotel include the Potomac Mills Mall, the Hylton Chapel, Marine Corps Base Quantico, Fort Belvoir, historic Occoquan and downtown Washington, D.C. Hotel amenities include an indoor swimming pool, a fitness center and 1,255 square feet of meeting space.


In September, Chattanooga, Tennessee-based Vision Hospitality Group, led by Mitch Patel as president and CEO opened the TownePlace Suites by Marriott Tuscaloosa University Area in Tuscaloosa, Alabama.

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US Extended-Stay Hotels Outperforms in Q3

Report: Extended-stay hotels outpace industry in Q3

Summary:

  • U.S. extended-stay hotels outperformed peers in Q3, The Highland Group reported.
  • Demand for extended-stay hotels rose 2.8 percent in the third quarter.
  • Economy extended-stay hotels outperformed in RevPar despite three years of declines.

U.S. EXTENDED-STAY HOTELS outperformed comparable hotel classes in the third quarter versus the same period in 2024, according to The Highland Group. Occupancy remained 11.4 points above comparable hotels and ADR declines were smaller.

The report, “US Extended-Stay Hotels: Third Quarter 2025”, found the largest gap in the economy segment, where RevPAR fell about one fifth as much as for all economy hotels. Extended-stay ADR declined 1.4 percent, marking the second consecutive quarterly decline not seen in 15 years outside the pandemic. RevPAR fell 3.1 percent, reflecting the higher share of economy rooms. Excluding luxury and upper-upscale segments, all-hotel RevPAR dropped 3.2 percent in the third quarter.

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