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.
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.
Hideaway Inns opened the 56-room Hideaway Inn Mt. Sunapee in New Hampshire.
The hotel is managed by Revival Hotels.
Both companies are led by founder and CEO Saxton Sharad.
Hideaway Inn Mt. Sunapee is now open in Mt. Sunapee, New Hampshire. The 55-room hotel was developed by Hideaway Inns and is managed by Revival Hotels, both led by founder and CEO Saxton Sharad.
The first Hideaway Inn hotel is near Lake Sunapee State Beach, Sunapee Harbor, Colby-Sawyer College and Dartmouth College, Hideaway Inns said in a statement. It provides access to year-round activities on Mt. Sunapee, including skiing, snowboarding, mountain biking and festivals.
“We created Hideaway Inns to fill a gap in the market—providing convenient access to destinations travelers love, but in places big brands often overlook,” said Sharad. “With a focus on thoughtful design, social spaces, and frictionless technology, we are building something different. The Mt. Sunapee property sets the tone for the brand and we could not be more excited to kick off our journey here. With three properties slated to open by the end of the year and 25 over the next five years, this is only the beginning.”
Two Hideaway Inn properties are under development in Mount Snow, Vermont, and Sugar Hill, New Hampshire, with openings expected by year’s end, the company said. The brand is targeting regional markets in the Northeast and areas underserved by traditional hotels.
The Mt. Sunapee hotel uses technology support from Revival Hotels’ for direct-to-door check-in, the company said. The HI Innsider Guide app offers recommendations, local information and property details. Shared spaces include the Living Room with shuffleboard, a vinyl library, board games and a fireplace.
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Arora Group and Deva Capital acquired Novotel London West in Hammersmith.
The deal expands Arora’s London portfolio, including the InterContinental London – The O2.
In July, the group also acquired Bloc Hotels, a short-stay operator.
UK-BASED ARORA GROUP and Deva Capital recently acquired the 630-room Novotel London West in Hammersmith. It is Arora’s second London deal, taking its portfolio to more than 20 hotels and 8,000 rooms.
The hotel has more than 630 rooms and conference facilities for up to 3,000 delegates across 33 meeting spaces, Arora said in a statement.
Arora Group, founded and chaired by Surinder Arora, is a hotel and property developer. Deva Capital, the investment arm of Banco Santander’s Alternative Investments division, focuses on real estate debt, equity and corporate solutions.
“In partnership with Deva Capital, we are delighted to welcome Novotel London West into the Arora portfolio,” said Arora. “This acquisition reflects our commitment to expanding in key UK locations, particularly central London. The hotel’s meetings and events capacity aligns with our strategy and we look forward to building on its success.”
The deal adds to Arora’s London portfolio, which includes the InterContinental London – The O2. In July, the group also acquired Bloc Hotels, focused on short-stay properties.
Arora Hotels, a division of the group, presently operates more than 7,000 rooms across airport and city centre locations, with projects under way. Its portfolio includes Sofitel, Novotel, Renaissance, InterContinental, Holiday Inn, Crowne Plaza, Hilton and Fairmont brands, as well as independent hotels such as Arora Gatwick Crawley and Luton Hoo Hotel, Golf & Spa, which is being redeveloped as the group’s second Fairmont property.
Hersha Hotels & Resorts sold The Boxer Boston to Eurostars Hotels.
The company acquired the property in 2012 for $12.6 million.
The property now sold for $23.6 million.
HERSHA HOTELS & RESORTS sold The Boxer Boston, an 80-room hotel in Boston’s West End, to Eurostars Hotels, part of Spain’s Grupo Hotusa. The company, which reportedly acquired the property in 2012 for $12.6 million, received $23.6 million for it.
The seven-story hotel, built in 1904, is near TD Garden, the Charles River Esplanade, One Congress, North Station and Massachusetts General Hospital, said JLL Hotels & Hospitality, which brokered the sale. It also has a fitness center.
Hersha Hotels & Resorts is part of the Hersha Group, founded in 1984 by Hasu Shah. Jay Shah serves as senior advisor and his brother Neil Shah is president and CEO.
JLL Managing Director Alan Suzuki, Senior Director Matthew Enright and Associate Emily Zhang represented the seller.
"The Boxer’s prime location at the crossroads of Boston's West End, North End and Downtown districts, combined with its strong cash flow and its unencumbered status regarding brand and management, made this an exceptionally attractive investment," said Suzuki. "Boston continues to demonstrate resilient lodging fundamentals driven by its diverse demand generators, including world-class educational institutions, medical facilities, corporate presence and convention and leisure attractions."
The property will become the Spanish hotel chain Eurostars’ fifth U.S. hotel, supporting the group’s North American expansion, the statement said.
Amancio López Seijas, president of Grupo Hotusa and Eurostars Hotels Co., said the addition of Eurostars’ The Boxer strengthens the company’s presence in key locations and promotes urban tourism.
Sun acquired the Hyatt Place Albuquerque/Uptown in New Mexico.
The hotel has 1,127 square feet of meeting space, a fitness center and an outdoor pool.
The 126-key, six-story hotel is near ABQ Uptown and Coronado Center.
SUN CAPITAL HOTELS recently acquired the 126-key six-story Hyatt Place Albuquerque/Uptown in Albuquerque, New Mexico, from an institutional owner. Hunter Hotel Advisors brokered the transaction and terms were not disclosed.
The hotel is near ABQ Uptown and Coronado Center, which together total more than 1.4 million square feet of retail space, Sun said in a statement. Demand drivers include EXPO New Mexico, Tingley Coliseum, the University of New Mexico and the city’s convention, cultural and sports facilities. The hotel has 1,127 square feet of meeting space, a business center, a 24-hour fitness center and an outdoor pool.
“This hotel marks our seventh property in Albuquerque and twelfth overall in our portfolio,” said Kholwadwala. “It’s a great asset right in our front yard, in a high barrier-to-entry submarket. My father started out in Albuquerque in 1981 with a small 23-room motel, so this acquisition carries personal meaning as well. Sun Capital Hotels has seven additional hotels in its pipeline and continues to grow through both new builds and acquisitions.”
Brian Embree, vice president in Hunter’s Los Angeles office, facilitated the transaction, the statement said.
Embree said the Hyatt Place is a top-performing hotel in one of Albuquerque’s strongest districts.
“The property is positioned to capture strong demand from retail, entertainment, university and convention activity, as well as Albuquerque’s thriving film industry,” he said.
TMGOC Ventures, Willow Street Capital open ESA Premier Suites – Jacksonville Airport.
The hotel is near UF Health North Hospital and Jacksonville North VA Clinic.
Amenities include a fitness room.
Extended Stay America Premier Suites – Jacksonville Airport is now open in Jacksonville, Florida. The four-story, 124-room hotel was developed by franchisee TMGOC Ventures, led by cofounder and managing partner Sunju Patel and Willow Street Capital.
“This is an exciting addition to our portfolio, especially as Jacksonville continues to show strength across medical, logistics and aviation sectors,” said Patel. “We see the airport submarket evolving rapidly and our decision to bring a purpose-built Extended Stay America Premier Suites to this location reflects our long-term belief in its growth trajectory. We’re proud to introduce a product that supports the needs of both extended-stay guests and the local community.”
Mark Williams, ESA’s managing director for franchise development, said ESA is expanding its Premier Suites footprint and bringing an extended-stay property to Jacksonville.
"This location reflects our commitment to providing exceptional value and comfort for guests who need a reliable place to stay for longer periods, while supporting our franchise partners in strong-performing markets,” he said.
"TMGOC remains focused on developing institutional-quality assets in markets with potential for sustained growth,” said Glenn Alba, TMGOC Ventures' co-founder and managing partner. “The Extended Stay America Premier Suites brand offers value for today’s traveler and we are bringing a property that expands hospitality options in Jacksonville’s Northside.”
In August, Northstar Hotels Management, led by founders Salim Premji, Sapna Premji and Jigar Amin, acquired the 78-room Residence Inn and 81-room Courtyard near Jacksonville International Airport.