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.
Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.
SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.
The 2020-built hotel is less than 20 miles from Manhattan in a commercial corridor with major employers including Driscoll Foods, FedEx Group, Advanced Biotech, St. Joseph’s Wayne Hospital, and the Passaic County Administration, Hunter said in a statement. William Paterson University, Willowbrook Mall, and MetLife Stadium are also nearby.
It features an on-site fitness center, business center and indoor pool.
“The Home2 Suites by Hilton Wayne represents the type of asset we target,” said Patel. “Its proximity to major corporate demand generators, higher education institutions, and retail and entertainment venues supports strong performance.”
Hunter’s senior vice presidents, David Perrin and Spencer Davidson, brokered the transaction.
Patel said this is their second transaction with Hunter and praised the process and partnership.
“We look forward to building on the hotel’s recent performance and continuing to deliver guest experiences in the Greater New York City community,” he said.
Northstar Hotels Management recently acquired a 78-key Residence Inn and an 81-key Courtyard near the Jacksonville, Florida, airport.
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NewcrestImage acquired the 176-key, five-story NYLO Dallas Plano in Dallas.
The boutique property is in the 2,600-acre Legacy District business park.
It will be renovated and rebranded under Hilton’s Tapestry Collection.
NEWCRESTIMAGE RECENTLY ACQUIRED the 176-key, five-story NYLO Dallas Plano in Dallas. The company plans to renovate and rebrand it within the Tapestry Collection.
The boutique property in the 2,600-acre Legacy District business park includes indoor and outdoor event venues, including a 4,000-square feet patio around a heated pool.
This follows its 2024 purchase of NYLO Providence Warwick in Rhode Island, rebranded as The Loom Hotel, NewcrestImage, led by CEO and Managing Partner Mehul Patel, said in a statement.
"This hotel presents a significant new profit opportunity for us and complements our existing holdings," said Patel. "We previously owned five hotels in the Frisco/Plano market, so we are familiar with the area’s metrics for both short- and long-term returns."
In December, NewcrestImage opened the Homewood Suites Parsippany in New Jersey, which it acquired as a 150-unit, five-story building in June 2022 and renovated. Since 2013, the company has completed more than $3 billion in hotel transactions across nearly 300 hotels and 32,000 rooms.
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.
This is Vision’s 15th hotel in Chattanooga and one of the largest private downtown investments in more than a decade, the company said in a statement.It is near the Tennessee Aquarium, the Tennessee Valley Railroad Museum, Chattanooga Zoo and the city’s airport. Amenities include an indoor pool, fitness center and meeting rooms.
“This hotel represents our long-standing commitment to our hometown of Chattanooga and our belief in its continued growth,” said Vision’s founder and CEO Mitch Patel. “We’re proud to open our doors and create a space that connects people to the heart of Chattanooga’s riverfront district.”
Vision is working with SquareOne Holdings to manage food and beverage operations and operate the rooftop restaurant and bar, the statement said. The property also includes an indoor pool and 3,000 square feet of meeting space.
Vision presently owns 44 hotels in the U.S. under the Hilton Hotels & Resorts, Marriott International, Hyatt Hotels Corp. and IHGHotels & Resorts brands.The companyrecently held its fourth annual Red Sand Project with WillowBend Farms in Chattanooga to combat human trafficking.
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.
“After previous marketing efforts by the seller did not result in a sale, we were able to leverage the Marcus & Millichap platform to connect with qualified buyers and renew interest in the property, ultimately bringing the deal to a successful close,” said Brock Banken, Marcus & Millichap investment specialist. “The new ownership plans to renovate guest rooms, common areas and the exterior, and take a hands-on approach to operations to improve performance. With Detroit Lakes’ status as a year-round destination and its strong seasonal demand, the market is well-positioned for continued growth.”
Northstar Hotels Management acquired the 78-key Residence Inn and 81-key Courtyard near Jacksonville, Florida.
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.
The hotel in Wilmington’s Mayfair Town Center is near Wrightsville Beach and downtown, the statement said. It has a 24/7 fitness center, indoor-outdoor lobby bar, pool, electric vehicle charging stations, and complimentary bike rentals.
“We are proud to add the Element by Westin brand to our portfolio in Wilmington,” said Mitch Patel, Vision’s founder and CEO. “This is the second Element property we have opened and our second hotel in the Wilmington area. Together with CBL, we have developed a space that combines hospitality with sustainability. This is also our second new development project with CBL & Associates, a strategic partner for Vision as we expand in key markets.”