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Vision Hospitality restoring historic Grady Hotel in Louisville, KY

The hotel’s structure, built in 1883, is scheduled to open in 2021

WORK HAS BEGUN on reconstructing The Grady Hotel in Louisville, Kentucky, another luxury boutique hotel being developed by Chattanooga, Tennessee-based Vision Hospitality Group, led by Mitch Patel, president and CEO. It is scheduled for completion in 2021.

The 51-room hotel is name for Grady Clay, a local journalist and proponent of the New Urbanism movement that focuses on the development of walkable communities. It was built in 1883 by pharmacist J.B. Wilder.


“We are excited to restore this historic building in the heart of Bourbon City to a luxury boutique hotel that encompasses Louisville’s one-of-a-kind spirit,” Patel said. “We also look forward to joining this timeless neighborhood with Wild Swann, our food and beverage offering intended for guests and locals.”

The Wild Swann restaurant is named after the Swann-Abram Hat Co., one of the original residents of the building in the 1920s known for designing the first hats worn at the Kentucky Derby. It is near the Muhammed Ali Center, Frazier History Museum, Louisville Slugger Museum and many of the area’s restaurants and bars.

Vision Hospitality first announced its plans for The Grady in 2018, according to local media.

Vision Hospitality’s other upscale developments include the AC Hotel Atlanta Perimeter Center in Atlanta, expected to open in 2021, and the Aloft by Marriott Chattanooga/Hamilton Place in Chattanooga. In 2018 it opened The Edwin Hotel, part of Marriott International’s Autograph Collection, in Chattanooga, Tennessee, and launched its own boutique brand, Kinley.

The company also recently broke ground on the Hampton Inn by Hilton Blue Ridge in Blue Ridge, Georgia.

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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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