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VMV Capital opens ESA in South Carolina

The company is led by Viren Patel as president and Vinny Patel as CEO

VMV Capital opens ESA in South Carolina

Extended Stay America Premier Suites Duncan, located in Duncan, South Carolina, is now open. VMV Capital, led by Viren Patel as president, Mike Bhula as COO and Vinny Patel as CEO, developed and will manage the four-floor, 88-room property, ESA said in a statement.

“We are excited to welcome the Extended Stay America Premier Suites Duncan,” said Mark Williams, ESA’s managing director for franchise development. “By expanding our footprint to this thriving area, we can meet the growing demand for extended-stay lodging, providing guests with the amenities and essential services to stay productive as they are away from home. As the extended-stay segment leader, it is our pleasure to work with companies like VMV Capital who invest in their communities to provide long-term accommodations and help us continue to meet the growing demand for extended-stay lodging.”


The property is located four miles from the Tyger River Sports Complex and Upward Star Center, the statement added. It is also near Greenville-Spartanburg International Airport, BMW Manufacturing, Wofford College, USC Upstate, Converse College, Draxlmaier Group, Benteler Automotive and the Tyger River Industrial Park.

“I am incredibly proud of the hard work and dedication of our team, which has worked tirelessly to bring this hotel to fruition,” said Vinny Patel. “Their commitment to excellence has been instrumental in ensuring that the Extended Stay America Premier Suites Duncan will provide guests with an exceptional experience.”

In February, Southern Hospitality, led by president Nikesh Shah, broke ground on its first Extended Stay America Select Suites prototype in Wildwood, Florida.

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Peachtree Group Backs The Briad Group’s Retail Expansion

Peachtree backs Briad’s retail expansion

Summary:

  • Peachtree to provide up to $200M to Briad for retail expansion.
  • Private credit platform to fund 2–4 Circle K stores and mini-travel centers yearly.
  • Peachtree has provided Briad $100M+ for hotel developments since 1999.

PEACHTREE GROUP IS expanding into the convenience and fuel retail sector, providing up to $200 million to The Briad Group to develop and acquire new sites. Its private credit platform will support two to four Circle K stores and mini Travel Center projects annually.

Each 7,000-square-foot location combines fuel, convenience retail and quick-service restaurants including Wendy's, Dunkin', Jimmy John's and Buffalo Wild Wings Go, Peachtree said in a statement.

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