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.
Whitestone Capital Elevates Colorado Springs Hospitality
Hilton Garden Inn Colorado Springs North and Homewood Suites Colorado Springs North are now open in Colorado Springs, Colorado. Whitestone Capital, a division of Whitestone Cos. led by CEO Jay Batra, recently completed year-long renovations of the dual-branded property with Ohio-based Striv Design.
“We are thrilled to reintroduce these hotels to the community and our loyal guests,” said Batra. “Our teams, along with Striv Design and Regal Hospitality, have created spaces that elevate the travel experience. We invite both business and leisure travelers to experience it for themselves.”
The Hilton Garden Inn and Homewood Suites are adjacent to each other and near the U.S. Air Force Academy. The properties offer indoor and outdoor pools and three fitness areas for business travelers.
Batra said the properties were valuable assets that needed investment to position them as key properties in the area.
“The first time we toured the property, we were at a loss for words at the mountain views from the guestrooms,” said Chuck Groger, Whitestone’s chief revenue officer. “We knew then all the properties needed was a renovation and a management team who cared. And now, with the transformation complete, we are thrilled to celebrate it with the entire Colorado Springs community.”
Whitestone recently acquired the 144-room Homewood Suites by Hilton Minneapolis-Mall of America, its first investment in Minnesota and fourth Homewood Suites purchase in 18 months.
Vision recently opened a Hilton dual-brand property in Cleveland, TN.
It is the company’s 44th hotel and 26th in the state.
It recently opened the $60 million Embassy Suites in Chattanooga, TN.
Hilton Worldwide Holdings' dual-brand Home2 Suites and Tru by Hilton are now open in Cleveland, Tennessee. The combined 140-key, five-story property is owned by Vision Hotel Group Inc., led by Founder and CEO Mitch Patel.
It is the company’s 44th hotel and its 26th owned and operated in the state, Vision said in a statement.
“We are excited to officially open this dual-brand property in Cleveland, Tennessee,” said Patel. “This project marks a significant milestone in our continued growth and highlights our strong partnership with Hilton. It also reflects our ongoing commitment to investing in communities that are important to us.”
Vision broke ground on the dual-brand property in May 2024 and completed it on schedule, as announced at the ceremony. The hotel includes 800 square feet of meeting space, an outdoor pool, and public areas for business and leisure guests.
In August, Vision and CBL & Associates opened the 139-room Element Wilmington in Wilmington, North Carolina. The company also opened the $60 million Embassy Suites by Hilton Chattanooga Downtown in Chattanooga, Tennessee.
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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.
Peachtree Group and Paso Robles Hotel Partners opened The Ava Hotel in Paso Robles, California.
Azul Hospitality will manage the 151-room, four-story hotel.
Moore 2 Design developed the interior design for the property.
THE AVA HOTEL, part of Hilton’s Curio Collection, is now open in Paso Robles, California. The 151-room, four-story hotel is owned by Peachtree Group and Paso Robles Hotel Partners.
“The Ava Hotel is both a destination and a gathering place for Paso Robles,” said Matt Kleefisch, The Ava Hotel’s GM. “Every detail—from the design-forward accommodations to the ingredient-driven menus at EMRE—reflects the warmth, creativity and hospitality that make Paso so special. We wanted to create a place where travelers can immerse themselves in the Central Coast and where locals want to gather. By blending elevated dining, social spaces and design that celebrates the region’s character, The Ava Hotel spotlights Paso Robles as a destination for every kind of guest.”
Atlanta-based Peachtree, is led by Greg Friedman, managing principal and CEO, Jatin Desai, managing principal and CFO, and Mitul Patel, principal. Paso Robles Hotel Partners is a joint venture between Peachtree and Verakin Capital, a San Mateo firm led by Rupesh Patel, Bimal Patel and Hiten Suraj.
Moore 2 Design developed the hotel’s the interior design, the statement said. Pegasus Architects created the exterior façade and Arris Studio Architects produced the construction drawings. Studio Sinclair and HBA designed the property to reflect Paso Robles’ heritage and growth as a cultural and culinary destination.
The hotel offers standard rooms—single king, double queen and double king—and upgraded rooms with Juliet balconies or pool patio decks with direct access to the rooftop saltwater pool. One-bedroom and double queen suites include 1.5 bathrooms and living areas with fireplaces, powder rooms and sofa sleepers.
Peachtree Group, Woodbine Development Corp. and DD Partners LLC opened the Embassy Suites by Hilton Gulf Shores Beach Resort on Alabama’s Gulf Coast.
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.