Arbor Lodging acquires two Indianapolis hotels

Arbor Lodging Partners acquired two select service extended-stay hotels in Indianapolis through an affiliate: the TownePlace Suites Indianapolis Keystone, an 82-room hotel, and the TownePlace Suites Indianapolis Park 100, a 94-room property. NVN Hotels, an affiliate of Arbor, will manage the two hotels.

The two hotels are part of the TownePlace Suites by Marriott brand, and offer an all-suites concept that caters to business travelers.  The residential-style suites come in studio, one-bedroom and two-bedroom unit sizes, and offer amenities including ample work space and living areas, and full-sized, fully-equipped kitchens.

The acquisition marks the seventh and eighth hotels acquired by the firm in the last ten months. "Our hotel platform is in expansion mode; we're very pleased to be adding these two Marriott-branded properties to both our ownership and management portfolios," said Sheenal Patel, Arbor Lodging Partners principal and CEO of NVN Hotels.

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Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.