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.
