Beginning immediately, Hotel Equities will partner in a supportive role to help manage the final construction and development phase of the property. The firm will begin hotel operations during the preopening stage with scheduled opening expected to be in August 2017. Hotel Equities continues its growth strategy in the Midwest with its first hotel in the state of Illinois. The company's portfolio now numbers over 100 hotels coast to coast.
“We are extremely excited to partner with our new owners on their Home2 Suites by Hilton,” Joe Reardon, SVP of business development and marketing for Hotel Equities, said in a statement. “We feel this is a strong partnership, not only with great owners, but also with another Home2 Suites, a great Hilton brand. The hotel offers a unique and ‘hip’ extended-stay experience for savvy, value-oriented business and leisure travelers. With strong demand generators, plus our operational expertise in select service and extended stay space, we are encouraged about delivering an excellent return for our investors.”
The Home2 Suites site is in southern Illinois in close proximity to a regional hospital, Southern Illinois University and good corporate and leisure demand generators.
“We are excited to bring a new hotel with a new brand to our home town,” Pradeep Reddy, owner of the property, said in a statement. “We chose Hotel Equities as our partner because they bring expertise in both development, management and brand experience, but more importantly, their culture and values match our organization’s mission. Our city is ready to grow and it deserves the best we can deliver. We feel we have the right brand in the best location that can serve all disciplines well.”
The Home2 Suites property offers access to technology, as well as trademark Home2 Suites amenities standard in all properties. These include the Oasis lobby area, the Home2 MKT for grab-and-go items, the Spin2 Cycle (a combined laundry and fitness area) and a free continental breakfast at the Inspired Table. The hotel also has an outdoor saline pool and patio with gas grills and a fire pit for guests' use.