Hotel Development Partners acquires seven Marriott hotels

Atlanta-based Hotel Development Partners (HDP) added seven select-service Marriott hotels to its portfolio of properties. HDP purchased the properties from Houston-based Moody National for Atlanta-based Hotel Equities, who will continue to manage all seven hotels through its JV partnership with HDP.

The hotels included in the purchase are: Fairfield Inn & Suites, Alpharetta, Fairfield Inn & Suites Buckhead, Fairfield Inn & Suites Perimeter Center, SpringHill Suites Alpharetta, TownePlace Alpharetta and TownePlace Suites Kennesaw, all in metro Atlanta, and the Fairfield Inn & Suites in Macon, Ga.

Hotel Development Partners holds additional assets including the Residence Inn Surfside/Miami Beach, opening summer 2015, the Hampton Inn & Suites Dunwoody/Perimeter Center, under construction in Atlanta, and the Fairfield Inn & Suites North Charleston. More acquisition and new development deals are in process including several existing hotels in Charleston, S.C.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Suggested Articles

The Peppers Airlie Beach resort in north Queensland is up for sale via an International expressions of interest campaign.

Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Atrium Hotels' Athinagoras Konstantinidis discusses hotel opportunities and challenges.

The Radisson Red Miraflores has 100 guestrooms, a games studio and a fitness center.