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.

Virtual Event

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.