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.