This week, Iowa-based Hawkeye Hotels acquired the Fairfield Inn & Suites in Cambridge, Ohio, for an undisclosed sum, days after closing on the acquisition of the Aloft Oklahoma City Downtown - Bricktown. These are the company’s second and third acquisitions of 2021. In January, Hawkeye Hotels acquired the Staybridge Suites in Lafayette, La.
Constructed in 2016, the Fairfield Inn & Suites has 99 guestrooms across four floors, with 238 square feet of meeting space and a bar for guests. This hotel complements Hawkeye Hotels’ existing portfolio, which includes properties in Grove City, Ohio, in addition to Pittsburgh and Erie, Pa.
Last week, Hawkeye Hotels acquired the six-story Aloft Oklahoma City for an undisclosed amount. This hotel has 134 guestrooms and more than 7,500 square feet of event space. The hotel is part of the Bricktown District, which offers nightlife, restaurants, sports activities and a variety entertainment options. The Aloft also islocated near the Cox Convention Center, Chesapeake Energy Arena and the Civic Center. This is Hawkeye Hotels’ first property in Oklahoma.
The Staybridge Suites in Lafayette has 118 extended-stay style suites with full kitchens, as well as a fitness center and outdoor pool. The hotel is within minutes of Lafayette Regional Airport, the University of Louisiana at Lafayette and the Cajundome Convention Center. The hotel is the company's third in Louisiana, where it also owns and operates hotels in Baton Rouge and Bossier City.
Hawkeye Hotels owns and operates more than 50 hotels across the country, with additional properties under development.
“Despite all the challenges that we have had to navigate as an industry over the last 12 months, Hawkeye Hotels is positioned to continue strategically acquiring properties across the country,” said Parth Patel, head of investments.