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HLS adds Budgetel Inn and Haven Hotel properties

Currently, there are 37 Budgetel Inns and 12 Haven Hotels with 4,511 rooms total

HLS adds Budgetel Inn and Haven Hotel properties

ATLANTA-BASED HOSPITALITY Lodging Systems has added two Budgetel Inn & Suites and two Haven Hotel properties to its portfolio, according to HLS. Currently, there are 37 Budgetel hotels with 3,813 rooms operating in 10 states plus China and 12 Haven Hotels with 698 rooms in nine states.

Both the Budgetel hotels are in metro Atlanta, a 218-room conversion former Clarion, located on the north side of the city and a 121-room property in suburban Lilburn. The new Haven Hotels are 50-all suites, boutique property in the Atlanta suburb of Marietta and a 130-room property in Hazelwood, Missouri, a statement said.


“Our brands are attracting owners who want to lower costs and boost profits, especially as our industry struggles to recover from two years of pandemic slowdown,” said Doug Collins, chairman and CEO of HLS. “Among the most popular features of our contract are unlimited free online reservations, fewer mandated amenities, and an annual exit opportunity.”

In addition to the two brands, HLS has 23 AmeriVu Inn & Suites properties with 1,353 rooms in nine states, including two added last week. The AmeriVu brand was started in 2015 by Nick Rai, CEO of Vishav Hotels, who signed a long-term exclusive licensing agreement with Atlanta-based HLS in 2016.

The firm now operates 72 properties with 5,864 rooms under these three brands.

Last year, HLS added 73 hotels with 5,967 rooms, a 16 percent increase in hotels and 21 percent hike in rooms, compared to 2020.

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Peachtree Group funds Vastland’s VOCE hotel with $130M loan
Photo credit: Vastland Co.

Peachtree finances Vastland’s VOCE Hotel for $130M

Summary:

  • Peachtree Group financed Vastland’s VOCE Hotel in Nashville for$130M.
  • The 25-story development will feature 192 residences and 114 hotel suites.
  • Construction will start Dec. 8, with completion expected in fall 2027.

PEACHTREE GROUP PROVIDED a $130 million construction loan to Vastland Co. for its first VOCE Hotel & Residence in Nashville, Tennessee. Construction will begin on Dec. 8, with completion expected in fall 2027.

The 25-story mixed-use development will include 192 residences, 114 hotel suites, 60,000 square feet of office space, and more than 40,000 square feet of dining and wellness amenities, according to NashvillePost.

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