CHARLOTTE-BASED MAYA HOTELS has acquired two Hampton Inn hotels in North Carolina and South Carolina. The two Hampton Inns boast a total of 210 guest rooms and are Maya Hotels’ second and third acquisitions over the last six months, the company said in a statement.
The hotels are the 100-room Hampton Inn & Suites Charlotte-Arrowood Road in Charlotte, North Carolina, and the 110-room Hampton Inn Columbia Northeast-Fort Jackson in Columbia, South Carolina. Maya Hotels, led by JD Deva as CEO, acquired the hotels on March 11.
The Charlotte property is near Carowinds Amusement Park and Charlotte Douglas International Airport. The Columbia hotel is near U.S. Army Fort Jackson the University of South Carolina and downtown Columbia. Amenities at each hotel include outdoor pools, fitness centers, meeting spaces, and business centers.
“We are excited to acquire these two top-branded assets at a discount to replacement cost,” said Krishna Deva, vice president of Maya Hotels. “Charlotte and Columbia have historically been top markets for us, and we are thrilled to grow our presence in these two cities with such a strong brand affiliation.”
The acquired hotels complement Maya Hotels’ existing footprint and will increase the current operating synergies the company has across North Carolina and South Carolina regions. The hotels will be renovated and managed by Maya Hotels.
“We are so happy to continue growing our relationships with the Charlotte and Columbia communities, as well as with Hilton. We are also thankful to each of our investors and banking partners,” said Deva. “The success of this transaction is a testament to our track record in the hospitality industry and our ability to adapt quickly in a rapidly changing lending environment. We look forward to bringing out the full potential of each of these properties with our hands-on management approach and the completion of major renovations at each property.”
The 100-room Hampton Inn & Suites Charlotte-Arrowood in North Carolina is located directly off of Interstate 77 in the Arrowood submarket, while the 110-room Hampton Inn Columbia Northeast-Fort Jackson is well-located directly off of two interstates: Interstate 77 and Interstate 20; near University of South Carolina and downtown Columbia.
“These two hotels are long-term staples within their communities, with great proximity to major attractions, corporate offices, and government business,” said Parimal Thakor, vice president of Maya Hotels. “We are thrilled to significantly upgrade both of these assets with multi-million-dollar capital improvement plans, which will position these hotels to become leading performers in their respective markets.”
The addition of the two Hampton Inns brings the total number of hotels in Maya Hotels’ portfolio to ten, including four Hilton properties. It acquired the Avid Hotel Fort Mill, SC in the second half of 2022, the statement said. In 2021, the company opened the Aloft Mooresville in Mooresville, North Carolina, made it official.
Rep. Aaron Bean delivers keynote addressPhoto credit: AAHOA