News Summary
In a significant development for Michigan’s hospitality sector, three Sonesta hotels have been acquired by a local operator through HREC Investment Advisors. The properties include Sonesta Simply Suites and Sonesta Select in Novi, as well as Sonesta Select in Auburn Hills, all strategically located to cater to both business travelers and tourists. This acquisition signals a fresh commitment to enhancing the guest experience in the region, showcasing the promise of Michigan’s travel industry.
Exciting News for Michigan: Three Sonesta Hotels Change Hands!
Get ready, Michigan! There’s some big news in the hospitality world as three Sonesta hotels have officially been acquired by a local operator. This transaction, facilitated by HREC Investment Advisors, brings fresh energy to the hotel scene in our state, and it’s exciting for travelers and locals alike!
A Look at the Hotels
The newly acquired properties include:
- Sonesta Simply Suites Detroit – Novi: A cozy spot with 94 rooms.
- Sonesta Select Detroit – Novi: This place features 122 rooms for guests.
- Sonesta Select Detroit – Auburn Hills: With 148 rooms, this hotel is perfect for those visiting the area.
All three hotels are located in prime areas, making them a great choice for business travelers and tourists alike. The acquisition, handled by an affiliate of Service Properties Trust (SVC), showcases not just a sale, but also a commitment to enhancing the experience for visitors to Michigan.
Who’s Behind the Deal?
The talented team at HREC Investment Advisors played a crucial role in this transaction. From marketing the properties to leading negotiations, their expertise made the process smooth. The team included prominent figures like a senior principal and COO based in Tampa, managing directors from Atlanta, and senior vice presidents all the way in Detroit.
What’s the Big Deal About SVC?
You might be wondering about the seller, Service Properties Trust, right? Well, they’re no small player in the hospitality game! With over $11 billion invested in hotels and service-focused retail properties, they own 206 hotels across the United States, Puerto Rico, and Canada. Yes, that’s over 35,000 guest rooms!
A Prime Location for Business and Leisure
So, what makes these hotels special? For starters, the Sonesta Simply Suites and Sonesta Select in Novi are just a stone’s throw from popular spots like the Suburban Showplace Center and Twelve Oaks Mall. If you’re in town for business, you’ll be pleased to know they’re close to local giants like Harman International and Ryder Systems. And for leisure travelers, Maybury State Park and a couple of golf courses are right around the corner for a little relaxation time.
Then there’s the Sonesta Select in Auburn Hills, located less than 30 miles from Downtown Detroit and the U.S.-Canada border. It’s a bustling area known for being home to major institutions like the Chrysler headquarters and Oakland University, among others. The nearby 185-storefront outlet mall and amenities like hospitals and community colleges make this location super convenient.
Connecting Michigan to the World
The Auburn Hills hotel is particularly strategically located with easy access to major highways like Interstate 75, leading directly to the Ambassador Bridge, North America’s busiest international border crossing. This means that whether travelers are heading to the vibrant streets of Detroit or making their way to Canada, they’ve got a great launching pad.
In Conclusion
The acquisition of these three Sonesta hotels is a positive development for both Michigan’s hospitality industry and visitors looking for great places to stay. With top-notch facilities and prime locations, these hotels are sure to welcome both business travelers and vacationers with open arms. So, next time you’re traveling in Michigan, keep an eye out for these newly acquired gems!
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Additional Resources
- Lodging Magazine: HREC Arranges Sale of Three Sonesta Hotels in Michigan
- Fox2Detroit: Holly Hotel Listed for Sale 2 Years After Fire
- Detroit Free Press: Former Dearborn Hyatt Auction
- Detroit News: Historic Holly Hotel is for Sale
- Detroit Free Press: Auction for Former Dearborn Hyatt Ends
- Wikipedia: Hotel
- Google Search: Michigan hotels
- Google Scholar: Hotel industry
- Encyclopedia Britannica: Hotel
- Google News: Michigan hospitality updates
