Date: January 2020
Location: Boca Raton, Florida and Mahwah, New Jersey – USA
Name: The Embassy Suites by Hiton Boca Raton and Hampton Inn & Suites Mahwah
No. of Keys: 236 and 111
Seller: Boca Raton Falcon Hotel and by auction from ….TBA
Buyer: Blue Sky Hospitality Solutions recently bought the Embassy Suites by Hilton Boca Raton and the Hampton Inn & Suites Mahwah. BSHS plans to invest $10 million upgrading both hotels.
“While both hotels enjoy enviable locations in markets with numerous demand generators, we believe the properties will experience a noticeable improvement to both guest scores and overall revenues following the multi-million dollar renovation plans,” Naveen Shah, CEO of BSHS, said in a statement. “With their respective proximities to beaches, airports, universities and thriving downtown areas, these hotels are ideal additions to our growing portfolio of owned and operated hotels nationwide.”
The seven-story Embassy Suites by Hilton Boca Raton includes 15,000 square feet of meeting space, a fitness centre, an outdoor heated pool and a business centre. A short drive from New York City and near Ramapo College, the Hampton Inn & Suites Mahwah features 1,000 square feet of meeting space, an indoor pool, a fitness centre and a business centre.
Headquartered in Uniondale, N.Y., Blue Sky Hospitality provides development, management, asset management, renovation and consulting services. They either own or manage 51 branded (Hilton, Marriott, Choice, Wyndham and IHG) full-service, limited service and select service hotels in the United States of America with more than 3,000 employees.
THPT Comment: Blue Sky, started in just 2018 by Naveen Shah has done really well to be 50-strong in such a short time and these two acquisitions add well. Mr Shah is also the President of the Rajasthan Association of North America – RANA.
First Seen: Hotel Management
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