CHATTANOOGA, Tennessee—Imaginative and prescient Hospitality Group introduced that the corporate expects to develop in 2025, with plans to open 5 new motels, break floor on 4 motels, and full renovations on 4 others. Moreover, the corporate introduced that it has begun searching for strategic partnerships with different lodge possession teams.
“2024 was notably energetic for Imaginative and prescient, with sturdy strategic progress throughout our possession and improvement divisions,” stated Mitch I. Patel, founder and CEO, Imaginative and prescient Hospitality Group. “Highlights for the 12 months included opening three newly constructed motels totaling 435 rooms, in addition to finishing roughly $15.3 million in renovations throughout 4 of our Marriott-branded motels. We additionally reimagined and re-introduced the Inn at Celebration to the Autograph Assortment Lodge Portfolio. Internally, we continued to enhance our know-how platform and operational efficiencies, however most significantly, we doubled down on investing and creating progress alternatives for our folks. Our purpose is to not solely entice nice expertise, however to proceed offering an upward trajectory for our present associates.”
Openings from 2024 embody:
- 189-room Moxy Boulder in Boulder, Colorado
- 101-suite Home2 Suites by Hilton Chattanooga East Ridge in East Ridge, Tennessee
- 145-suite Factor Atlanta Perimeter Middle in Dunwoody, Georgia
- 115-room The Inn at Celebration, Autograph Assortment in Celebration, Florida
“Our momentum has continued as we method the shut of the primary quarter of 2025,” Patel stated. “We’re on monitor to announce the groundbreaking on a dual-branded Hilton household product within the coming weeks, in addition to one other dual-branded Hilton household lodge, a stand-alone Marriott-branded lodge, and a stand-alone Hilton-branded lodge within the second half of the 12 months. Moreover, we plan to announce 5 grand openings totaling 713 rooms throughout Tennessee, Georgia, and North Carolina all through the summer season and fall and look to finish practically $8 million in renovations throughout 4 of our Hampton Inns and considered one of our Fairfield Inn & Suites. We look ahead to having fun with a really energetic 12 months. By the top of Q1, we can have renovated 21 % of our portfolio over the previous 18 months, and by 12 months’s finish, 37 % of our portfolio will probably be both newly opened or lately renovated.”
“For the primary time in our historical past, we’re making a concerted effort to develop our strategic partnerships,” Patel added. “We’re very selective in our course of, solely partnering with well-respected teams that share our objectives, tradition, and values. Having a profitable historical past working our personal portfolio has allowed us to turn out to be one of many largest inside operators within the business, and we glance to share our greatest practices, economies of scale, and proprietary administration and advertising and marketing programs with like-minded house owners and companions.”