Lexington Hotel Group Acquires the Homewood Suites in Lexington, Kentucky
September 28, 2021 – Lexington Hotel Group entered the Lexington, Kentucky market last week with the acquisition of the Homewood Suites by Hilton located at the Fayette Mall.
“The acquisition of the Homewood Suites presented a unique opportunity to expand into the Lexington market with a high performing extended-stay hotel,” founder and CEO Todd Smith said. “The hotel is located in close proximity to a diverse set of demand generators, including the University of Kentucky, downtown Lexington, the Fayette Mall, Keeneland, and the Bourbon Trail, making it a very appealing market.”
The Homewood Suites marks the first acquisition of the company’s recently raised equity fund. Through the fund, Lexington Hotel Group is looking to acquire a few more Marriott, Hilton, Hyatt and IHG limited and select-service hotels. “We have taken a disciplined approach towards evaluating potential acquisitions and are continuing to pursue attractive opportunities” Smith said.
About Lexington Hotel Group
Lexington Hotel Group, founded in 1994, is a hotel owner-operator focused on developing, acquiring, and operating Marriott, Hilton, Hyatt, and IHG limited and select-service hotels in select markets. Lexington Hotel Group and its properties have been recognized with numerous national and regional awards.