Statesboro's premier full-service hotel, Holiday Inn sold on Monday to LRP Hotels based out of Greensboro, N.C.
LRP Hotels is a hotel management and development company owned by Roger Patel. Patel has more than 23 years of experience in the hotel industry, including a decade in the Savannah market, where he previously owned and operated hotels.
LRP Hotels will continue to operate the hotel under the Holiday Inn banner and does not plan to make many changes in the hotel's successful operations or staff. The hotel's general manager, Jack Forstrom, will continue to manage the hotel.
"Similar with all of our past acquisitions, the intent is to retain all current facets of operations with only minor changes," said Murod Marupov, chief operating officer for LRP Hotels. "The same approach applies to staff. Germane to renovations, the rooms, all the common areas, and the restaurant will be revamped in entirety to give them a fresh, new and contemporary look. Much of the design concept that will be implemented is the new H4 design, which stands for Happiness-Hospitality-Home-Holiday Inn."
Holiday Inn corporately rolled out its new H4 design earlier this year, which was developed in collaboration with Holiday Inn hotel owners and frequent guests to meet the changing needs of modern leisure and business travelers. The renovations are planned to begin September 2018 with a price tag exceeding $1.5 million.
According to a recent market study, the Statesboro hotel market is strong and there is enough growth to sustain the new Home2 Suites being constructed at Brampton Avenue and the Bypass. In fact, the Statesboro hospitality industry recently completed its best year ever.
LRP Hotels is in a growth mode and is looking forward to entering the Statesboro market.
"We have always had a diverse portfolio in sense of multitude of brands and locations," said Love Patel, VP of operations, LRP Hotels. "Expanding to Southeast Georgia is intrinsically a continuance of that pattern. Statesboro is a strong and growing market where there are opportunities."
Holiday Inn Statesboro opened in 2008 and has been operated by Southeastern Hospitality Services, which is led by Doug Lambert. The ownership structure of the hotel includes a group of local investors. This type of ownership structure is the way Lambert built his highly successful hospitality company.
"The Statesboro Holiday Inn has been the premier full service hotel in Statesboro since we opened it in 2008," Lambert said. "We are excited about Roger Patel's ownership and commitment to invest heavily in renovating the hotel and operating it as the signature hotel it has become. With the projected growth of the Statesboro market, I predict the hotel industry will be very strong here for years to come."
Southeastern Hospitality Services began in 1995 with the construction of the Fairfield Inn on the bypass in Statesboro. The hotel now operates as the Eagles Nest Inn under different ownership.
Since launching the company in 1995, Lambert's company has developed and operated nearly 10 hotels in the Statesboro and Savannah market. The Statesboro Holiday Inn was the second hotel they built and operated here. Lambert's other hotels have been constructed near the Savannah-Hilton Head Airport.
In fact, Lambert's company constructed the first hotel at the "new" Savannah Airport which was also a Fairfield Inn. Since opening that hotel, Southeastern Hospitality Services built and managed the Hilton Garden Inn, Holiday Inn Express, Wingate, Hampton Inn and Suites with different investor groups put together by Lambert. They also opened and manage Candlewood Suites for another owner. In addition, they manage the Hampton Inn on St. Simons Island.
Currently, Southeast Hospitality Services has a Woodbridge Suites extended stay hotel under construction in Pooler with plans to open Oct. 24. They are also building a Tru hotel by Hilton at the Savannah-Hilton Head Airport with a projected opening late 2018.
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