Atlanta, GA–April 20, 2015 – Atlanta-based Hotel Equities (www.hotelequities.com) recently announced its selection as the management firm for the Fairfield Inn & Suites by Marriott under development in West Monroe, Louisiana. The hotel will break ground in the summer of 2015.
Expected to open in the third quarter 2016, the hotel will be located near numerous corporate offices, as well as the University of Louisiana-Monroe and the Ike Hamilton Expo Center, the area’s number one tourist attraction and an important economic engine in the region.
“We are excited to continue our growth in Louisiana with this entrepreneurial ownership group that is one of the best at identifying the right opportunity with the right brand in markets that continuously outperform the industry norms,” said Joe Reardon, Vice President of Marketing and Business Development for Hotel Equities. “With eight hotels currently in operation or under construction in Louisiana, expanding our management portfolio with the addition of a Marriott-branded hotel in the northeast part of the state is a strategic next step. We like the trends we are seeing in Louisiana and will continue to seek opportunities to grow in this region.”
“Hotel Equities has been a wonderful partner in helping us identify the right markets with the right product,” said Nimesh Zaver. “We will continue to build a great partnership with them on future hotels throughout Louisiana.”
Jon Patel and Kevin Patel are long-time residents of Monroe, LA and Nimesh Zaver is a resident of Lake Charles, LA. Together this ownership group holds 26 hotels throughout Louisiana in its portfolio.
