Five Star Hospitality and Development Group, based out of Dalton announces the acquisition of the Hampton Inn in Dalton, 1000 Market St. This sale brings the company’s hotel holdings to a total of 15 across North Georgia and Tennessee.
“This transaction marks the 27th anniversary of Five Star Hospitality and Development Group, and we are delighted to welcome the entire Hampton Inn Dalton team to our family,” said Naren Patel, founder and chairman of Five Star Hospitality and Development Group. Mr. Patel has had a longstanding relationship with Curt Howe, one of the previous owners of the hotel, and the company looks forward to continuing the legacy for years to come.
For 27 years, Five Star Hospitality and Development Group has acquired, repositioned and developed many hotels in North Georgia and Tennessee. Currently based in Dalton, the company’s first acquisition was the Georgia Inn in Ringgold in 1990. Since then, the organization has expanded to include hotels, restaurants, and retail developments. The Five Star team is composed of more than 250 employees.
“Other projects in the pipeline include a Holiday Inn Express and Home2 Suites in Dalton, along with a Tru by Hilton and a Fairfield Inn and Suites by Marriott in the Southeast region,” said Anish Govan, CEO of Five Star Hospitality and Development Group. “We are also expanding our footprint through joint ventures and investments in luxury brands.”
The company attributes its success to its unwavering mission of delivering and developing high quality assets, associates and exceptional guest satisfaction while attaining the highest possible return on investment. “We create a culture of family at Five Star, which enables our associates to grow with the Five Star family and give back to the community,” said Mr. Patel.