Home2 Suites by Hilton, the mid-tier, extended-stay hotel chain targeting value-wise business and leisure travelers, today announced the groundbreaking of its first hotel, the 119-room Home2 Suites by Hilton Fayetteville, N.C.
The hotel is being developed by Alabama-based LBA Properties, a group of companies providing comprehensive hotel development and management services, on behalf of Apple Real Estate Investment Trust Companies (Apple REIT Companies). The hotel is expected to open in the 2010 fourth quarter.
‘Home2 Suites is a true complement to the current Hilton Worldwide portfolio,’ said Paul Brown, president of global brands and commercial services for Hilton Worldwide. ‘All of our focused service brands are category leaders and we are confident that this success will repeat itself with Home2.’
‘This is a great concept with strong consumer appeal,’ said Justin Knight, president of Apple REIT Companies. ‘Construction costs and the efficient design should make this an attractive product from an owner’s viewpoint. We own 89 other Hilton-branded hotels and know the power behind Hilton Worldwide and their HHonors rewards program.’