Berkadia facilitated the sale of the Homewood Suites Saratoga Springs, a premium hotel, to Maine Course Hospitality Group, reflecting a strategic investment in a recovering tourism market.

Information on the Target

The Homewood Suites Saratoga Springs, a premium extended-stay hotel with 113 keys, is situated at 3368 S Broadway in Saratoga Springs, New York. This establishment, which opened in 2017, is the newest hotel in the region and benefits from its association with the renowned Hilton brand, solidifying its position as a leading lodging choice in a highly competitive market. The hotel's exceptional location not only offers easy access to local attractions such as the Saratoga Racetrack & Casino, Skidmore College, and the Saratoga Performing Arts Center (SPAC), but also places it adjacent to the recently opened Tree House Brewing taproom, enhancing its appeal to both leisure and business travelers.

Among the various amenities, the Homewood Suites provides a fitness center, business center, indoor pool, and sport court, all designed to cater to the needs of guests seeking a comfortable and convenient stay. The combination of a prime location, quality branding, and robust facility offerings has positioned the hotel as a top choice for visitors to one of New York State’s most cherished leisure destinations.

Industry Overview in the Target’s Specific Country

The hospitality industry in New York State, particularly in tourist-centric locations such as Saratoga Springs, has demonstrated resilience and adaptability in recent years. Notably, the region has witnessed a surge in domestic tourism, with an increasing number of visitors at