Siegel Group buys former HomeTowne Studios property

George Sell George Sell Uploaded 10 November 2020

LinkedIn

US: The Siegel Group, a real estate investment and management company, has acquired the former HomeTowne Studios Baton Rouge extended-stay hotel.

The Siegel Group will operate the property under its Siegel Select brand, which provides the option of either short-term daily stays or longer-term extended-stay accommodations with the ability to add amenities such as housekeeping and linen service.

The off-market acquisition increases the number of Siegel Suites and Siegel Select properties throughout the US to 59, and marks the brand’s fourth location in the Louisiana market. These locations are in addition to the company’s presence throughout Nevada, Arizona, Texas, New Mexico, Tennessee, Mississippi, Alabama, South Carolina and Ohio.

The property, which will be renamed Siegel Select Baton Rouge was built in 1998. The three-story building comprises 130 units, all containing full kitchenettes. The Siegel Group will be making a number of improvements which include adding new furniture and appliance packages to all rooms. Additionally, the exterior of the property will be painted along with other cosmetic upgrades including branding and signage that are characteristic of the brand.

Stephen Siegel, president, The Siegel Group, said: “In 2018 we introduced both our Siegel Suites and Siegel Select brands to the cities of Shreveport, Bossier City and Alexandria. I am excited that we have brought our Siegel Select brand to Baton Rouge and look forward to continuing to expand throughout Louisiana.”

 

LinkedIn

Be in the know.

Subscribe to our newsletter »
Subscribe

Thank you sponsors