Hotel Investment Group to Develop Home2 Suites by Hilton in San Marcos
San Diego-based Hotel Investment Group (HIG) announced today the completed purchase of property in San Marcos, where it intends to develop a 110-room Home2 Suites by Hilton.
Construction is slated to begin in summer 2022 at the 1.66-acre property - located an empty lot at the corner of Montiel Road and Leora Lane - and is estimated to be complete by late 2023.
"The hospitality industry is finally starting to rebound from the challenges of the last two years, putting us in a prime position to continue expanding HIG's portfolio," said HIG CEO Darshan Patel, Esq. "Bringing a Home2 Suites to San Marcos will provide a much-needed extended-stay hotel option for the medical community at Palomar Hospital and for customers visiting the area's premier golf courses and nearby LEGOLAND® California."
Ideal for extended stays, Home2 Suites by Hilton are known for being pet-friendly, offering large guest rooms with full in-suite kitchens and impressive amenities such as pools, hot tubs, outdoor BBQ areas, fitness centers and laundry facilities.
HIG owns and operates 18 hotel and apartment communities throughout California. Additional San Diego properties include boutique hotels such as Hotel Iris in Mission Valley, as well as franchise entities like the Holiday Inn Express & Suites in Mission Valley.
For more information, visit www.hotelinvestmentgroup.com.
About Hotel Investment Group
Founded in 1991 by Bhavesh "Bobby" Patel, San Diego-based Hotel Investment Group (HIG) is a dynamic real estate company specializing in development, adaptive re-use, investment and management. Now lead by CEO Darshan Patel, Esq., the company's portfolio consists of franchise and boutique hotels, multifamily, and medical office properties throughout California. All multifamily residential development and management is done under the auspices of DPA Capital, a subsidiary of HIG, with a focus on providing housing for the underserved middle-income resident. With vision, dedication and passion, Hotel Investment Group has positioned itself to be at the forefront of California's real estate development industry. For more information, visit www.hotelinvestmentgroup.com.
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