A year after facing some of the lowest occupancy rates in the industry’s history in the early days of the pandemic, some local hotel operators are adding to their portfolios.
A new Towneplace Suites hotel is being planned for 7007 W. Broad St. in Henrico, on a plot of vacant land facing Glenside Drive and the Interstate 64 interchange.
Hasmukh Patel, who operates the adjacent, 114-room Best Western Executive Hotel through Sky Hotels Group LLC, is behind the project. Patel declined to offer further comment when reached last week.
Plans filed with the county last week show the Towneplace Suites building would rise five stories and house 87 rooms. Petersburg-based The Site Design Company is listed as the project’s engineer.
Sky Hotels Group has owned the 3.5-acre parcel that houses the Best Western and the future Towneplace hotel since 2011 when it bought it for $5 million. The land is zoned M-1 Light Industrial District.
The Towneplace Suites would be at least the fourth hotel along West Broad for Patel. Henrico records show that in addition to the Best Western, Patel also owns the Econo Lodge and the Country Inn & Suites by Radisson at 7300 and 8010 W. Broad St., respectively.
While it’s unclear when Patel looks to begin work on the new hotel, local competitor Shamin Hotels is already at work on a new 120-room Home2 Suites nearby at 2925 Emerywood Parkway.
Planning for that hotel began in 2018, and Shamin CEO Neil Amin said they are preparing to go vertical on the pad site, which sits next door to Shamin’s Embassy Suites by Hilton.
Shamin’s also been busy in Hampton Roads in 2021. Newport News property records show that earlier this month the company closed on a 120-room Hampton Inn & Suites at 12251 Jefferson Ave.
Shamin also recently completed renovations on its The Landing at Hampton Marina in downtown Hampton. That property carries the Tapestry Collection by Hilton flag.