Lodging Capital Hires HHM for Sheraton Novi

NOVI, MI—Lodging Capital Partners LLC, based in Chicago, has hired Philadelphia-based HHM to manage the Sheraton Detroit Novi hotel.

The 238-key hotel has 16 meeting rooms and a 9,000-sq.-ft. ballroom that holds 1,000 people. Lodging Capital and HHM plan to renovate all guestrooms and public spaces in the next several months. The hotel is located just north of Eight Mile Road along Interstate 275, in a strong commercial part of Novi, a northern suburb of Detroit.

"This property is ideal for our expansion into the Midwest,” said Michael Murray, COO of HHM. “We now have greater opportunity to capitalize on our proprietary revenue management platform and utilize the strength of our national sales team.”

HHM was formerly known as Hersha Hospitality Management. The company operates 115 hotels across the United States.

Please or Register to post comments.

Latest poll

Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

Newsletter Signup

NREI Daily Regional Newsletters

Connect With Us
National Real Estate Investor Related Sites