South Broadway’s Homewood Suites Purchased by DelMonte Hotel Group

SARATOGA — According to documents filed with the Saratoga County clerk’s office on September 27, the DelMonte Hotel Group out of Rochester has purchased the Homewood Suites by Hilton on South Broadway. The hotel, which includes over 100 rooms, is the firm’s second acquisition in the community in the past year. The property was purchased for $15.25 million.

Alex DelMonte, chief executive of the hotel group, acquired the hotel from Turf Hotels of Latham and Pioneer Cos. 

This acquisition follows the group’s previous purchase of the Hampton Inn & Suites hotel in downtown Saratoga Springs in December 2021. DelMonte bought that property from Turf Hotels and developer Frank Parillo for $28.25 million. That deal included the real estate, a two-story parking garage, the business, plus furniture and equipment. The DelMonte Group, whose portfolio includes hotels in three different states, has expanded its presence in th region over the past few years. The company now has six Marriott and Hilton properties in Albany, Troy and Saratoga Springs.