Hampton Inn & Suites Has New Owners
SARATOGA SPRINGS – The Hampton Inn & Suites in downtown Saratoga Springs has been sold to the DelMonte Hotel Group of Rochester.
Mike Hoffmann, owner of Turf Hotels, a regional hotel management company based in Latham, and Frank Parillo, local real estate developer, closed the deal with DelMonte Hotel Group in December 2021; the deed was made public this month.
Hoffmann and Parillo sold both the Hampton Inn at 25 Lake Avenue and the adjacent parking garage for an all-inclusive $28.25 million. The real estate portion alone was priced at $17.25 million. The six-story hotel features 123 guest rooms and amenities including a swimming pool, fitness center, gift shop, business center, and guest laundry.
The hotel first opened in 2008 and has a prime location within walking distance of Broadway and less than two miles from the Saratoga Racetrack, Saratoga Casino & Raceway, and SPAC.
DelMonte Hotel Group is a premier hotel management company that owns and operates across a multi-brand platform from in New York, Ohio, and Pennsylvania.
DelMonte Hotel Group adds the Hampton Inn in Saratoga to its growing portfolio in the Capital Region that includes the following properties: Courtyard by Marriott Albany Thruway at 1455 Washington Ave., Albany; Fairfield Inn & Suite by Marriott Albany Airport at 168 Wolf Rd., Albany; Courtyard/Residence in Albany Airport at 277 Wolf Rd, Albany; and Courtyard by Marriott Albany Troy/Waterfront at 515 River St, Troy.
Saratoga TODAY reached out to Turf Hotels for a comment but received no response.