By Paul Post
In 1999, a Rochester-based company passed up an opportunity to build a hotel in Saratoga Springs, just when the Spa City was arguably becoming the hottest year-round resort destination in upstate New York.
But that company, DelMonte Hotel Group (DHG), never lost interest in the market, which it entered last year by acquiring the downtown Hampton Inn & Suites at 25 Lake Ave. Now the group has strengthened its local presence by purchasing the 113-room Homewood Suites by Hilton on South Broadway, in partnership with XSS Hotels of Hooksett, N.H.
Alex DelMonte, DHG president and chief executive officer, said plans call for a light renovation of the Homewood Suites, but a major overall of the Hampton Inn beginning next fall. “The scope of the renovation will touch all areas of the hotel allowing the Hampton to remain the premier downtown hotel for those traveling to Saratoga,” he said. “DHG is excited to be the owner and manager of the two premier properties in Saratoga.”
DHG now owns or co-owns six Capital District hotel properties, with three more in Albany and one in Troy, joining a portfolio that stretches to Pittsburgh and Cleveland as well.
“There’s a significant increase in the awareness of the rich history and cultural hotspots the Capital District has to offer,” said DelMonte. “This has driven demand for quality hotels that are in close proximity to these attractions for visitors.”