Lodging Dynamics Hospitality Group is buying a hotel in Nebraska out of its first equity fund.
The hotel is a 102-room Staybridge Suites in Omaha, Neb. The company already operates a TownePlace Suites and West Omaha and is working on constructing a Hampton Inn in the same market.
Lodging Dynamics is a full-service hotel property management company headquartered in Provo, Utah.
The company made the acquisition through an affiliated equity fund called LD Hotel Group I LLC, which is in the process of raising $60 million to fund future acquisitions. The fund will acquire U.S. Mariott’s, Hyatt’s, Hilton’s and other branded properties.
Paramount Lodging Advisors is Lodging Dynamics on the deal.