Berkadia Negotiates Hotel Sale in Saratoga Springs, New York
Saratoga Springs, New York – November 19, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of the Homewood Suites Saratoga Springs, a 113-key hotel in Saratoga Springs, New York. Managing Director Denny Meikleham and Associate Director John Kluh of Berkadia Hotels & Hospitality led the transaction on behalf of the seller, a joint venture partnership between DelMonte Hotel Group and XSS Hotels. The buyer was Maine Course Hospitality Group and the deal closed on November 18.
Located at 3368 S Broadway, the hotel boasts an exceptional location directly off Broadway within one of New York State’s most popular leisure destinations, Saratoga Springs. The Homewood Suites offers access to the market’s top attractions, including the Saratoga Racetrack & Casino, Skidmore College, Saratoga Performance Arts Centers (SPAC), and the directly adjacent and recently opened Tree House Brewing taproom.
The Homewood Suites, a premium-branded, extended-stay asset built in 2017, is the newest hotel in the market and benefits from its affiliation with the prestigious Hilton brand. This competitive advantage, along with its prime location, has established the hotel as one of the market’s leading lodging options. Amenities include a fitness center, business center, indoor pool, sport court, and more.
Berkadia Hotels & Hospitality combines best-in-industry innovation, knowledge, and experience with the most comprehensive suite of products and services. Berkadia Hotels & Hospitality serves clients across the country, offering capital markets advisory, investment sales, underwriting and loan origination services as well as Life Company, and Proprietary Bridge Lending. As specialized partners, we empower clients to capitalize on the right opportunities at the greatest value.
Maine Course acquires Homewood Suites by Hilton Saratoga Springs | Newsbreak
Maine Course acquires Homewood Suites by Hilton Saratoga Springs | Hotel Business
Saratoga Springs hotel property sold for $17.8 million | Albany Business Review