Sun Development & Management

What Sun Development & Management does

Sun Development & Management Corporation is a privately held, Indianapolis-based hotel owner, developer, and operator founded in 1989 by Bharat, Harshad, and Nayna Patel. The company develops, constructs, and operates a portfolio of 30+ branded hotels across 25+ U.S. states under franchise agreements with four major hospitality brand families — Hilton (Embassy Suites, Hilton Garden Inn, Homewood Suites, Hampton Inn, Home2 Suites, Tapestry Collection, Canopy, LivSmart), Marriott (Renaissance, SpringHill Suites, Residence Inn, Fairfield Inn, TownePlace Suites, Aloft), IHG (Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites), and Choice Hotels (Cambria Suites, Comfort Inn, Comfort Suites). Its core competency is the full development lifecycle — site selection, design, value engineering, construction management, franchising, and long-term asset ownership — rather than purely third-party management. The company is recognized by major franchisors, having received Hilton Developer of the Year (2009), Embassy Suites Developer of the Year (2008), and a Hilton Lifetime Achievement Development Award to its CEO in 2019.

Revenue is generated through owned-asset hotel operations, not management fees. The primary income stream is room revenue from overnight accommodations sold to business and leisure travelers; secondary streams include on-site food and beverage (restaurants, lounges, room service, catering) and meeting/event space rental at full-service properties. The company also generates economics through the hotel development and construction process itself, monetizing the value created in building and stabilizing new branded assets. Distribution is handled almost entirely through the franchise partners' global reservation systems, loyalty programs, GDS connectivity, and OTA placement — the company does not maintain an independent booking channel. Pricing is set property-by-property based on brand, location, room type, season, and demand; no centralized public pricing schedule exists.

The customer base is horizontal and highly fragmented: individual business and leisure travelers, meeting and event planners, and extended-stay guests distributed across dozens of properties and geographies. There is no disclosed public-facing digital demand-generation or social media presence; the company's marketing relies on earned media, industry trade coverage, and executive speaking presence at hospitality investment conferences. Growth has historically been funded through debt — a $60 million GE development line (2006) and a $74 million PMZ Realty Capital facility (2011) — alongside operating cash flow, with no institutional venture capital raised. The company maintains an active new-development pipeline that includes a 2027-opening dual-brand conference-center property in Greenfield, IN, multiple Cambria Suites projects, and new Hilton soft-brand and Canopy entries in Indianapolis and Oklahoma City.

Name

Sun Development & Management

Legal name

Sun Development & Management Corporation

Website

https://sun-companies.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

51–100 employees

Short description

Sun Development & Management Corporation is a privately held, Indianapolis-based hotel owner, developer, and operator founded in 1989. It owns and operates 30+ branded hotels across 25+ U.S. states under franchise agreements with Hilton, Marriott, IHG, and Choice Hotels, serving business and leisure travelers through property ownership and full-lifecycle development.

Ownership category

akta.pro rank

Product category

Hotel Development & Management

NAICS

Hotels (except Casino Hotels) and Motels (72111), Hotels (except Casino Hotels) and Motels (721110), Traveler Accommodation (7211), Management of Companies and Enterprises (55111)

SIC

Hotels & Motels (7011), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Business & Corporate Full-Service Hotels (THAGAAAE), Hospitality (Hotel) Property Management (BPAJAGAG), Budget Hotel Chains & Franchises (THAGABAM)

Keywords

• Hotel development
• Hotel management
• Hospitality services
• Franchise hotel operations
• Hotel construction

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Hotel Room Revenue: Revenue generated from room bookings across a portfolio of 30+ branded hotels operating under Hilton, Marriott, IHG, and Choice Hotels franchises. Room revenue is the primary income stream from overnight accommodations for business and leisure travelers.
2. Food & Beverage: On-site food and beverage operations including restaurants, lounges, room service, and catering for meetings and events at full-service hotel properties.
3. Meeting & Event Space Rental: Revenue from renting conference and banquet facilities at full-service hotel properties for corporate events, weddings, and meetings.
4. Hotel Development & Construction: The company develops and constructs new hotels, generating revenue through the development process and long-term asset ownership.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Sun Development & Management Corporation develops, owns, and operates a portfolio of more than 30 branded hotels under franchise agreements with Hilton, Marriott, IHG, and Choice Hotels across more than 15 U.S. states. The company delivers end-to-end hotel services covering site selection, architectural and interior design, value engineering, construction management, franchising, financial deal structuring, and ongoing property operations. Its portfolio spans upper-upscale to upper-midscale brands and includes full-service and select-service properties, with a continuing development pipeline of new Hilton Garden Inn, Home 2 Suites, Cambria Suites, Tapestry Collection, and Canopy projects.

Product overview

Sun Development & Management operates and develops hotels under franchise agreements with major hospitality brands. The company manages a portfolio of existing properties and develops new hotel projects. Brands include: Hilton brands (Embassy Suites, Hampton Inn, Homewood Suites, Hilton Garden Inn, Tapestry Collection, Canopy Hotel, LivSmart Studios, Home 2 Suites), Marriott brands (Renaissance, SpringHill Suites, Fairfield Inn, Residence Inn, Aloft, TownePlace Suites), IHG brands (Holiday Inn, Holiday Inn Express, Candlewood Suites, Staybridge Suites), and Choice Hotels brands (Cambria Suites, Comfort Inn, Ascend Hotel Collection). The company also has dual-brand properties combining Hampton Inn with Homewood Suites at various locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Current Hotel Portfolio Operating portfolio of more than 30 franchised hotel properties serving business and leisure travelers, extended-stay guests, and meeting and event planners across upper-upscale, upscale, and upper-midscale brands from Hilton (Embassy Suites, Hilton Garden Inn, Homewood Suites, Hampton Inn & Suites, Tapestry Collection, Canopy, LivSmart, Home2 Suites), Marriott (Renaissance, SpringHill Suites, Residence Inn, Fairfield Inn & Suites, TownePlace Suites, Aloft), IHG (Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites), and Choice Hotels (Cambria Suites, Comfort Inn, Comfort Suites). Properties include several with conference and meeting facilities and several dual-brand configurations.
• New Hotel Development Projects Pipeline of new hotel projects under development by Sun Development & Management, covering site acquisition, design, construction, franchising, and pre-opening operations for upcoming branded hotels across Hilton, Cambria, and Choice brand families.

Quantifiable outcome

• 33% revenue increase for same-property portfolio within three years under President Chris Mayer's leadership (2007-2010)
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered flagship and core.

• Hilton (Embassy Suites, Hilton Garden Inn, Homewood Suites, Hampton Inn & Suites, Tapestry Collection, Canopy, LivSmart)flagshipStrategic or Co-development PartnerSun Development operates as a franchisee and developer under Hilton brand families including Embassy Suites, Hilton Garden Inn, Homewood Suites, Hampton Inn & Suites, Tapestry Collection by Hilton, Canopy Hotel by Hilton, and LivSmart by Hilton. The company has received multiple Hilton Developer of the Year awards (2009 Developer of the Year, 2008 Embassy Suites Developer of the Year, 2007 Homewood Suites Best Conversion).
• Marriott (Renaissance, SpringHill Suites, Residence Inn, Fairfield Inn & Suites, TownePlace Suites, Aloft)flagshipStrategic or Co-development PartnerSun Development operates as a franchisee and developer under Marriott brand families including Renaissance, SpringHill Suites, Residence Inn, Fairfield Inn & Suites, TownePlace Suites, and Aloft. The company participates in Marriott's Diverse Ownership Initiative and has opened multiple Marriott-branded properties.
• IHG (Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites)coreStrategic or Co-development PartnerSun Development operates as a franchisee and developer under IHG brand families including Holiday Inn, Holiday Inn Express, Staybridge Suites, and Candlewood Suites. Multiple Sun properties have received IHG Quality Excellence Awards.
• Choice Hotels (Cambria Suites, Comfort Inn, Comfort Suites)coreStrategic or Co-development PartnerSun Development operates as a franchisee and developer under Choice Hotels brand families including Cambria Suites, Comfort Inn, and Comfort Suites. The company has received multiple Choice Hotels Gold Awards in the 1990s.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• LBA Hospitality: Hotel management and development company operating a multi-brand portfolio across Hilton, Marriott, IHG, and Choice flags, with similar franchise mix and owner/operator model to Sun Development.
• HP Hotels (Hospitality Properties / Harrison Park): Third-party hotel management company operating branded full-service, select-service, and resort hotels for institutional owners, comparable in scope and franchise mix to Sun's operations arm.
• Hospitality Ventures Management Group (HVMG): Hotel management and investment firm operating a multi-brand portfolio of full-service and select-service hotels under major flags including Hilton and Marriott — comparable franchise footprint and operating model.
• Sage Hospitality Group: Denver-based hotel owner, operator, and developer that manages and develops branded and independent hotels across the U.S., directly comparable to Sun's multi-brand franchise development and management model.
• New Castle Hotels & Resorts: Privately held hotel owner, developer, and operator with a portfolio of branded full-service and select-service hotels under Hilton, Marriott, IHG, and other flags — closely aligned with Sun's franchise-portfolio strategy.

Broad incumbents

• Aimbridge Hospitality: Largest third-party hotel management company in North America operating full-service, select-service, and resort hotels under virtually all major flags; broader and more diversified than Sun but operating the same franchise-driven model.
• Highgate Hotels: Major hotel operator and investor with multi-brand franchise and independent properties across full-service and luxury tiers, with similar franchise relationships and owner-operator economics.
• HEI Hotels & Resorts: Owner-operator of upper-upscale and luxury hotels under Marriott, Hilton, IHG, and independent flags; larger and more upscale-skewed but operating on the same franchise/owner-operator basis as Sun.

Emerging players

• Drury Hotels: Family-owned hotel owner and operator with a multi-state footprint of branded and own-branded select-service and extended-stay properties; comparable in family ownership, multi-state expansion, and select-service orientation.
• Lodging Dynamics: Multi-brand hotel owner-operator focused on select-service and extended-stay properties under Hilton, Marriott, and IHG — closely overlapping with Sun's select-service and extended-stay brands (Hampton, Homewood, Staybridge, Residence Inn).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sun Development & Management