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Affinity Hospitality Announced Home2 Suites By Hilton® Wasilla Alaska Expected Completion Fall 2026

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Affinity Hospitality Announced Home2 Suites By Hilton® Wasilla Alaska Expected Completion Fall 2026
Business

Business

Affinity Hospitality Announced Home2 Suites By Hilton® Wasilla Alaska Expected Completion Fall 2026

2025-11-20 04:54 Last Updated At:14:51

WASILLA, Alaska--(BUSINESS WIRE)--Nov 19, 2025--

Affinity Hospitality announced the highly anticipated property, Home2 Suites By Hilton Wasilla, AK is slated to open Fall 2026. Following an official groundbreaking this past June, the property will feature spacious and flexible suites with full kitchens and 55-inch Smart TVs, multifunctional social spaces, inviting outdoor patios and indoor pool and hot tub, an innovative lobby space and retail market as well as the brand’s latest contemporary room design. Located at Sun Mountain Center, the hotel will provide business and leisure travelers the flexibility and choices to optimize and elevate their travel experience.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251107194323/en/

Funded by its financing partners Northrim Bank and Nuveen Green Capital (NGC), this also marks the first new construction project financed through Commercial Property Assessed Clean Energy and Resilience (C-PACER) in the Matanuska-Susitna Borough. Designed for both short-term and extended stay travel occasions, Home2 Suites By Hilton, a four-story all-suites hotel, will feature 107 suites and will open at 2242 E. Tysons Trail in Sun Mountain Center, Wasilla, Alaska.

“Wasilla is a vibrant and dynamic market, and with the hotel’s prime location near local business and attractions in the Sun Mountain Mixed-Use District, Home2 Suites is ideally positioned to welcome leisure guests, business travelers and local residents. We are excited to be under construction and look forward to introducing Home2 Suites’ innovative approach to travelers and the MatSu Valley community,” said Ric Marko, Principal, Affinity Hospitality. “We are proud to continue our collaboration with Hilton, Horne Management Group, A&C Investment Group and H5 Construction to deliver a modern, midscale extended-stay hotel that meets the needs of today’s business and leisure travelers. With its strategic location, Home2 Suites Wasilla is poised to serve as a hub for travelers exploring Southcentral Alaska.”

As Affinity’s second Home2 Suites hotel in Alaska and second hotel in Wasilla, this project reflects the company’s history of creating and enhancing value in hotels for our investment partners through sound strategy and efficient management. Home2 Suites Wasilla features modern extended-stay accommodations and home-like amenities, including spacious suites with fully equipped kitchens, complimentary hot breakfast and flexible indoor and comfortable outdoor spaces with firepits and BBQs. The hotel features an indoor pool and hot tub, fitness center, guest laundry and 936 square feet of meeting space to accommodate functions of up to 47 people. Guests will have easy access to local businesses and attractions, making the hotel attractive to both visitors and the MatSu community.

“We are very excited to welcome the Home2 Suites to Wasilla, the fastest growing city in the State of Alaska, adding to the number of jobs and opportunities to our economy,” said Glenda Ledford, Mayor, City of Wasilla.

C-PACER, which is administered by the Matanuska-Susitna Borough, provides flexible financing solutions for new, ongoing, or recently completed commercial real estate projects. Available in 40 states and Washington D.C., C-PACER has grown in popularity in the commercial real estate market as an attractive financing mechanism, particularly in a liquidity-constrained lending environment.

NGC partnered with Northrim Bank on the project’s $30 million financing package to facilitate the use of the C-PACER program. $11 million in C-PACER financing will be utilized to fund the hotel’s energy efficiency, water conservation, and seismic resilience measures, which are crucial, due to the frequency of earthquakes in Alaska – known to be the most seismically active state in the U.S. The hotel’s C-PACER-funded energy efficiency measures will enable it to operate with a reduced carbon footprint and lower operating costs.

"We are proud to partner with Northrim Bank and Affinity Hospitality once again to provide an accretive financing package for this new Home2 Suites by Hilton—the first new construction C-PACE project in the Matanuska-Susitna Borough. As C-PACE gains momentum across the U.S. as a cost-effective financing solution for commercial projects at every stage of construction, it is exciting to see its positive impact on Alaska's commercial real estate industry," said Aidan McLaughlin, Director of Originations for NGC.

About Affinity Hospitality

Affinity Hospitality is a hotel development, consulting and asset management firm providing a full range of acquisition and disposition expertise for its investors, as well as customized strategies proven to enhance hotel value and optimize investor returns by utilizing a unique blend of experience, resources, and relationships. Drawing on decades of experience designing, developing, constructing and operating hotels, Affinity’s objective is to consistently provide the highest possible stakeholder returns by implementing productive, sustainable business strategies. Affinity’s efforts have been supported by many team members, including its counsel, Sandman Savrann PLLC, a national hotel industry law firm.

For more information, visit www.affinityhospitality.com

About Nuveen Green Capital

With over $4 billion originated, Nuveen Green Capital is a national leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, the $1 trillion+ 1 asset manager and wholly owned subsidiary of TIAA. The company, which was founded by C-PACE industry pioneers who helped design the nation's first successful statewide C-PACE program 2, has grown to offer a market-leading suite of accretive CRE financing products and a full-service lending platform with all underwriting, legal, and asset management functions executed in-house.

For more information, visit www.nuveen.com/greencapital.

About Northrim Bank

Northrim Bank is an Alaska-based community bank with 20 branches in Anchorage, Eagle River, Fairbanks, Homer, Juneau, Ketchikan, Kodiak, Nome, Sitka, Soldotna, and Wasilla, serving approximately 90% of Alaska’s population; and differentiates itself with its detailed knowledge of Alaska’s economy and its “Superior Customer First Service” philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage, LLC, a regional home mortgage company. For more information, visit www.northrim.com.

About Anchorage C-PACER

The Matanuska Borough launched C-PACER (Commercial Property Assessed Clean Energy & Resilience) in April 2021 and relaunched in 2023 after State Statutes were amended to expand the program’s eligibility scope. C-PACER allows commercial and industrial property owners to implement clean energy & resilience measures to their property and pay back the loan through a voluntary special assessment. For more information, visit www.cpacer.muni.org or contact CPACER@anchorageak.gov.

About Home2 Suites by Hilton

Home2 Suites by Hilton, one of the fastest growing brands in Hilton’s history, is a mid-tier, all-suite, award-winning extended-stay hotel concept designed to offer stylish accommodations with flexible guest room configurations and home-like amenities for value-conscious guests and their pets. With a commitment to environmentally friendly products and hotel operations, Home2 Suites by Hilton offers complimentary hot breakfast, innovative and customizable guestroom designs, laundry and fitness areas, multiple outdoor spaces, expansive community spaces and pet-friendly environments. Home2 Suites by Hilton has more than 800 open hotels with nearly 760 in development. Experience a positive stay at Home2 Suites by Hilton by booking at home2suites.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Home2 Suites by Hilton at stories.hilton.com/home2suites, and follow the brand on Facebook and Instagram.

¹ Total assets under management (AUM) as of 1/1/2025
² The United States Department of Energy: 2016 C-PACE Report lists the Connecticut C-PACE program as the first statewide C-PACE program in the U.S.

Home2 Suites Sun Mountain Center Wasilla Alaska set to Open Fall 2026

Home2 Suites Sun Mountain Center Wasilla Alaska set to Open Fall 2026

WASHINGTON (AP) — President Donald Trump was set to address the nation Wednesday night and offer an update on the war in Iran, his first prime-time speech since launching strikes alongside Israel more than a month ago.

The speech will offer Trump a wide audience to articulate clear objectives for the war that could attempt to reconcile weeks of changing goals and often contradictory messages about whether he’s winding down or ready to escalate military operations — even as Iran kept up its attacks on Israel and Persian Gulf neighbors and airstrikes pounded Tehran.

It comes amid rising oil prices, volatile financial markets and polling showing many Americans feel the U.S. military has gone too far in Iran — even as more American troops move into the region for a possible ground offensive. Trump opted not to deliver such an address closer to when the U.S. and Israel first launched attacks, and questions now remain about whether it is now too late for what he says to break through.

A White House official, who was not authorized to speak publicly ahead of the address and spoke on condition of anonymity, said the president will talk about U.S. progress on achieving his goals in Iran and will reiterate his estimated timeline for concluding operations within two to three weeks.

The president, in comments during a Easter lunch on Wednesday afternoon, said of Iran: “We could just take their oil. But you know, I’m not sure that the people in our country have the patience to do that, which is unfortunate.”

“Yeah, they want to see it end. If we stayed there, I prefer just to take the oil,” Trump said. “We could do it so easily. I would prefer that. But people in the country sort of say: ‘Just win. You’re winning so big. Just win. Come home.’ And I’m OK with that, too, because we have a lot of oil between Venezuela and our oil.”

The media was not permitted to watch the president’s remarks at the lunch, but the White House uploaded video of the speech online before taking it down. The White House did not return requests for comment from The Associated Press on the video and why it was taken down.

In a social media post earlier Wednesday, Trump maintained a belligerent tone, demanding that Iran stop blocking the Strait of Hormuz — the waterway vital to global oil supplies — or the U.S. would bomb the Islamic Republic “back to the Stone Ages.” The president has also said the U.S. “will not have anything to do with” ensuring the security of ships passing through Hormuz, an apparent backtrack from a previous threat to attack Iran’s power grid if it didn’t open the strait by April 6.

In the same Easter lunch, the president reiterated some of his complaints about NATO allies for their reluctance to get involved in securing the Strait of Hormuz while suggesting that China, Japan and South Korea could also step up to reopen the waterway.

“Let South Korea, you know, we only have 45,000 soldiers in harm’s way over there, right next to a nuclear force -- let South Korea do it,” Trump said of efforts to reopen the strait. “Let Japan do it. They get 90% of their oil from the strait. Let China do it.”

In another morning social media post, Trump wrote that “Iran’s New Regime President” wanted a ceasefire. It wasn’t clear to whom the U.S. president was referring since Iran still has the same president. Iran’s Foreign Ministry spokesman, Esmail Baghaei, called Trump’s claim “false and baseless,” according to a report on Iranian state television.

Speaking earlier to Al Jazeera, Iranian Foreign Minister Abbas Araghchi signaled Tehran’s willingness to keep fighting. “You cannot speak to the people of Iran in the language of threats and deadlines,” he said. “We do not set any deadline for defending ourselves.”

Hours before Trump’s address, Iranian President Masoud Pezeshkian posted a lengthy letter in English on his X account appealing to U.S. citizens and stressing that his country had pursued negotiations before the U.S. withdrew from that path. “Exactly which of the American people’s interests are truly being served by this war?” he wrote.

Since the war began on Feb. 28, Trump has offered shifting objectives and repeatedly has said it could be over soon while also threatening to widen the conflict. Thousands of additional U.S. troops are currently heading to the Middle East, and speculation abounds about why.

Trump has also threatened to attack Iran’s Kharg Island oil export hub. And the U.S. could decide to send in military forces to secure Iran’s uranium stockpile — a complex and risky operation, fraught with radiation and chemical dangers, experts and former government officials say.

Adding to the confusion is what role Israel — which has been bombing Iran alongside the U.S. — might play in any of these scenarios.

Trump has been under growing pressure to end the war that has been pushing up the cost of gasoline, food and other goods. The price of Brent crude, the international standard, is up more than 40% since the start of the war.

The U.S. has presented Iran with a 15-point plan aimed at bringing about a ceasefire, including a demand for the strait to be reopened and for its nuclear program to be rolled back.

Iran insists its nuclear program is peaceful. And in a report last week by Iranian state TV's English-language broadcaster, an anonymous official was quoted as saying Iran had its own demands to end the fighting, including retaining sovereignty over the strait.

In the interview with Al Jazeera, Araghchi acknowledged receiving direct messages from U.S. Mideast envoy Steve Witkoff. He insisted, however, that there were no direct negotiations and said Iran has no faith that talks with the U.S. could yield any results, saying “the trust level is at zero.”

He warned against any U.S. attempt to launch a ground offensive, saying “we are waiting for them.”

In a deal ostensibly to give diplomacy a chance, U.S. officials have given “clear assurances” that Araghchi and Iran's Parliamentary Speaker Mohammad Bagher Qalibaf won't be targeted, according to three officials who spoke on condition of anonymity because they're not authorized to speak publicly about the matter.

Gambrell reported from Dubai, United Arab Emirates. Rising reported from Bangkok. Associated Press writers Giovanna Dell’Orto in Miami, Farnoush Amiri in New York and Samy Magdy in Cairo contributed to this report.

A rainbow forms over the White House on Wednesday, April 1, 2026, in Washington. (AP Photo/Alex Brandon)

A rainbow forms over the White House on Wednesday, April 1, 2026, in Washington. (AP Photo/Alex Brandon)

A young girl is comforted by her father and Israeli soldiers as they take cover in a bomb shelter during air raid sirens warning of incoming Iranian missile strikes in Bnei Brak, Israel, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)

A young girl is comforted by her father and Israeli soldiers as they take cover in a bomb shelter during air raid sirens warning of incoming Iranian missile strikes in Bnei Brak, Israel, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)

People inspect the site of an Israeli strike amid debris and damaged vehicles in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

People inspect the site of an Israeli strike amid debris and damaged vehicles in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

A man feeds stray cats in Tehran, Iran, Tuesday, March 31, 2026. (AP Photo/Vahid Salemi)

A man feeds stray cats in Tehran, Iran, Tuesday, March 31, 2026. (AP Photo/Vahid Salemi)

The Indian flagged LPG carrier Jag Vasant transporting liquefied petroleum gas, is seen at the Mumbai Port in Mumbai, India, after it arrived clearing the Strait of Hormuz, Wednesday, April 1, 2026. (AP Photo/Rafiq Maqbool)

The Indian flagged LPG carrier Jag Vasant transporting liquefied petroleum gas, is seen at the Mumbai Port in Mumbai, India, after it arrived clearing the Strait of Hormuz, Wednesday, April 1, 2026. (AP Photo/Rafiq Maqbool)

Firefighters and rescue workers work at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)

Firefighters and rescue workers work at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)

A firefighter extinguishes a car at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)

A firefighter extinguishes a car at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)

Israel's rescue teams and residents take shelter as sirens sounds next to a site struck by an Iranian missile in Bnei Brak, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)

Israel's rescue teams and residents take shelter as sirens sounds next to a site struck by an Iranian missile in Bnei Brak, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)

A police vehicle is seen through a shattered windshield at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

A police vehicle is seen through a shattered windshield at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

Two men ride scooters past charred debris at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

Two men ride scooters past charred debris at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)

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