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News
26Jul2018
Hunter Hotel Advisors Announces Sale of Springhill Suites Fairfax, VA.
For immediate release Contact: Sarah Crumbley, Hunter Hotel Advisors Sarah.crumbley@hunterhotels.net or 770-916-0300
ATLANTA, July 25, 2018 – Hunter Hotel Advisors announced today that they represented an institutional seller in the sale of the 140 room SpringHill Suites Fairfax, Virginia to MCR. The institutional quality, premium branded select-service hotel is ideally located in Northern Virginia less than 3 miles from George Mason University, Fair Oaks Mall, Eagle Bank Arena and is a short Metro or car ride to the many attractions around Washington D.C.
"Fairfax County is the economic powerhouse of North Virginia with an estimated economy of $120 billion. With a minimal PIP required, MCR will be able to inject immediate yield into their investment portfolio while also benefiting from continued economic expansion in the region. It was a pleasure to work with both the buyer and seller on this transaction as we were able to create a competitive process and deliver a straightforward closing. Hunter is currently selling another property in the area and the feedback has been outstanding." – David Perrin, Vice President, Hunter Hotel Advisors
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About Hunter Hotel Advisors
Hunter Hotel Advisors is the nation’s leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory, and capital markets services of any size or complexity. With 40 years of experience in both full and select-service single assets and portfolios, the firm’s capacity in valuation, economic analysis, and industry relationships have allowed Hunter to consistently maximize value regardless of market conditions. For additional information, visit www.hunterhotels.net or contact the Atlanta headquarters at 770-916-0300.