ATLANTA, August 10, 2018 – Hunter Hotel Advisors announced today that they represented an institutional seller in the sale of the Hampton Inn - Provo, Utah and the Holiday Inn Express in Sandy, Utah. These properties were acquired by a regional ownership group.
The Salt Lake City MSA is the largest statistical area in Utah and Provo-Orem MSA rounds out the top 3 largest markets in the State. Sellers capitalized on strong performance metrics for the two properties, whilst Buyer's large, regional portfolio and decades of experience in the specific markets will offer substantial opportunity for future operational growth and expense management. A multitude of quality investor groups remain active in the Utah hospitality acquisitions market and demand for investment-grade opportunities such as these presented a strong pool of experienced hoteliers and lodging companies during the process.
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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.
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