News

14 Apr2022

Hunter Hotel Advisors Closes Sale of Atlanta Asset

Hunter Hotel Advisors (“HUNTER”) is excited to announce the sale of the Homewood Suites by Hilton Perimeter Center in Atlanta, Georgia. Mayank Patel, Senior Vice President of HUNTER, advised the seller on the transaction. The sale represents the latest in a string of deals Mayank has closed for RevPAR and Vision Hospitality Group, including the AC Hotel Durham Duke University, Element Atlanta Buckhead, SpringHill Suites Atlanta Downtown, and Tru by Hilton Atlanta Galleria Ballpark. 

 

“We have consistently trusted Mayank and HUNTER with our assets. Each time, they have acted professionally and swiftly to find the right buyer,” said Pete Patel, President and CEO of RevPAR. “We are extremely pleased with the conclusion of this transaction and look forward to working with HUNTER again.”

 

Built in 2015, the 114-room Homewood Suites provides direct access to some of the most significant corporate demand generators Atlanta has to offer. Cox Communications’ corporate headquarters is located directly across the street. UPS, Newell Rubbermaid, and Mercedes-Benz USA are also nearby. Additionally, this area is home to one of the largest medical communities in the southeast, housing three world-class hospitals: Northside, Emory Saint Joseph’s, and Children’s Healthcare of Atlanta.

 

We are excited about the fifth asset we have closed for RevPAR in recent months.  This disposition is accretive to the overall strategy both groups have as they continue to develop premium hotels utilizing their respective vertically integrated platforms,said Mayank Patel, Senior Vice President of HUNTER.

 

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