News

16 Jun2022

Hunter Hotel Advisors Arranges Sale of Element Hotel Palmdale

Hunter Hotel Advisors (“HUNTER”) is pleased to announce the sale of the Element Hotel Palmdale in Palmdale, California. Samchully America Corporation purchased the property from developer Benchmark Development on June 7, 2022. Danny Givertz and Brian Embree of HUNTER’s Los Angeles office represented both the seller and buyer.

“Hunter ran a quality, confidential process. We appreciated the constant communication, their hands-on approach to overcoming the traditional challenges associated with hotel transactions, and coordinating an on-time closing,” said Billy Brown of Benchmark Development.

“This was our first transaction with Hunter,” said buyer Joanna Lee, Director of Samchully America Corporation. “We appreciated the knowledge of the market and their efforts during the transaction. A pleasure to work with the LA team, and we look forward to our next opportunity.”

The Element Hotel Palmdale opened in November 2017, just one hour outside Los Angeles. The four-story property provides 123 guestrooms to Palmdale's densely developed commercial and residential corridor. The Element offers consumers modern amenities and aesthetics with all the benefits of an extended-stay lodging facility. Guests can stay in the land of the stars at the Element Hotel, given Palmdale's rich history as the set of numerous Hollywood films, as well as enjoy the property’s proximity to the Palmdale Airport, home to Boeing, Northrup Grumman, and Lockheed Martin facilities.

The Element Hotel Palmdale is an “excellent property in a hidden gem of a market in LA County,” said Brian Embree of HUNTER’s Los Angeles office. “It was a joy to work with such organized and experienced groups in the Buyers and Sellers. We were pleased with the process and overall outcome. The Palmdale/Lancaster market continues to perform at a stellar rate, showing the positive effects of the growing aerospace industry in the region.”

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