News

15 May2015

Hunter Advises on Portfolio Sale to Blackstone

For Immediate Release

Contact:  Martha Seabrook, Martha.Seabrook@HunterHotels.net

404-725-5854

 

ATLANTA, May 15, 2015 - Hunter Hotel Advisors announced today that they represented CSM Corporation, a national development company, in the sale of a 6-hotel portfolio to Blackstone.    The portfolio of premium, select-service hotels are nationally branded with either Marriott or Hilton flags and represent over 751 keys.  Terms of the transaction were not disclosed.

 

“This was a unique opportunity to acquire a portfolio of institutional grade assets with a heavy Pacific Northwest concentration and strong portfolio RevPAR,” said Teague Hunter, president of Hunter Hotel Advisors.  “In addition to the portfolio’s excellent in-place cash flow, all of the properties are positioned in rapidly expanding markets.”

 

The six hotels comprising the sale are as follows: (1) the Courtyard by Marriott - Minneapolis/St. Paul-Roseville, (2) the Residence Inn by Marriott - Minneapolis/St. Paul Roseville, the (3) the Courtyard by Marriott - Portland Southeast, (4) the Hilton Garden Inn - Portland/Beaverton, (5) the Residence Inn by Marriott - Phoenix-Mesa, and (6) the Residence Inn by Marriott - Portland North/Vancouver. 

 

Hunter's national brokerage offices specialize in full and select-service hotels including portfolios and individual assets for clients ranging from REITs and investment banks to regional hotel owners.  Visit www.HunterHotels.net for additional information, or contact the Atlanta headquarters at 770-916-0300.

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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 over 35 years of experience in both full and select-service single assets and portfolios, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed Hunter to consistently maximize value regardless of market conditions.    

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