News

24 Jun2015

Hunter Hotel Advisors closes on $23 million sale of Downtown Fort Lauderdale Hotel

For immediate release:

Contact:  Martha Seabrook, Hunter Hotel Advisors

404-725-5854 or Martha.Seabrook@HunterHotels.net

 

ATLANTA, June 24,  2015 -  Hunter Hotel Advisors announced today that they represented a South Florida hotel group in the sale of the Hampton Inn Fort Lauderdale Downtown Las Olas Area to a large hospitality REIT for $23 million. The 156-room hotel has an irreplaceable location in the heart of downtown Ft. Lauderdale in the premier Las Olas district.    

“This was a great opportunity to access this high barrier to entry market,” said Teague Hunter, president of Hunter Hotel Advisors.  “The South Florida hotel market, and specifically Fort Lauderdale, has taken off over the past few years and is expected to remain  a top market to invest in.” 

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 by contacting the Atlanta headquarters at 770-916-0300.

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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