News

14 Jul2015

Hunter Hotel Advisors closes on Two Albuquerque Hotels

 

For immediate release:

Contact:  Martha Seabrook, Hunter Hotel Advisors

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

 

 

ATLANTA, July 14, 2015 - Hunter Hotel Advisors announced today that they represented a Los Angles based hospitality company in the sale of the TownPlace Suites Albuquerque and the Fairfield Inn & Suites Albuquerque Airport to a local hotel owner and development group.  The hotels have 235 rooms combined and sold for $14.2 million.

 

“The seller was opportunistic in their timing, recognizing that prices are at an all-time high while financing terms for this deal size remain competitive,” said Danny Givertz, senior vice president Hunter Hotel Advisors.   “This investment was particularly attractive as the buyer was able to acquire the property below replacement cost and plans to complete a significant renovation.  These properties are not only located in an upward trending market, but are also expected to gain substantial market share post renovation.”

 

The four-story Marriot branded assets are both located in close proximity to the Albuquerque airport and the city’s numerous corporate and leisure demand generators. 

  

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.   

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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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