DEAL OVERVIEW
Hunter Hotel Advisors is pleased to offer, on an exclusive basis, the opportunity to acquire the Extended Stay America Portfolio, a collection of 7 extended stay hotel properties that provide 737 keys and are located in California, Virginia, Washington, D.C. Metro, and North Carolina. Spanning across markets with numerous demand drivers, the portfolio presents a unique opportunity to establish a well-diversified presence in the high demand extended stay hotel market. With a strong mix of corporate and leisure demand, the portfolio’s performance has proven its resiliency during any economic climate. The properties are institutionally owned and managed, providing an excellent opportunity for regional operators to drive additional value through a revamped management strategy.
The extended stay segment has proven to be an attractive sector due to its lean operating model, high yield, and consistent profitability driven by a diverse customer base and increased average length of stay.