DEAL OVERVIEW

 

Hunter Hotel Advisors is pleased to offer, on an exclusive basis, the opportunity to acquire nine corporate owned and managed Extended Stay America hotels located in Cincinnati and Findlay, Ohio; Monrovia and San Dimas, California; Covington and Louisville, Kentucky; and Richmond, Virginia. 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. 

 

Hotel Address City State Keys Year Built
Los Angeles - Monrovia 930 S 5th Ave Monrovia CA 122 1998
Los Angeles - San Dimas 601 W Bonita Ave San Dimas CA 104 1999
Cincinnati - Covington 650 W 3rd St Covington KY 104 1997
Louisville - Alliant Avenue 1650 Alliant Ave Louisville KY 100 1998
Louisville - Dutchman 6101 Dutchmans Ln Louisville KY 120 1996
Findlay - Tiffin Avenue 2355 Tiffin Ave Findlay OH 68 1999
Cincinnati - Springdale - I-275 320 Glensprings Dr Springdale OH 126 1996
Richmond - W. Broad Street - Glenside - North 6807 Paragon Pl Richmond VA 82 1999
Richmond - W. Broad Street - Glenside - South 6811 Paragon Pl Richmond VA 108 1997


In cooperation with Huff, Niehaus & Associates, Inc., 13121 Eastpoint Park Blvd, Suite B, Louisville, KY.