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.