DEAL OVERVIEW

HUNTER HOTEL ADVISORS has been exclusively retained relating to the solicitation of offers to acquire the 96-room TownePlace Suites Gainesville Northwest located at 7451 W Newberry Rd, Gainesville, FL 32605 (the “Hotel”, “Asset” or “Property”). The Hotel benefits from proximity to multiple stable and growing healthcare, leisure, commercial, and group demand generators which include but are not limited to: i) HCA North Florida Hospital, a 510-bed, full-service medical and surgical acute care center; ii) Butler Plaza, the largest retail power center in Florida which offers 150 stores and over 2 million square feet of retail and restaurant space; iii) Celebration Pointe, North Central Florida’s premier destination to live, shop, work and play; iv) Alachua County Sports Complex, North Florida's premier sports and events destination; and v) the University of Florida and Ben Hill Griffin Stadium, aka “The Swamp”. 

This offering represents a unique opportunity to acquire a fully renovated, institutional quality, extended stay hotel with a strong location within a premier university market allowing a new owner the opportunity to immediately capitalize on post-renovation upside within a market with no anticipated new supply. 

INVESTMENT HIGHLIGHTS 

• Fully Renovated, Institutional Quality, Extended Stay Hotel Opportunity with immediate Post-PIP Upside. The Asset presents a unique opportunity to acquire a recently renovated (February 2024 PIP completion date) hotel located <4 miles from the University of Florida. This opportunity allows a new owner the opportunity to immediately benefit from continued post-renovation room rate growth, driving substantial top and bottom-line growth.
• Located in an Established & Growing University Market. The Property is strategically situated in a well-established market, offering convenient access to several key attractions and developments in Gainesville. This vibrant city is home to the University of Florida, the 5th largest single-campus university in the United States and No. 1 public university in the United States, drawing visitors year-round for various academic and athletic events. Gainesville is also experiencing significant growth, evidenced by major new developments such as the $70 million Celebration Pointe, a premier mixed-use destination, and the $35 million Alachua County Sports Complex. 
• Muted Supply Pipeline University Market: Per CoStar as of June 2024, there are no hotels currently under construction in the Gainesville, FL market.
• Institutionally owned and managed hotel providing significant operational upside.