INVESTMENT HIGHLIGHTS
EXCELLENT LOCATION NEAR NUMEROUS DEMAND GENERATORS
Staybridge Suites Louisville-East is located off Interstate 64 in the heart of a densely developed corporate and industrial district. Anchoring the corporate space is the Quality Control Center of Papa Johns, one of the firm’s largest corporate hubs, which employs 600 people, only 1 mile from the Hotel. Additionally driving substantial corporate demand is the GE Appliance Park, a sprawling 750-acre site home to GE Appliance’s headquarters and 5 manufacturing plants that employ approximately 8,500 people, only 10 miles away. In 2023, the firm completed a $450 million investment in the facility, which consisted of installing new equipment and constructing new assembly lines. Overall, the facility has contributed $7.4 billion to Kentucky’s GDP and is crucial to the firm’s R&D efforts, employing more than 1,600 engineers to develop new products. Driving leisure demand to the area are Churchill Downs, home of the annual Kentucky Derby; the Kentucky Exhibition Center; and Downtown Louisville, all located within 15 miles of the Hotel. Downtown Louisville is home to historic attractions, such as the Louisville Slugger Museum & Factory, the Kentucky International Convention Center, and numerous local eateries and entertainment venues. Connecting travelers to the area is Louisville Muhammad Ali International Airport which served 4.8 million passengers in 2024, marking two connective record-breaking years.
UPSIDE POST RENOVATION
The Staybridge Suites Louisville-East recorded a RevPAR of $73.12 through the Trailing Twelve-Month (“TTM”) period January 2025, ranking 4 of 6 within its competitive set at an 83.5% penetration. This highlights considerable upside for new ownership upon completion of a change-of-ownership PIP. The improved product offering is expected to significantly increase top-line performance to levels well-exceeding in-place metrics.
SIGNIFICANT OPERATIONAL UPSIDE
The Hotel is currently institutionally managed and achieved a 16.7% NOI margin through TTM January 2025 period. On average, extended stay hotels operate above 35% NOI margins. Significant upside remains upon implementing a more localized management approach. Prospective buyers will have the opportunity to improve on efficiencies and lower costs compared to those of a larger management company with a revamped management strategy.
OFFERED BELOW REPLACEMENT COST IN HIGH GROWTH MARKET
The Staybridge Suites Louisville-East is being offered at a discount to replacement cost. Louisville’s population has increased by 55,000 over the last decade, with 2,300 new jobs added in 2023 alone and more than $1 billion in capital investments. Notably, GE Appliance Park recently completed a $450 million expansion, adding over 1,000 employees, and the airport is undergoing a $45 million upgrade to meet rising demand, having reached a record 2.58 million passengers in 2023. The offering presents an opportunity to buy into a growing market at an attractive basis.
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ABOUT HUNTER
Hunter Hotel Advisors is the 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 45 years of experience in both full and select-service single assets as well as portfolio marketing, the firm’s capacity in valuation, economic analysis, and industry relationships has allowed HUNTER to consistently maximize value regardless of market conditions.
Hunter Hotel Advisors is the founder and producer of the well-known and respected Hunter Hotel Investment Conference. Since their first conference in 1989, they have had a consistent focus on producing an educational and networking format based on real estate and finance for hotel owners.
