Hunter Advisors has been exclusively engaged to solicit offers for the purchase of the 74-room Wingate Louisville East (the “Hotel” or “Property”), a recently renovated select service property located adjacent to the planned 150-acre Norton Children’s Pediatric Campus development, which is expected to create an irreplaceable demand base for new ownership and support sustained long-term demand fundamentals. The multi-billion-dollar project is projected to create a significant number of construction related jobs and over 1,000 jobs post-opening, generating a substantial amount of room nights in the market that will serve as a major tailwind for the Wingate Louisville East going forward. The construction of the children’s hospital, combined with a strong leisure market and a diverse corporate demand base anchored by Humana, Yum! Brands, Papa Johns, UPS, BrightSpring Health Services, and the FBI, positions Louisville as one of the fastest-growing investment markets in the country.
- Award-winning property, earning the Best of Wingate award for the last six years
- Strong competitive positioning, ranking 2 out of 6 in the competitive set in terms of RevPAR
- High-quality physical product with very limited capital requirements upon acquisition
- In-place cash flow
- Offered at an attractive discount to replacement cost
- Proximate to notable medical, leisure, corporate, and academic demand generators, providing the Property with a well-diversified demand base
