This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
Hunter announces sale of Greenville hotel
May 14 2013

Hunter Hotel Advisors announced the sale of the 120-room Hilton Garden Inn in Greenville, South Carolina, to Summit Hotel Group for $127,000 per key.

ATLANTA and GREENVILLE, South Carolina—Hunter Hotel Advisors announced today that the firm recently sold the 4-year-old, six story, 120- room Hilton Garden Inn in Greenville, S.C. The firm represented the seller Deean Hospitality on the sale to Summit Hotel Group for $127,000  per key.
   
“The seller came to us because they wanted to run an efficient process.  We were able to bring the property to market and complete the transaction in just five months,” said Teague Hunter, president of Hunter Hotel Advisors. “We marketed the hotel to well capitalized buyers with whom we have very strong relationships.  Like most of our transactions today, the process was completed quickly and quietly.”

Hunter Brokers involved in the transaction included Teague Hunter and Trey Scott.

“The hotels location and strong cash flow made this an attractive investment for Summit.  They outbid three strong competitors,” said Trey Scott, vice president of Hunter Hotel Advisors. To date, Hunter has closed 22 transactions in 2013. The firm has close to 100 hotels on the market totaling close to a billion dollars in value, with six additional hotels scheduled to close by the end of May.

 

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.

TRENDING
Airbnb casts a long-term shadow
13 hotelier takeaways for year 2020
Investors shift as Starwood’s review rolls on
Hoteliers embrace the Age of Authenticity
How to create a better comp set
How to use your revenue management toolkit
VIDEO
The hotel industry’s most overused clichés
Apple stays true to its core post IPO
MCR pursuing smart hotel development
Deconstructing a guest review
With every great opportunity? A challenge
LATEST NEWS
Hoteliers, associations slam NLRB decision
3 ways to make the most of the Pope’s US visit
Another record year for hotel fees, surcharges
Experts discuss whether to bundle resort fees
5 things to know about July performance
Freitag’s 5: July marks 5 years’ RevPAR growth
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2015 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy