Thursday, November 6, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Hospitality

AcquisitionsHospitalitySoutheastTennessee

Marcus & Millichap Arranges $5.9M Sale of Hampton Inn Hotel in Caryville, Tennessee

by John Nelson

CARYVILLE, TENN. — Marcus & Millichap has arranged the $5.9 million sale of a 62-room Hampton Inn hotel in Caryville, roughly 24 miles north of Knoxville via I-75. Located at 4459 Veterans Memorial Highway along Cove Lake, the 42,000-square-foot Hampton Inn was originally built in 1994. Amenities at the property include an outdoor swimming pool, fitness center and a business center. Alexandre Duong and Lucas Jalenak of Marcus & Millichap’s Cleveland and Nashville offices marketed the property on behalf of the undisclosed seller. Alexandre Duong and Kishan Patel from the firm’s Louisville office procured the buyer. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee for the deal. 

Continue Reading
FacebookTwitterLinkedinEmail
AlabamaDevelopmentHospitalitySoutheast

Choice Hotels Opens 98-Room Everhome Suites Hotel in Huntsville, Alabama

by John Nelson

HUNTSVILLE, ALA. — Choice Hotels Internationals Inc. has opened a new Everhome Suites Hotel in Huntsville. The project team includes architect Woolpert and general contractor Integrated Construction. An entity doing business as EHS Huntsville LLC was the developer. Located at 5581 Holmes Ave., Everhome Suites Huntsville offers access to the University of Alabama in Huntsville, the U.S. Space & Rocket Center and the city’s medical district. The hotel features 98 rooms, including amenities such as fully equipped kitchens, spa-style bathrooms, weekly housekeeping services, a multipurpose lobby, an outdoor communal space with barbeque grills, firepits and green spaces, 24/7 fitness center and 24/7 laundry facilities. Additionally, the hotel offers a 24/7 self-serve Homebase Market with food, beverages and groceries. Everhome Suites Huntsville is one of three Everhome Suites opened by Choice Hotels recently, with other locations in Chandler, Ariz., and Temecula, Calif. Everhome Suites is on track to have 25 hotels open by the end of the year, with 20 currently under construction and more than 65 hotels in the development pipeline.

Continue Reading
FacebookTwitterLinkedinEmail
2300-International-Ave-Albuquerque-NM
AcquisitionsHospitalityNew MexicoWestern

Marcus & Millichap Brokers Sale of 101-Room Sleep Inn Albuquerque Airport Hotel in New Mexico

by Amy Works

ALBUQUERQUE, N.M. — Marcus & Millichap has arranged the sale of Sleep Inn Albuquerque Airport, a hotel at 2300 International Ave. in Albuquerque. The 101-room hotel was built in 1996. The fully stabilized turn-key hotel has no Property Improvement Plan (PIP) required and double-digit year-round market RevPAR growth. John Casler and Josh Tammen of Marcus & Millichap represented the seller, while Tammen also represented the buyer in the transaction. Terms of the transaction were not released.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentGeorgiaHospitalitySoutheast

Ackerman/Pioneer Land Arranges Land Sale in LaGrange, Georgia for Future Hotel

by John Nelson

LAGRANGE, GA. — Ackerman/Pioneer Land Advisory Group has arranged the $1.5 million sale of a two-acre site within Selig Enterprises’ Sola mixed-use development in LaGrange. The buyer, Noble Investment Group, plans to develop a 124-room, four-story StudioRes by Marriott hotel at the site. Located at 101 Timberwolf Drive, which is 69 miles southwest of Atlanta via I-85, the property will be situated near Great Wolf Lodge Water Park. John Speros, J.T. Speros and Kyle Gable of Ackerman/Pioneer Land represented Noble Investment in the land acquisition.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityMidwestOhio

Laurel Real Estate Negotiates Sale of 82-Room Fairfield Inn & Suites Hotel Near Cleveland

by Kristin Harlow

AVON, OHIO — Laurel Real Estate Co. has negotiated the sale of the Fairfield Inn & Suites hotel in Avon near Cleveland for an undisclosed price. The 82-room property is located at 39050 Colorado Ave. Amenities include an indoor pool, fitness center and meeting space. Laurel represented the undisclosed seller and was the sole brokerage involved in the transaction, which was considered an off-market deal.

Continue Reading
FacebookTwitterLinkedinEmail
Sol-Cypress-San-Antonio
DevelopmentHospitalityTexas

Paradigm Management Completes $11M Renovation of San Antonio Hotel

by Taylor Williams

SAN ANTONIO — Locally based owner-operator Paradigm Management has completed the $11 million renovation of Sol Cypress, a 131-room hotel in San Antonio’s River Walk district. Designed by San Antonio-based DTM Architects and Los Angeles-based KNA Design, the hotel is part of the Tribute Portfolio Hotel by Marriott family of brands and is named after the Texas Bald Cypress trees that have long lined the banks of the San Antonio River. The renovation lasted 24 months. Paradigm has rebranded the property as a Wyndham Garden Inn. Amenities include an onsite restaurant and bar, dog park and 4,000 square feet of meeting and event space.

Continue Reading
FacebookTwitterLinkedinEmail
500-E-7th-St-Leadville-CO
AcquisitionsColoradoHospitalityWestern

NorthPeak Commercial Brokers Sale of Inn the Clouds Hostel & Inn in Leadville, Colorado

by Amy Works

LEADVILLE, COLO. — NorthPeak Commercial Advisors has arranged the sale of Inn the Clouds Hostel & Inn in Leadville. The asset traded for $1.5 million, or $108,286 per room. Located at 500 E. 7th St., the property offers 14 rooms. Dan Hawthorne of NorthPeak Commercial Advisors represented the undisclosed seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityIndianaMidwest

Huff, Niehaus & Associates Negotiates Sale of 111-Room Comfort Inn Hotel in Evansville, Indiana

by Kristin Harlow

EVANSVILLE, IND. — Huff, Niehaus & Associates Inc. has negotiated the sale of the Comfort Inn East Evansville hotel for an undisclosed price. The three-story, limited-service hotel features 111 rooms. Shriv Shakti Hospitality Inc. acquired the property for less than $50,000 per room from Priyansu Hotels LLC. Brandt Niehaus of Huff, Niehaus & Associates represented the seller.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansTexas

Mag Mile Capital Arranges $13M CMBS Loan for Central Texas Hotel

by Taylor Williams

HARKER HEIGHTS, TEXAS — Mag Mile Capital, a Chicago-based commercial mortgage banking firm, has arranged a $13 million CMBS loan for the 88-room Hampton Inn Harker Heights hotel in Central Texas. The select-service hotel opened in August 2023 and is located north of Austin and just outside the city of Killeen. The 10-year, nonrecourse loan carried a fixed interest rate of 7.5 percent, a 65 percent loan-to-value ratio and a 30-year amortization schedule. The name of the Austin-based borrower and direct lender were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityIndianaMidwest

Bradford Allen Acquires 130-Room SpringHill Suites Indianapolis Fishers Hotel

by Kristin Harlow

FISHERS, IND. — Bradford Allen has acquired the SpringHill Suites Indianapolis Fishers hotel, a 130-room select-service hotel located adjacent to the new Cadillac Formula 1 headquarters, which is being developed by Bradford Allen. The purchase price was undisclosed. Located near I-69 in the Indianapolis North Loop submarket, the hotel is less than three miles from the new Fishers Event Center and within 20 miles of the Indianapolis Motor Speedway. Opened in 2007 and renovated in 2016, the property features an indoor pool, meeting room, convenience store, fitness center, laundry room, complimentary breakfast buffet and complimentary onsite parking. Since launching its hospitality platform in 2022, Bradford Allen has acquired seven hotels totaling about 900 rooms.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts