News for the Hospitality Executive
Located in the heart of downtown Knoxville, the Hilton Knoxville offers amenities such as a cyber cafe, business center, fitness center, and outdoor swimming pool. Recognized as Knoxville's premier full-service lodging facility, the Hilton Knoxville is strategically located within walking distance of the University of Tennessee and numerous corporate demand generators. Noted Ed Ansbro, executive Vice President of Fairwood Capital, "The Hilton Knoxville represents the type of acquisition that our firm has been focused on for our investors, given its premium branding and location in the downtown Knoxville market proximate to the University of Tennessee and other diverse demand drivers in the downtown market."
“This transaction truly represents a ‘win-win’ for both Knoxville Hotel 2004, LLC and Fairwood Capital”, noted Levy. “The seller was able to exit its investment in this fine asset at an opportune time in the current market cycle, while Fairwood was able to acquire the leading hotel in the Knoxville market at very attractive pricing.” Moreover, as noted by Scott Stephens, who is a Principal with HREC Investment Advisors, “This transaction evidences the strength of the HREC IA platform, and demonstrates our firm’s expertise in creating a dynamic bid process for high-quality assets such as the Hilton Knoxville.”
About HREC: HREC is the nation’s leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals) and litigation support. With fourteen offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization.
For additional information, visit HREC’s
Senior Vice President
Director of Marketing
HREC-Hospitality Real Estate Counselors
6400 S. Fiddler’s Green Circle
Greenwood Village, CO 80111
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