Hotel Online
News for the Hospitality Executive



 

Hunter Hotel Advisors Announces Sale of Hilton Garden Inn 
in Greenville, South Carolina

 
 
Atlanta, GA./Greenville, SC., May 15, 2013 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.

About Hunter

Hunter is one of the nation's leading providers of specialty brokerage and capital markets advisory services to the hotel industry.  With seven strategically-located offices, Hunter's team of seasoned professionals and the industry's brightest stars have leveraged their combined expertise to successfully advise thousands of clients through all economic conditions.  Additional information, including listings is available at www.hunterhotels.net.
.
Contact:

Martha Seabrook
Hunter Hotel Advisors
770-701-2199
Martha.Seabrook@HunterHotels.net




Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here

To Learn More About Your News Being Published on Hotel-Online Inquire Here

. .
Also See: Hunter Hotel Advisors Has Record Start to 2013; Executives point to field offices and renewed investor interest / March 2013

Hunter Hotels Closes 2012 with Sale of 150-Room Sheraton in Twin Cities Market / January 2013

Hunter Hotels Completes Sale of Comfort Suites in Suburban D.C. / October 2012

Hunter Realty Arranges Sale of the Wingate by Wyndham in Cleveland, Tennessee / August 2012

Hunter Realty Brokers Sale of Hampton Inn, Duncan, Oklahoma; Savvy Investors and Precise Marketing Strategy Contribute to Quick Sale / February 2012

Hunter Realty Sells Record 54 Hotels in 2011; $4 Billion in Broker Opinion of Value Reports, Predicts Active 2012 for Hotel Industry / January 2012

Hunter Realty Completes Sale of Hotel Indigo Nashville; Brokered by Teague Hunter, President, and Brown Kessler, EVP and Former IHG Exec / November 2011


To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome | Hospitality News |
Industry Resources

Please contact Hotel.Online with your comments and suggestions.