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Virginia Beach, Virginia – November 14, 2017 – Denton Realty Company, a hospitality and commercial real estate brokerage and consulting firm, announces the sale of the Fairfield Inn & Suites by Marriott in Stafford, Virginia. The seller was an individual owner/operator who developed the hotel in 2013.

HMP Properties, a Williamsburg, Virginia based hotel development and management company purchased the hotel through an affiliate. Denton Realty Company procured the off-market investment opportunity and represented the purchaser in the real estate transaction.

Hitesh M. Patel, president of HMP Properties said, “This is a well-built, well-located hotel with a track record of excellent guest service scores. We are very proud to add this hotel to our portfolio.”

Edward C. Denton, president of Denton Realty Company said, “This was a needle in the haystack opportunity. Hotel fundamentals are very strong and as a result many owners are enjoying the cash flow and are reluctant to sell, so there are very few quality assets on the market. As such, we conducted a targeted sourcing effort for our client and are very pleased with the results. It was a pleasure to work with Mr. Patel and his team and we are proud to have been shoulder to shoulder with them for their first Marriott acquisition.”

About Denton Realty Company

Denton Realty Company provides hospitality and commercial real estate brokerage and consulting throughout Virginia and North Carolina. The company is a boutique realty firm, offering specialized services for hotels, self-storage, multifamily and retail investment properties. Denton Realty Company also provides distressed asset resolution services for commercial real estate lenders. More information is available at www.dentonrealty.net.

Contact: Edward C. Denton

ed@dentonrealty.net / (757) 354-2115

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