HREC Arranges Sale of the Hampton Inn by Hilton Ann Arbor South

HREC Investment Advisors is pleased to announce it has arranged the sale of the 149-guestroom Hampton Inn Ann Arbor South located in Ann Arbor, Michigan. The property was acquired by an affiliate of the Bacall Companies.

HREC Investment Advisors exclusively represented the seller, and affiliate of Broadshore Capital, on this transaction. The marketing and negotiations were led by Monty Levy, Managing Director (Atlanta), and Jeff Preston, Vice President (Chicago). “We were very pleased to have achieved strong pricing on this asset for our client, which confirms the continued demand for high-quality select service assets in desirable markets,” noted Levy. Added Preston, “Bacall Companies is one of the premier owners and operators of nationally recognized branded hotels in Michigan, and we are confident that this will be an accretive acquisition for them given the brand and the Ann Arbor market.”

The hotel is easily visible and accessible from I-94, a major east-west throughway in the state of Michigan. Located on the south side of Ann Arbor, the property is just two miles from the heart of the campus of the University of Michigan, one of the most highly regarded academic and sports universities in the United States. This gives guests easy access to Ann Arbor’s biggest demand generators such as The Big House, Crisler Arena, UofM Graduations, and other university backed events. The Property is also less than a half hour from DTW Airport, the most traveled airport in the region.

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 including market studies, and litigation support. With 20 offices throughout North America, HREC® is distinguished by unwavering commitment to client service and success through its team approach, intellectual capital, and hotel/casino specialization.

HREC Arranges Sale of the Hampton Inn by Hilton Jacksonville Downtown I-95

HREC Investment Advisors is pleased to announce it has arranged the sale of the 118-guestroom Hampton Inn by Hilton Jacksonville Downtown I-95 located in Jacksonville, Florida. The property was acquired by HDG in partnership with Fortune Investments, LLC. HREC Investment Advisors exclusively represented the seller, and an affiliate of Broadshore Capital Partners, on this transaction. The marketing and negotiations were led by Monty Levy, Managing Director (Atlanta), Paul Sexton, Senior Vice President & Broker on Record for Florida (Orlando), and Tammy Bateman, Vice President (Orlando).

Said Bateman, “The Jacksonville lodging market is a hidden gem within the State of Florida. As one of Florida’s more transient commercial-oriented markets, it is worth noting that over the past year, RevPAR is up nearly 20% across the market.

Added Sexton, “As is well known, the Florida market has been on fire over the past couple of years. Regardless of any macroeconomic headwinds coming our way, it is never a bad time to invest in the state’s hotel market. You blink twice and the market will already be back to peak operating performances.”

The hotel is ideally located in the heart of downtown Jacksonville, immediately proximate to some of the city’s biggest demand generators. The property is located directly next to the Baptist Medical Center and the Wolfson Children’s Hospital. The Property is just across the St. Johns River and less than two miles from all of downtown’s largest leisure demand generators: TIAA Bank Field, VyStar Veteran’s Memorial Arena, the MOSH Museum, and the Osborne Convention Center. The downtown area is currently seeing massive developments as well that the Property has easy access to that will reinvigorate tourism to downtown Jacksonville.

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 including market studies, and litigation support. With 20 offices throughout North America, HREC® is distinguished by unwavering commitment to client service and success through its team approach, intellectual capital, and hotel/casino specialization.

Crystal Investment Property Facilitates the Sale of Eagle’s View Inn & Suites

Crystal Investment Property, LLC (“CIP”), a member of Hotel Brokers International, has announced the highly-anticipated sale of the Eagle’s View Inn & Suites in Enterprise, Oregon. As a licensed Oregon brokerage, CIP represented the seller in the transaction, working closely with the buyer and other professionals to successfully negotiate and close the deal. The final sale price, which remains confidential, reflects the strong demand for high-quality hotel properties in the region. CIP President Joseph P. Kennedy and the CIP team are thrilled to have played a key role in this important transaction.

The Eagle’s View Inn & Suites is a 53-key, midscale, select-service, independent hotel. Eagle’s View is situated on a hilltop overlooking the Wallowa Valley and Eagle Cap Mountains. Year-round demand drivers include hiking, fishing, horseback riding, golfing, boating, river rafting, and swimming in Summer. Winter activities include skiing, snowshoeing, snowmobiling, and watching the annual sled dog races.

The hotel features a spacious lobby with a stone fireplace, breakfast area, exercise room, indoor pool, spa, sauna, and guest laundry. In addition, the property includes a flexible ~930 sq. ft. meeting room/event space that accommodates up to 58 guests. Guest room mix includes a selection of Queen and King rooms, kitchenette suites, jetted tub suites, and ADA Accessible rooms. Room amenities include a mini-fridge, microwave, coffee maker, flat-screen HDTV, and wireless internet.

Joseph P. Kennedy, President of CIP, said, “The sale of Eagle’s View Inn & Suites marks another win for our clients. Our team was able to secure a full-price offer, reflecting the strength of the market as well as our value assessment. We were happy to facilitate a smooth transaction with the help of the Buyer’s Broker. We know the Seller will enjoy focusing on their other projects and the Buyer looks forward to a successful branding of the property.”

About Crystal Investment Property, LLC

Crystal Investment Property, a premier hospitality investment advisory and brokerage company located in the Pacific Northwest, maintains the most cutting-edge technological, online, and social media presence as well as a full range of traditional and web-based marketing reaching local, regional, national, and international clientele. The firm’s core hospitality asset acquisition/disposition services are supported by innovative and creative solutions to maintain its position as the region’s most active and successful hotel broker. Crystal Investment Property represents the full spectrum of hospitality real estate owners. Their experience covers all hospitality asset types, including full-service hotels, boutique hotels, select-service hotels, limited-service hotels, development projects, and leasehold transactions. Visit Crystal Investment Property online at crystalip.com.

About Hotel Brokers International

Founded in 1959, Hotel Brokers International is the industry’s oldest network of hospitality broker professionals. HBI hotel brokerage specialists have successfully negotiated more than 11,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s website features a large inventory of hotel assets listed for sale and attracts site visitors from around the world. HBI is the founder and administrator of the Certified Hotel Broker program – the industry’s only professional designation for Hotel Brokers. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals, and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit hbihotels.com.

Hilton Motif Seattle Debuts in the Heart of the Emerald City

SEATTLE – Hilton today announced the opening of the 319-room Hilton Motif Seattle. The hotel, formerly Motif Seattle, is located in a prime downtown area, offering a rooftop restaurant and bar and more than 36,000 square feet of meeting and event space.

“We are delighted to welcome Hilton Motif Seattle to our portfolio and look forward to showcasing our signature hospitality to guests visiting the Emerald City, a bustling destination that thrives with industrial, commercial, and cultural activity,” said Danny Hughes, executive vice president and president, Americas, for Hilton. “At Hilton we are committed to putting the right hotel in the right place at the right time, and this property’s prime location, paired with our service and Hilton Honors guest-loyalty program, creates an incredible stay for travelers to Seattle.”

Located on Fifth Avenue between Pike Place Market and Union Street, the downtown hotel lies within walking distance from the waterfront, the Space Needle, Chihuly Garden and the newly expanded Seattle Convention Center. Guests looking to explore the city can easily stroll to the Seattle Monorail and for air travelers, the hotel is conveniently located near the light rail to Seattle-Tacoma International Airport.

“Just blocks from the waterfront and iconic Pike Place Market, our flagship brand is proud to extend our signature hospitality to guests visiting Seattle with the debut of Hilton Motif Seattle,” said Leonard Gooz, global brand head for Hilton Hotels & Resorts. “The property’s locally inspired spacious guest rooms, exceptional meetings and events offerings and stunning rooftop dining destination provide a sophisticated yet inviting place to experience all the city has to offer.”

Accommodations

With sweeping views from the city skyline to the Puget Sound, the property honors Seattle’s innovative edge with 319 guestrooms and suites. With an earthy color palette, the guest rooms pay homage to the Pacific Northwest surroundings and feature local artistry and décor. The spacious guest rooms feel like residences, with each room offering a vestibule, and premier rooms offering a mini living room area with a couch or plush chair for lounging and comfort. Suites start at 770 square feet, with a private wet bar, locally commissioned artwork influenced by the local music scene, expansive living areas and unobstructed views from the building’s highest floors. The pet-friendly hotel creates an inviting atmosphere for furry friends, with plush dog beds, canine treats and food and water bowls.

Dining

Consistently voted amongst the best rooftop bars in America, Frolik Kitchen + Cocktails is the hotel’s signature restaurant and bar located on the fifth floor serving handcrafted libations and locally inspired fare featuring wild seafood, foraged mushrooms and the best of the Pacific Northwest. The largest patio bar in downtown Seattle, the restaurant is partially tented throughout the rainy season so guests can continue to enjoy the rooftop views. For guests looking to pair a bit of sport with their cocktail, Frolik Kitchen + Cocktails offers the only rooftop curling rink in Washington, available during the winter months. Reservations are required for the curling and cocktails experience.

Guests looking for snacks and light bites can also visit the grab-and-go market in the lobby.

Meetings and Events

Whether hosting an event for 680 guests or a small meeting for 15, Hilton Motif Seattle offers more than 32,400 square feet of indoor dedicated meeting and conference facilities including two grand ballrooms with floor-to-ceiling windows overlooking the city. Frolik Kitchen + Cocktails is also available for private events for up to 260 guests, with more than 4,000 square feet of indoor and outdoor event space.

Hilton Motif Seattle offers an array of amenities, including electric vehicle charging stations, a business center and a fitness center. The property participates in Hilton Honors, the award-winning guest loyalty program for Hilton’s 19 world-class brands. Members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount and free standard Wi-Fi. Members also have access to contactless technology exclusively through the industry-leading Hilton Honors app.

For more information or to book a reservation, click here.