McNeill Hotel Investors buys Home2 Suites by Hilton Gainesville

McNeill Hotel Investors buys Home2 Suites by Hilton Gainesville

Published at: 2018-11-02 14:01 | Author: CIJ USA
McNeill Hotel Investors purchased Home2 Suites by Hilton Gainesville. The price of the deal was not disclosed. The 95-room property is less than a mile from the Health Sciences Center Gainesville, which encompasses six health colleges, six research institutes, two specialty hospitals and a teaching hospital. Completed in 2016, the hotel features 1,224 sq ft of meeting space, a fitness room, outdoor pool, two lobby workstation computers and a 24-hour pantry market. Holliday Fenoglio Fowler represented the seller, Impact Properties. McNeill Hotel Investors purchased the asset free and clear of existing debt in an off-market transaction.

“This recently built property is an excellent strategic fit for our growing hotel portfolio,” said Phillip McNeill Jr., CEO of McNeill. “We have great operational experience with the Home2 Suites brand and extended-stay properties overall, as they now comprise more than half of our existing portfolio of hotels.”

Similar Stories:

Pebblebrook secures $1.75bn for LaSalle merger
Pebblebrook Hotel Trust has secured a $1.75bn loan to complete its merger with LaSalle Hot  »
Choice Hotels to open 20 new WoodSpring Suites across US
Brookwood Hotels has signed an agreement with Choice Hotels International for the future d  »
ESJ Capital Partners, to add a 300-room hotel to Jungle Island in Miami
ESJ Capital Partners, the owner of Jungle Island, has submitted plans with the City of Mia  »
McKibbon Hotel Group secures $25m in financing for Aloft Asheville
The McKibbon Hotel Group secured $25m in financing for Aloft Asheville, a specialty hotel  »
The healthcare industry continues to evolve, and brokers who represent medical care provid   »