Country Inn & Suites
Services Provided by Donohoe:
- Hotel Brokerage
Background:
A local entrepreneur entered the hotel market by developing this well-constructed building with the intention of operating several additional properties.
Challenge:
The 100-room hotel went to market with sub-par industry operating figures, yet the developer required a sales price that achieved an acceptable investment return.
Result:
Donohoe Commercial Real Estate marketed the property to local hospitality firms that were focused on well-built select service properties in ideal locations. The hotel sold very quickly and is now a core holding for the buyer.