Courtyard By Marriott
Services Provided by Donohoe:
- Hotel Brokerage
Background:
One of the principals of the partnership that developed the property wanted to trade out of the deal to pursue other opportunities.
Challenge:
The sale needed to transact at the high end of the market to justify each partner’s financial requirements.
Result:
To achieve a high sales price benchmark, DRES marketed the 140-room property to national hospitality REITs and sourced a buyer looking to add a high-performing property to its portfolio. The hotel was under contract in less than three months.