Courtyard By Marriott
Services Provided by Donohoe:
- Hotel Brokerage
One of the principals of the partnership that developed the property wanted to trade out of the deal to pursue other opportunities.
The sale needed to transact at the high end of the market to justify each partner’s financial requirements.
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.