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.

Meet the Team