DSH Hotel Advisors Completes Sale of Holiday Inn Express
DSH Hotel Advisors Completes Sale of Holiday Inn Express
DSH Hotel Advisors, a prominent hotel brokerage and advisory firm, has successfully arranged the sale of Holiday Inn Express & Suites, near a significant naval installation. This transaction highlights the firm's continued relevance and expertise in the hotel investment sector.
Insights into the Holiday Inn Express Sale
Under the dedicated leadership of Dennis S. Hopper, CCIM, Managing Principal at DSH Hotel Advisors, the firm facilitated the sale of the 70-room hotel, which was previously owned by local firm Mayport Lodging, Inc. This successful sale reflects the heightened interest among investors in hotel acquisitions this year.
Transaction Highlights
The exclusive listing generated remarkable interest, attracting over 200 signed confidentiality agreements from potential buyers, illustrating the strategic appeal of the property. Ultimately, multiple offers were submitted, allowing the brokerage team to identify the right fit for the buyer and seller.
Statements from DSH Hotel Advisors
Hopper shared his enthusiasm for the transaction, noting that it marked the second Holiday Inn Express they have brokered in recent months. This momentum speaks volumes about improving investor sentiment and the firm’s robust position in the market.
Consequences of the Sale
Sam Patel, a Senior Investment Associate at DSH, expressed confidence in the new ownership's ability to build on the success of the freshly renovated property. The hotel, which saw substantial updates and improvements, stands ready for new growth opportunities in the hands of PH Lodging Hospitality.
Commitment to Client Service
The DSH Hotel Advisors team is known for their commitment to their clients, having successfully navigated a 1031 exchange buyer. The transaction was completed in an impressive 76 days from contract to closing, underscoring the team's efficiency and dedication.
Future of DSH Hotel Advisors
Looking ahead, the team at DSH Hotel Advisors is focused on identifying similar upper-mid-scale properties throughout the Southeastern United States. The firm anticipates an exciting year ahead, marked by significant transactions that further establish their reputation in the hotel brokerage industry.
Strategic Property Location
The Holiday Inn Express & Suites is strategically positioned near key attractions and is adjacent to major roadways. With recent renovations totaling $1.55 million, the hotel showcases modern upgrades aligned with industry standards. Its prime location off Highway A1A ensures high visibility, making it a compelling investment for future owners.
About DSH Hotel Advisors
Established in Florida, DSH Hotel Advisors is a leading hotel brokerage firm dedicated to serving investors looking to acquire or sell hotel assets throughout the U.S., particularly in the Southeast. With strong industry ties, they provide unmatched guidance and support to their clients. Their comprehensive service model ensures each project has the right team in place to achieve success.
Media Contact Information
For media inquiries, contact Dennis Hopper at 813-767-9953 or via email at 390883@email4pr.com.
Frequently Asked Questions
1. What is the significance of the Holiday Inn Express sale?
The sale demonstrates DSH Hotel Advisors' proficiency in the hotel market and highlights renewed investor confidence.
2. Who represented the buyer and seller in the transaction?
DSH Hotel Advisors represented both the seller, Mayport Lodging, Inc., and the buyer, PH Lodging Jax Beach LLC.
3. How quickly was the sale completed?
The transaction was notably completed within a 76-day timeline, showcasing the firm's efficiency.
4. What type of properties does DSH Hotel Advisors focus on?
The firm specializes in upper-mid-scale hotel properties throughout the Southeastern U.S.
5. What improvements were made to the Holiday Inn Express?
The hotel underwent $1.55 million in renovations to align with modern hospitality standards, enhancing its appeal.
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