Strategic Sale of Candlewood Suites Marks Hospitality Growth
Strategic Move in the Hospitality Sector
In a notable transaction, DSH Hotel Advisors, a key player in hotel brokerage and advisory services, successfully arranged the sale of the Candlewood Suites Jacksonville—bringing their expertise to the forefront of the hospitality market. This significant event reflects the firm’s commitment to excellence in hotel investment sales.
Successful Sale Arrangements
Under the leadership of Managing Principal and Founder Dennis S. Hopper and Senior Investment Associate Sam Subodh Patel, DSH Hotel Advisors facilitated the sale of the 61-room Candlewood Suites Jacksonville. The agreement, which was finalized recently, demonstrates the increasing interest and activity in the hospitality sector. The seller, Mayport Lodging 2, Inc., and buyer, Butler Lodging LLC, engaged in this strategic transaction without the public disclosure of the sale price.
Engagement with Qualified Buyers
Throughout the process, DSH Hotel Advisors held an exclusive listing, which attracted over 130 signed Confidentiality Agreements from qualified buyers, culminating in multiple offers. This illustrates a robust market interest in hotel acquisitions, particularly within the Jacksonville area.
Comments from Leadership
Patel expressed pride in the successful closing, stating, "DSH Hotel Advisors is proud to have facilitated the successful sale of the Candlewood Suites Jacksonville-Mayport, which reinforces the firm's strong presence in the market. This property not only complements the buyer's existing portfolio, including the newly opened TownePlace Suites, but also exemplifies our effective market strategy this year, marking our third hotel closing in this area."
Collaborative Transaction Process
The collaboration among all parties played a pivotal role in the smooth closing of this transaction. Hopper commented on the teamwork involved, explaining how DSH Hotel Advisors was able to generate competitive offers and select the most suitable buyer, confirming their hands-on approach from inception to completion.
Property Highlights
The Candlewood Suites Jacksonville-Mayport, an all-suite IHG hotel established in 2019, is strategically located off Highway A1A. Each spacious suite is designed with a fully equipped kitchen and dedicated work area, catering to both extended-stay guests and those seeking value. The hotel's excellent condition, combined with ongoing maintenance, positions it for continued operational success and growth potential.
About DSH Hotel Advisors
DSH Hotel Advisors operates as a national hotel brokerage and advisory firm based in Tampa, Florida. The company specializes in assisting hotel investors with acquisition and disposition matters, while establishing a strong regional focus in the southeast. Leveraging extensive relationships with vital players in the hospitality industry, DSH Hotel Advisors ensures comprehensive service delivery tailored to meet client needs effectively.
Frequently Asked Questions
What services does DSH Hotel Advisors offer?
DSH Hotel Advisors specializes in hotel brokerage and advisory services, focusing on acquisition and disposition of hotel assets.
How many offers were generated for the Candlewood Suites sale?
The sale attracted over 130 signed Confidentiality Agreements and multiple offers from qualified buyers.
When was the Candlewood Suites built?
The Candlewood Suites Jacksonville-Mayport was established in 2019, showcasing modern hospitality design.
What is the significance of this sale for DSH Hotel Advisors?
This sale reinforces DSH Hotel Advisors' presence and expertise in the Jacksonville hospitality market, marking their third closing in the area this year.
How does DSH Hotel Advisors support their clients?
The firm utilizes strong industry relationships to deliver tailored services, ensuring optimal results for their clients in hotel transactions.
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