The properties were located in the Southeastern United States: the 79-room Fairfield Inn & Suites Tallahassee, FL, the 79-room Fairfield Inn & Suites Columbus, GA, and the 63-room Fairfield Inn located in Dothan, AL.
Each hotel was sold to different regional investment groups. “Hunter’s extensive relationships with all types of owners allowed us to match each hotel investment with the right firm,” said Teague Hunter, president of Hunter Hotel Advisors. “We have a strong relationship with Hunter and are always pleased with the process, and these sales are no exception,” said Sam Reynolds, executive vice president of Apple REIT.
Hunter’s seven brokerage offices specialize in select and full-service hotels and currently represent more than 100 hospitality assets nationally. Hunter’s Capital Market group is anticipating closing on more than $150 million in debt and equity financing by the end of the year.
Hunter Hotel Advisors, with seven strategically-located offices, is one of the nation's leading providers of brokerage and capital markets advisory services to the hotel industry. Specializing in full and select-service listings, Hunter's team of seasoned professionals and the industry's brightest stars have leveraged their combined expertise to successfully advise thousands of clients through all economic conditions.