Hunter Hotels announced today that it advised the owner on the sale of the Comfort Suites in Manassas, Va., in suburban Washington, D.C. Hunter represented a national special servicer as the seller of the 138-guest suite hotel to a regional multi-property owner.
Lee Hunter, chief operating officer of Hunter Hotels, led the Hunter team, which included Kyle Stevenson from Hunter’s D.C. office, on the $7.3 million sale. Hunter generated nearly 20 offers for the five-story hotel which is located at 7350 Williamson Boulevard just off heavily traveled Interstate 66.
“Washington remains a strong hotel market as does the Eastern corridor from New England to Miami,” Hunter said. “We also are seeing an uptick in hotel real estate activity at our offices in the Midwest, Southwest and West Coast. California and Texas are particularly active now.”
“As the hotel economy strengthens, we see more and better properties coming to market in all of our seven offices nationwide. We are currently seeing a flurry of activity from hotel owners who want to complete sales before any potential changes take place in tax rates,” said Hunter. “We are also working with a substantial number of owners who plan to sell in the first and second quarter. We anticipate another record year for Hunter Hotels this year and next.”
Additional information, including current listings, is available at the company’s website, www.HunterHotels.net, or by contacting the Atlanta headquarters at 770-916-0300.
Hunter is one of the nation's leading providers of specialty brokerage and capital market advisory services to the hotel industry. With seven strategically-located offices in major metropolitan areas—New York, N.Y., Washington, D.C., Atlanta, Ga., Miami, Fla., Chicago, Ill., Dallas, Tex., and Los Angeles, Calif.—Hunter's seasoned professionals leverage their combined depth of experience, national reach and local knowledge to assist all types of hoteliers and investors. For over 35 years, this highly specialized firm has successfully advised hundreds of clients through all economic cycles and market conditions. www.hunterhotels.net.