HMP Properties Acquires Fairfield Inn & Suites by Marriott Quantico Stafford in Virginia
VIRGINIA BEACH, VA. November 15, 2017 - Denton Realty Company, a hospitality and commercial real estate brokerage and consulting firm, announces the sale of the Fairfield Inn & Suites by Marriott in Stafford, Virginia. The seller was an individual owner/operator who developed the hotel in 2013.
HMP Properties, a Williamsburg, Virginia based hotel development and management company purchased the hotel through an affiliate. Denton Realty Company procured the off-market investment opportunity and represented the purchaser in the real estate transaction.
Hitesh M. Patel, president of HMP Properties said, “This is a well-built, well-located hotel with a track record of excellent guest service scores. We are very proud to add this hotel to our portfolio.”
Edward C. Denton, president of Denton Realty Company said, “This was a needle in the haystack opportunity. Hotel fundamentals are very strong and as a result many owners are enjoying the cash flow and are reluctant to sell, so there are very few quality assets on the market. As such, we conducted a targeted sourcing effort for our client and are very pleased with the results. It was a pleasure to work with Mr. Patel and his team and we are proud to have been shoulder to shoulder with them for their first Marriott acquisition.”
About Denton Realty Company
Denton Realty Company provides hospitality and commercial real estate brokerage and consulting throughout Virginia and North Carolina. The company is a boutique realty firm, offering specialized services for hotels, self-storage, multifamily and retail investment properties. Denton Realty Company also provides distressed asset resolution services for commercial real estate lenders. More information is available at www.dentonrealty.net.
Contact:
Edward C. Denton
[email protected]
(757) 354-2115
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
