Fairfield Inn Ann Arbor Michigan Sold to Private Investor
August 22, 2013 - Hunter Hotel Advisors announced the sale of the 109-guest room Fairfield Inn in Ann Arbor, Michigan. Hunter represented one of the nation's largest commercial real estate groups in the transaction of the hotel.
Hunter Hotel Advisors Hunter Hotel Advisors announced the sale of the 109-guest room Fairfield Inn in Ann Arbor, Michigan. Hunter represented one of the nation's largest commercial real estate groups in the transaction of the hotel. A private investor purchased the four-story interior corridor hotel and has significant renovation plans for the property.
“This was an attractive acquisition because of the proximity to the University of Michigan and the strength of the Marriott brand. This was an attractive acquisition because of the proximity to the University of Michigan and the strength of the Marriott brand,” said Teague Hunter, president of Hunter Hotel Advisors. “This was a very clean transaction and both parties were very pleased with the process.”
Hunter's seven brokerage offices specialize in select and full-service hotels and currently represent more than 100 hospitality assets nationally, and approximately 14 hotels are scheduled to close by the end of the quarter. Hunter's Capital Market group is anticipating closing on more than $150 million in debt and equity financing by the end of the year.
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 
