Towneplace Suites and Fairfield Inn & Suites in Mobile, Alabama Change Hands, and New Mobile Listing Announced
A private equity group is building out their coastal Gulf Coast portfolio with the acquisition of two properties in Mobile, Alabama: TownePlace Suites by Marriott and the Fairfield Inn & Suites by Marriott. Hunter Hotel Advisors represented the institutional seller in the transaction.
The properties are located near I-10 and I-65 on the West side of Mobile, and offer the best of suburban comforts within easy reach of downtown Mobile. Close to retail, restaurants, and the University of South Alabama and University of Mobile. Mobile is the birthplace of Mardi Gras in the US, and guests wanting to enjoy this family-friendly version of the celebration can enjoy the suite amenities both hotels offer during the festivities.
Tim Osborne, Vice President at Hunter Hotel Advisors, has worked with the buyer in the past. "The properties and the location fit well into the buyer's profile, and they will renovate the assets to enhance the value," said Tim.
"Hunter Hotel Advisors shares the excitement of this deal with all parties, and are happy to have applied our experience with Marriott branded hotels to the transaction." - Teague Hunter, President, Hunter Hotel Advisors.
Building on their experience in Mobile, Hunter announces that they are marketing another Mobile hotel for sale, the Homewood Suites in Providence Park. This 86 room all-suite property hotel was built in 1997 and offers significant in-place cash flow with operational upside. Tim Osborne, Vice President, and Mayank Patel, Vice President, both of Hunter Hotel Advisors, are handling the sale. Please contact Hunter for additional information.
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