AWH Partners, LLC and Opterra Capital, LLC Acquire 321-Room Cincinnati Marriott at RiverCenter
AWH Partners, LLC and Opterra Capital, LLC announce today the acquisition of Cincinnati Marriott at RiverCenter making it the third Marriott Hotel, the iconic flagship of Marriott International, in their portfolio. Starting Nov. 9, Spire Hospitality began operation and management the hotel.
“As an uncommon opportunity to buy a Marriott-branded hotel with a strong history of consistent earnings in need of material renovation, buying the Cincinnati Marriott at RiverCenter fits directly in our strategy of identifying diversified, opportunistic investments,” says Russ Flicker, principal of AWH Partners. “Further, the hotel finished a comprehensive rooms renovation within days of our closing, leaving us the opportunity to renovate the public spaces while enjoying ramp up from the rooms.”
“We are proud to continue our long, positive track record with Marriott International,” says Glenn Alba, president of Opterra Capital. “The asset is well-positioned through its renovation to see increasing room night demand through a variety of opportunities. Now recognized as the tech capital of the Midwest, Cincinnati hosts a number of Fortune 500 companies, professional sports teams, major convention centers, a revitalized riverfront district and a major research university.”
Conveniently connected to the Northern Kentucky Convention Center, the recently renovated 14-story, 321-room Marriott at RiverCenter boasts 30 event rooms and 16 breakout rooms. Recently renovated guestrooms blend style and comfort while hotel guests enjoy a state-of-the-art fitness center with indoor lap pool and the signature restaurant, 10 West, offering beautiful views of the Ohio River and Downtown Cincinnati. Just a short walk across the historic Roebling Bridge is The Banks, with everything from great restaurants and live music to family-friendly events as well as Paul Brown Stadium and the Great American Ball Park.
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 
