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.