ATLANTA--(EON: Enhanced Online News)--Hunter Hotel Advisors announced today that the firm recently advised on the sale of the 128-suite Springhill Suites by Marriott. The hotel is located just 12 miles from downtown Oklahoma City in the northwestern suburb of Quail Springs.
“The buyer was attracted to the strength of the Marriott brand and we were able to navigate our client through a strategic and smooth sale”
Hunter exclusively represented a Florida-based real estate group as the seller, and arranged the sale of the asset to Oklahoma-based Premier Hospitality Management, Inc. Teague Hunter, president of Hunter Hotel advisors and Trey Scott, vice president of Hunter brokered the transaction.
“The buyer was attracted to the strength of the Marriott brand and we were able to navigate our client through a strategic and smooth sale,” said Teague Hunter, president of Hunter Hotel Advisors. “The acquisition fits well into Premier’s overall strategy to target emerging secondary markets in the North Texas and Oklahoma regions. The rise of oil and gas production in the booming Oklahoma market played a big factor in their decision process.”
“At Hunter, we have an enthusiastic team and accelerated closings have become a new standard, as demonstrated by this asset closing in just 45 days,” said Trey Scott, vice president of Hunter. “Equity and debt financing is consistently flowing, and have aided in expediting the sales process.”
Hunter’s seven brokerage offices specialize in select and full-service hotels and currently represent more than 85 hospitality assets nationally, and expect to close on 5 or more hotels in October. Hunter’s Capital Market group is anticipating closing on more than $75 million in debt and equity financing by the end of the year. Additional information, including current listings, is available at the company’s website, www.hunterhotels.net or by contacting the Atlanta headquarters at 770-916-0300.
Hunter, with seven strategically-located offices, is one of the nation's leading providers of brokerage and capital markets advisory services to the hotel industry. Specializing in full and select-service listings, Hunter's team of seasoned professionals and the industry's brightest stars have leveraged their combined expertise to successfully advise thousands of clients through all economic conditions.