ATLANTA, Georgia—Officers of Sage Lane Companions and ARK Holdings introduced the three way partnership acquisition of the 101-room Hampton Inn & Suites in Prattville, Alabama. ARK Hospitality will function the lodge. The addition continues Sage Lane’s progress since its formation in 2024 to greater than $350 million in present property managed.
“The Hampton Inn & Suites Prattville marks the primary acquisition of Sage Lane Companions, although it’s not at all our first lodge funding property,” mentioned Bhavnesh Vivek, managing associate, Sage Lane Companions. “With greater than 40 years of hospitality expertise, our executives have closed on greater than 40 transactions and have offered funding, advisory and/or asset administration providers for greater than $3 billion of lodge actual property. Each our acquisition and growth pipelines stay full, and we stay up for including as many as three lodge acquisitions and breaking floor on two growth offers this yr.”
The lodge is straight throughout the road from Bass Professional Store and simply ten minutes from downtown Montgomery. Resort facilities embrace a 24/7 health middle, out of doors pool, enterprise middle, and 576 sq. toes of complete occasion house. All visitors can take pleasure in a complimentary each day breakfast and Wi-Fi all through the lodge.
“At Sage Lane Companions, we search to uncover unrealized worth by figuring out off-market and infrequently uncared for actual property alternatives,” mentioned Bhavin Vivek, managing associate, Sage Lane Companions. “We associate with excessive internet price and institutional traders to use our asset administration experience for value-add and opportunistic investments. Sage Lane Companions presents versatile capital options, enabling diversification into unconventional markets and business ventures, finally delivering substantial returns. The Hampton Inn & Suites is the embodiment of this technique, and we stay up for increasing our portfolio nationwide as we obtain our personal progress objectives.”
“We stay up for collaborating with the Sage Lane Companions crew to use our huge expertise to the Hampton Inn & Suites as we implement refined methods to drive money stream and maximize the worth of the asset whereas offering an elevated expertise to the lodge,” mentioned Azim Saju, chief govt officer, ARK Holdings.
“Prattville is a vibrant and rising market very best for a select-service lodge that gives the most recent facilities most requested by enterprise and leisure vacationers to the world,” mentioned Ed Denning, president, ARK Growth. “Working with the Sage Lane Companions crew, we’re excited to be part of and have a constructive influence on the local people.”
