ATLANTA, Georgia—Hunter Advisors (Hunter) introduced the sale of the Renaissance Columbus Downtown Resort, a 408-room, full-service resort situated in downtown Columbus, Ohio. The property was bought by JW Marriott Household Enterprises to Whitestone Corporations in a transaction brokered by Robert Taylor, govt vice chairman, and Sophia Pittaluga, senior vice chairman, at Hunter.
“This was a fancy, high-profile downtown transaction that required considerate positioning and disciplined execution,” mentioned Robert Taylor, govt vice chairman at Hunter. “Each events shared a transparent understanding of the asset’s long-term potential, which allowed us to navigate the method effectively and produce the deal to a profitable shut.”
The 22-story Renaissance Columbus Downtown Resort affords 23,810 sq. toes of versatile assembly and occasion house throughout 18 assembly rooms, together with Latitude 41, Bar 41, an out of doors pool, a health middle, and a enterprise middle. The resort is positioned inside strolling distance of Columbus’s core demand drivers, together with the Ohio Statehouse, Ohio Theatre, and the Better Columbus Conference Middle, and is much less than one mile from a number of of the town’s most lively districts.
“The Renaissance Columbus Downtown is a real institutional-scale asset that anchors the town’s conference and group-driven demand,” mentioned Sophia Pittaluga, senior vice chairman at Hunter. “Alternatives to accumulate a resort of this measurement, with this stage of assembly house and a central downtown location, are more and more uncommon—significantly in markets with Columbus’s depth of financial and demand drivers.”
“The partnership on our resort sale with the Hunter funding advisory group of Robert Taylor and Sophia Pittaluga was excellent,” mentioned Robert Kalchik, president and chief govt officer, JW Marriott Household Enterprises. “Past their wonderful administration of the sale course of, their expertise and foresight allowed them to anticipate and navigate the surprising challenges that any deal can encounter. Their relationship-driven method was instrumental in bringing the transaction to a profitable shut.”
“The Hunter Advisors group, led by Robert Taylor and Sophia Pittaluga, was a robust companion all through this course of, bringing disciplined execution and a collaborative method that aligned effectively with our funding technique,” mentioned Jay Batra, chief govt officer, Whitestone Corporations. “The Renaissance Columbus Downtown is a landmark, institutional-scale asset that matches squarely inside our concentrate on upper-upscale lodges in dynamic city markets. This acquisition marks our third funding in Columbus over the past 10 months and reinforces our conviction within the metropolis’s long-term fundamentals, in addition to our skill to drive worth by means of scale, location, and operational alignment.”
