ATLANTA, Georgia—Hunter Advisors (Hunter) introduced the sale of the Staybridge Suites Louisville–East, a 94-room extended-stay lodge positioned in Louisville, Kentucky. The property was bought by a personal funding agency to Evergreen Hospitality in a transaction brokered by David Perrin and Tim Osborne, Senior Vice Presidents at Hunter Advisors.
“We’re grateful to have added one other extended-stay lodge to our portfolio,” mentioned a consultant at Evergreen Hospitality. “We wish to thank all events concerned and are happy to have accomplished a easy and well timed transaction. Specifically, we commend David and Tim for his or her perception and professionalism in guiding the transaction from starting to shut.”
Positioned off Interstate 64, the Staybridge Suites Louisville–East is located inside a company and industrial hall, supported by close by employers together with the Papa Johns High quality Management Middle and GE Equipment Park, with entry to Louisville Muhammad Ali Worldwide Airport.
“Prolonged-stay stays a lodging phase that continues to draw investor curiosity,” mentioned Hunter’s David Perrin. “The property’s mixture of strong location, secure demand drivers, and outlined operational upside displays the broader attraction of this asset class.
“The client plans to execute a complete renovation of the property to the most recent Staybridge requirements to extend market share,” added Hunter’s Tim Osborne.
The three-story lodge gives suites outfitted with full kitchens and provides facilities designed for extended-stay company, together with complimentary breakfast, a 240-square-foot assembly room, outside pool, health heart, enterprise heart, and on-site laundry amenities.
