Hunter Completes Sale of Comfort Suites in Suburban D.C.
ATLANTA & WASHINGTON—Hunter Hotels announced that it advised the owner on the sale of the Comfort Suites in Manassas, Va., in suburban Washington, D.C. Hunter represented a national special servicer as the seller of the 138-guest suite hotel to a regional multi-property owner. READER COMMENTS
Lee Hunter, chief operating officer of Hunter Hotels, led the Hunter team, which included Kyle Stevenson from Hunter’s D.C. office, on the $7.3 million sale. Hunter generated nearly 20 offers for the five-story property.
“Washington remains a strong hotel market as does the Eastern corridor from New England to Miami,” Hunter said, in an announcement. “We also are seeing an uptick in hotel real estate activity at our offices in the Midwest, Southwest and West Coast. California and Texas are particularly active now.”
“As the hotel economy strengthens, we see more and better properties coming to market in all of our seven offices nationwide. We are currently seeing a flurry of activity from hotel owners who want to complete sales before any potential changes take place in tax rates,” said Hunter. “We are also working with a substantial number of owners who plan to sell in the first and second quarter. We anticipate another record year for Hunter Hotels this year and next.”