Huff, Niehaus & Associates, Inc., a Louisville, Kentucky based member of Hotel Brokers International, announces for the second time in 2018 their involvement in the closing of two hotels on the same day. The December 18 closings include a fantastic Louisville International Airport Hotel near multiple demand generators and an owner/operator Hotel located in Indiana. Both hotels were exclusively listed by Huff, Niehaus & Associates, Inc. Brandt Niehaus represented the sellers in the transactions.
The 97-room La Quinta Inn & Suites Louisville Airport & Expo located in Louisville, Kentucky, was sold to Third Door Hotel Group, an experienced local hotel owner group. The transaction was conducted in conjunction with Ten-X, an online real estate auction company. At the auction price of $6,250,000, the sale represents an incredible opportunity for the buyer to operate as a newly flagged Best Western branded hotel after completion of renovations.
The 38-room Days Inn in Plymouth, Indiana, is located near Plymouth’s Industrial Park and the downtown business district. The hotel sold to a first-time hotel owner/operator, Ganesh Hospitality LLC, for $1,750,000. “The many manufacturing facilities, recreational and festival activities provide ample market generators for the new owner to aggressively obtain the Days Inn’s fair share of the market,” said Niehaus.
Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. based in Louisville, Kentucky, is a licensed broker in Alabama, Indiana, Kentucky, Massachusetts, Ohio and Tennessee. He earned the Broker of the Year award in 2017 and 2014 and is an eleven-time recipient of Top Regional Broker recognition. Since 1975, Huff, Niehaus & Associates has evolved into a full-service real estate firm providing many services exclusively to the hospitality industry and lenders, including Broker’s Opinions of Value, expert witness testimony, development consultation and brokerage services. Huff, Niehaus may be accessed online at www.huffniehaus.com.
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts site visitors from all over the world. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
H. Brandt Niehaus CHB, CCIM
Huff, Niehaus & Associates, Inc.
Glenda J. Webb, Managing Director
Hotel Brokers International
Kansas City, Missouri
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