Huff, Niehaus & Associates, Inc., a member of Hotel Brokers International, announced the closing on the sale of the 75-unit, 3-story, interior corridor, Country Inn & Suites located in London, Kentucky. The hotel has a highly visible and accessible location off I-75. Revenues have grown steadily over the past three years. Brandt Niehaus, CCIM and President of Huff, Niehaus & Associates, Inc., exclusively brokered the transaction, working closely with the Buyer and Seller to negotiate a mutually acceptable sale. The hotel was purchased by Longman Properties II, LLC who plans to continue to operate as a Country Inn & Suites with the Carlson Generation 4 Prototype Plan. The final sale price was $3,700,000 and financed with a SBA 504c loan.
H. Brandt Niehaus is President and Principal Broker of Huff, Niehaus & Associates, Inc. a Louisville, Kentucky-based full-service hotel real estate investment firm. Huff, Niehaus is recognized as one of the leading brokerage firms in the nation and is a ten time recipient of the HBI Top Regional Broker award. Huff, Niehaus offers hotel real estate advisory services including opinions-of-value, consulting and management as well as investment real estate brokerage services. Clients can expect skilled counsel at every step of the sale process from initial negotiations to the final coordination of the closing, always with the utmost integrity and with the results of a win-win for all parties involved.
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 150 property listings and the HBI website attracts more than 55,000 monthly site visitors. 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 members’ hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
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