Gehr Hospitality announced the acquisition of the Aloft Hotel, Jacksonville Airport, located three miles from the Jacksonville International Airport and just 15 miles north of downtown Jacksonville. The acquisition was financed by BMO Harris Bank, and McKibbon Hospitality will manage the hotel on behalf of Gehr Hospitality. Ms. Thuong Luong and Ms. Molly Caccamo of Gehr Hospitality led the transaction on behalf of the Company.
“We like the Jacksonville lodging market, with its rapidly improving local economy, strong employment market, and robust port trade,” said David Lifschitz, President and CEO of The Gehr Group. “We are also excited to add the Aloft brand to our hotel portfolio.”
“We plan to invest additional funds in updating the guest rooms and the public areas,” added Thuong Luong, Chief Investment Officer for Gehr Hospitality. “This will position the hotel as the most recently renovated property in its submarket.”
The Aloft Jacksonville Airport is a modern, select-service hotel that includes 136 guestrooms, the Aloft brand’s signature W XYZ® bar, an outdoor pool, 600 square feet of meeting space, and a 24-hour fitness center. Guests can also enjoy weekly performances by local emerging musicians as part of the hotel’s Live@Aloft music series. In addition to its proximity to the Jacksonville International Airport, the hotel is near the River City Marketplace, a bustling shopping and entertainment complex.
Gehr Hospitality, a wholly-owned subsidiary of The Gehr Group, is a hospitality-focused investment firm based in Los Angeles, California. Gehr Hospitality and its affiliates own a wide range of hotel, nightlife, residential, and commercial real estate assets throughout the United States.
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