For immediate release
[Selma, North Carolina – 07/10/2020]
Lodging Partners announces sale of the Hampton Inn
Selma/Smithfield I-95
Lodging Partners, LLC, a member of Hotel Brokers International, announces the sale of the Hampton Inn Selma/Smithfield. The 76-guestroom hotel is located on I-95 in Selma, North Carolina, has sold to a regional owner/operator of select-service hotels. Lodging Partners exclusively represented the seller on this transaction, with the marketing and negotiations led by Ford Barton, Principal of Lodging Partners, LLC.
The Hotel is well-located in Selma, North Carolina, within the Raleigh-Durham metropolitan region. The hotel has excellent visibility along I-95 at its junction with US-70, and US-70 provides access to Raleigh and top-rated North Carolina beaches. The Hotel is also proximate to many major companies, shopping and dining options, and numerous local attractions, including Carolina Premium Outlets.
“We were very pleased to assist the sellers in reaching their goals and objectives and close this transaction during the challenging environment of COVID-19,” said Ford Barton. “We successfully achieved the sellers’ desired results, even given the unique circumstances within the industry at this time,” continued Barton.
Other recent sales completed in 2020 by Lodging Partners include the Residence Inn – Durango, Colorado; and the Motel 6 – Jacksonville, North Carolina.
About Lodging Partners, LLC
Lodging Partners is a specialized hotel brokerage and advisory firm focused on the sale of select-service hospitality investment properties on behalf of institutional and private investors throughout the United States. Over the past 7 years, Lodging Partners has had an advisory role on 106 hotel assets with over $467 Million in sales. The firm offers a wide range of hotel real estate services, including brokerage, valuation consulting, and strategic acquisition planning and has an unwavering commitment to client service. In addition to selling hotels, Lodging Partners also coordinates the sale and purchase of hotel notes, arranges preferred equity & recapitalization, and manages auctions through the Ten-X platform, where the firm recently sold 10 hotels. Lodging Partners may be accessed online at www.lodging-partners.com.
About Hotel Brokers International
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. HBI is the founder and administrator of the Certified Hotel Broker Program, the real estate industry’s only professional designation program for hotel brokers. 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, HBI members and their hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
Contact:
Ford C. Barton, Principal
Lodging Partners, LLC
Charlotte, North Carolina
704.341.8488 | ford@lodging-partners.com
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315 | gwebb@hbihotels.com
