For immediate release
[Carrollton, Kentucky – March 23, 2022]
Huff, Niehaus Closes Sale of Hotel and Vacant Land
Huff, Niehaus & Associates, Inc. is pleased to announce the successful sale of the Quality Inn and adjacent four acres of commercial use land located in Carrollton, Kentucky. Brandt Niehaus, President of Huff, Niehaus & Associates, Inc., and member of Hotel Brokers International worked closely with the Seller and Buyer in this transaction.
The 62-room hotel is conveniently located off Interstate 71 midway between Louisville, Kentucky and Cincinnati, Ohio. It was sold to an experienced hotel owner/operator group with other franchise hotels. The hotel will be refreshed to new Choice standards. “Due to the location of the asset, the hotel has significant upside potential remaining for the new owner through capital improvements and maintaining property operations. The commercial use land is ideal to build hotel, restaurant, office, etc.,” said Niehaus.
Brandt Niehaus, President of Huff, Niehaus & Associates, Inc. based in Louisville, KY, is a licensed broker in Alabama, Indiana, Kentucky, Massachusetts, Ohio, and Tennessee. He earned the coveted Broker of the Year award in 2018, 2017 and 2014 and is a thirteen-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 brokerage services, Broker’s Opinions of Value, expert witness testimony and development consultation. Huff, Niehaus can be found 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 around the world. 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’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
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For more information contact:
Brandt Niehaus CHB, CCIM
Huff, Niehaus & Associates, Inc.
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri