Lodging Partners announces sale of three Mid-Market, Extended-Stay Hotels

For immediate release
[North Carolina – 06/18/2021]

Lodging Partners announces sale of three Mid-Market, Extended-Stay Hotels

Lodging Partners, LLC, a member of Hotel Brokers International, has announced the sale of three mid-market extended-stay hotels, the Affordable Corporate Suites located in Concord, North Carolina, Statesville, North Carolina, and Kannapolis, North Carolina. Ford C. Barton, Principal of Lodging Partners, LLC, coordinated the marketing and negotiations on these transactions.

This portfolio of extended stay hotels is located across multiple markets in North Carolina and provides the Buyer significant in-place cash flow in good growth markets.

“We continue to see strong investor interest in hotels throughout the Carolina region and remain bullish on the long-term secular trends in our industry. Lodging Partners has multiple other properties under contract and, provided the recovery remains consistent, we believe 2021 should be a healthy year for hotel transactions,” noted Ford Barton.

If you own a hotel in the Southeast and would consider offers to purchase your property, now is an incredible time to explore your options before the potential change in capital gains tax. Lodging Partners is seeing high levels of interest from Buyers seeking hospitality investments in all sizes, areas, and price ranges.

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 over $475 Million in recent hotel transactions across most major hotel brands, including: Marriott, IHG, Best Western, Choice Hotels, Wyndham, and Radisson Hotel Group.  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

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