Huff, Niehaus & Associates, Inc., a member of Hotel Brokers International, recently sold a 583-room portfolio of five extended-stay hotels in Kentucky and Indiana.
The portfolio consisted of three Candlewood Suites and two Suburban Extended Stays. The hotels were purchased by a Chicago-based investment firm for a final sale price of $36.72 million. Funding was secured through Arbor Commercial Mortgage, LLC.
H. Brandt Niehaus, President of Huff, Niehaus & Associates, Inc., exclusively listed and marketed the five assets for the seller.
