July 21, 2017 (Raleigh, NC) – Under the leadership of Don Walston and Sanjay Mundra, SVN|Hotels has announced the sale of The Fairfield Inn & Suites by Marriott RDU, Morrisville, North Carolina.
The Fairfield Inn & Suites RDU is a 112 room, 5 story hotel located adjacent to the Raleigh Durham International Airport. SVN|Hotels exclusively represented the seller and handled the sale of the property.
“We were extremely pleased with the entire transaction process, as it was professionally handled by the dedicated team at SVN|Hotels” said Doyle Parrish, CEO of Summit Hospitality. Sanjay Mundra and Bryan Robbins led the SVN|Hotels team on this transaction.
The Focus Properties, Inc. of Raleigh acquired the property on June 20, 2017.
For more information about SVN|Hotels, contact Sanjay Mundra, CEO at 919-573-8638 or visit www.svnhotels.com
With a team of industry leaders, a leading-edge deal matching technology platform, and an expansive reach with 21 offices coast-to-coast, SVN|Hotels specializes in working with owners and investors of all sizes, from large institutions with multiple properties to private owners with single assets. SVN|Hotels offers a variety of hotel investment services including brokerage, valuation and advisory, acquisition strategy and advice, disposition implementation, access to capital markets and franchise advice and relations. SVN|Hotels offers a national reach with local expertise across all aspects of the hospitality spectrum, with offices in more than 20 cities strategically located throughout the United States, and more than 35 seasoned hospitality professionals with regional market knowledge. The SVN|Hotels team is dedicated to accessibility, knowledge, responsiveness and transparency. Their top priority is to provide clients transparent, unbiased advice that enables them to achieve the greatest return on their investment while at the same time, incurring the lowest possible risk. SVN|Hotels understands the specific factors which impact the acquisition and disposition of hospitality properties from coast-to-coast. Our expert hospitality professionals are available where you are and where you want to be. SVN|Hotels and its affiliates have been responsible for brokering 42 hotel transactions in the past 12 months in 18 different states. For more information, visit www.svnhotels.com.