SVN|HOTELS ARRANGES HOTEL DEAL IN DOWNTOWN RALEIGH, NC
New ownership group has plans to reposition the Days Inn Downtown Raleigh property as a Boutique Hotel that will be called The Longleaf Hotel
(Raleigh, NC) – SVN|Hotels is pleased to announce that it has arranged the sale of the Days Inn Downtown Raleigh, North Carolina for $6.5M. The 57-unit hotel is very well located along a highly trafficked corridor leading to downtown Raleigh. This transaction in is addition to the recent sale of the Hyatt Place in Midtown Raleigh by SVN|Hotels.
Sanjay Mundra and Kevin A. Mishra of SVN|Hotels facilitated the deal between Regency Investments, LLC and Loden Properties. The new ownership group has plans to reposition the property as a Boutique Hotel that will be called The Longleaf Hotel.
Russ Jones, CEO of Loden Properties complimented SVN|Hotels efforts and added “Sanjay and Kevin were instrumental in making this transaction happen and handled everything professionally”.
SVN|Hotels are hotel brokerage specialists who have successfully negotiated and sold more than 50 hotel real estate transactions in all full and select-service hotel sales across the United States. The organization is currently marketing several hotels nationwide. Among them are Town Place Suites by Marriott, Charlotte, NC; Hilton Garden Inn, Cleveland, Ohio; and Holiday Inn Express, Lander, Wyoming; pre-approved land for franchised hotel developments, including a 1.27-acre site on Arrow Drive at Crabtree Valley Mall and 2.48 acres by Cracker Barrel on Airport Blvd – both in the Triangle markets.
In addition to hospitality real estate advisory services, SVN|Hotels is a partner with Coldwell Banker Howard, Perry and Walston, who have been leaders in the Triangle area residential real estate for over 40 years. Don Walston and Sanjay Mundra also launched HPW Commercial in 2012 to service commercial deals.
For more information about SVN|Hotels, visit www.svnhotels.com, or call 919-789-5215.
ABOUT SVN|HOTELS:
SVN|HotelsSM 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. The seasoned hotel professionals of SVN|Hotels know the best way to meet the needs of the market is to be easily accessible, knowledgeable, responsive and transparent. Our 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 offers a national reach with local expertise across all aspects of the hospitality spectrum. With offices in more than 21 cities strategically located throughout the United States, and more than 35 seasoned hospitality professionals with regional market knowledge, 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. To learn more about SVN|Hotels, visit www.svnhotels.com.
