SVN|Hotels announced that they have arranged the sale of the Holiday Inn Express & Suites in Lander, WY for $6.4M. The 78-unit hotel is very well located along a highly trafficked corridor. This transaction is in addition to the recent sale of the Hyatt Place in Midtown Raleigh and Days Inn downtown Raleigh by SVN|Hotels.
Sanjay Mundra, Bryan Robbins and Jerry Fiume of SVN|Hotels facilitated the deal between Lander Hotel Group of OH and Timberline Hospitalities of Wyoming. The new ownership group has plans to renovate the property and maintain the Holiday Inn license.
Wanda Rice of Lander Hotel Group complimented SVN|Hotels efforts and added “Sanjay, Bryan and Jerry took great care at all steps of this transaction and handled it in such a professional and efficient manner.”
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, call 919-789-5215.