A Trio of Hotel Acquisitions

NATIONAL REPORT—Three hotels have recently changed hands. Noble Investment Group, Stonebridge Companies and McNeill Hotel Investors have all completed acquisitions:

Noble Acquires Dual-Brand in Denver
Noble Investment Group has acquired the Hampton Inn & Suites Downtown Denver and Homewood Suites by Hilton Downtown Denver. The Hampton Inn & Suites Downtown Denver and Homewood Suites by Hilton Downtown Denver have a combined 302 guestrooms and suites, an indoor pool, food and beverage options and more than 7,000 sq. ft. of meeting space. The hotels are situated between the Colorado Convention Center and Denver’s 16th St. Pedestrian Mall which connects to Union Station, a multimodal transportation hub with direct-rail connection to Denver International Airport.

Stonebridge Companies Acquires Le Méridien New Orleans
Stonebridge Companies, in partnership with an affiliate of Walton Street Capital LLC, has acquired the 410-room Le Méridien New Orleans hotel. The acquisition is the group’s third in the New Orleans market and second in just more than 12 months, having purchased the Embassy Suites by Hilton New Orleans in late 2018. Le Méridien is located close to Harrah’s New Orleans Casino, the French Quarter, Bourbon St. and the Warehouse Arts District. Amenities include a fitness center, rooftop pool, on-site restaurants, a business center and more than 13,000 sq. ft. of event space.

McNeill Acquires Hyatt Place in Huntsville, AL
McNeill Hotel Investors has acquired the newly built 131-room, upscale, select-service, Hyatt Place Huntsville/Research Park, AL, adding to the company’s growing portfolio as its fourth property in the state. The Hyatt Place Huntsville/Research Park has food and beverage options, a business center, meeting space, outdoor pool, and fitness center. The property is located within the Bridge Street Town Centre, a mixed-use lifestyle center in Huntsville with more than 80 shops and restaurants. The acquisition by McNeill Hotel Investors was facilitated by capital secured by McNeill through New York-based Almanac Realty Investors LLC.