Evergreen Hospitality has acquired the Staybridge Suites Louisville–East, a 94-room, extended-stay hotel located in Louisville, KY. The property was sold by a private investment firm in a transaction brokered by David Perrin and Tim Osborne, SVPs, Hunter Advisors.
“We are grateful to have added another extended-stay hotel to our portfolio,” said a representative at Evergreen Hospitality. “We would like to thank all parties involved and are pleased to have completed a smooth and timely transaction. In particular, we commend David and Tim for their insight and professionalism in guiding the transaction from beginning to close.”
Positioned off Interstate 64, the hotel is situated within a dense corporate and industrial corridor, supported by nearby employers including the Papa John’s Quality Control Center and GE Appliance Park, with access to Louisville Muhammad Ali International Airport.
“Extended-stay remains a lodging segment that continues to attract investor interest,” said Perrin. “The property’s combination of solid location, stable demand drivers and defined operational upside reflects the broader appeal of this asset class.
Osborne added, “The buyer plans to execute a comprehensive renovation of the property to the latest Staybridge standards to increase market share.”
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The three-story hotel features suites equipped with full kitchens and offers complimentary breakfast, a 240-sq.-ft. meeting room, outdoor pool, fitness center, business center and on-site laundry facilities.
