NexPoint has launched NexPoint Lodging II DST, a Delaware Statutory Trust (DST) offering comprised of hotels located in Glastonbury, CT, and Bradenton, FL. The offering, the company’s second dedicated hospitality DST vehicle, provides accredited investors with access to a two-property, nationally branded hospitality portfolio.
NexPoint Lodging II DST includes the Homewood Suites Hartford South – Glastonbury, an upscale extended-stay property, and the Courtyard by Marriott Bradenton–Sarasota Riverfront, a premium select-service hotel on the Manatee River. Together, the properties offer complementary exposure to extended-stay and select-service hotel demand across two distinct markets: the Hartford, Connecticut MSA and the North Port–Bradenton–Sarasota, Florida MSA.
The two properties are positioned to capture a broad mix of extended-stay, business and leisure travel activity. The portfolio’s composition mitigates single-market concentration while providing exposure to a range of demand drivers across both regions. The offering size is approximately $81.6 million.
The portfolio’s recent and planned property improvements are intended to enhance asset quality, support competitive positioning, and drive operating performance, according to the company. Homewood Suites Hartford South – Glastonbury completed a comprehensive renovation in May 2024, including upgrades to guestrooms, common areas and amenities, which is expected to reduce near-term CapEx needs and support operating performance. Planned capital improvements at the Courtyard by Marriott Bradenton–Sarasota Riverfront include guestroom and common-area renovations designed to enhance product quality, maintain competitive positioning, expand experiential offerings and pursue incremental revenue opportunities.
Both properties are managed by Dreamscape Hospitality, which provides on-the-ground operational oversight, revenue management and asset-level execution across the portfolio.
NexPoint has sponsored DST/1031 exchange offerings for nearly 10 years, building a platform that has completed more than $3.2 billion in acquisitions. Lodging II DST is NexPoint’s 34th DST offering.
