Hunter Hotel Advisors brokered the sale of the Homewood Suites by Hilton Chattanooga-Hamilton Place in Chattanooga, TN. The property was acquired in a joint venture by Pulse Hospitality and MD Hospitality from an institutional seller.
Located off I-75 in Hamilton County, TN, the property is situated within a major retail and commercial corridor near Hamilton Place Mall, Chattanooga Metropolitan Airport and Volkswagen Chattanooga. The area had a recent economic surge, fueled by a $4.5 billion investment into the city and the creation of 426,000 jobs across diverse industries, including healthcare and education. Ranked among the top 50 travel destinations, Chattanooga offers a number of leisure experiences serving home to Lookout Mountain, Tennessee Aquarium and Riverbend Festival—a four-day music attraction that draws more than 650,000 attendees annually.
The 76-key hotel features a variety of guestrooms and offers breakfast each morning, an outdoor pool and 24/7 access to an on-site fitness center.
Tim Osborne, SVP, Hunter, facilitated the transaction. “It was a pleasure to work with all parties on this sale,” he said. “Building on their previous acquisitions with Hunter, Pulse Hospitality will renovate the hotel to unlock value and better capture the growing extended stay demand in the market.”
