NewcrestImage has acquired the full-service DoubleTree Suites by Hilton Hotel Columbus Downtown in Ohio. The deal was brokered by Hunter Hotel Advisors, with Senior Vice Presidents Tim Osborne and Spencer Davidson representing the institutional seller.
“This acquisition underscores our continued appetite for transactions that offer strong growth potential in both market share and asset value,” said Mehul Patel, Managing Partner and CEO of Dallas-based NewcrestImage.
Located in the heart of downtown, the 15-floor DoubleTree Suites features 194 all-suites guestrooms with some of the largest square footage of any hotel in the Columbus market. Each suite appeals to both corporate and leisure travelers by offering two-rooms for separate living, sleeping, and kitchenette areas.
“The DoubleTree deal marks the second transaction of a full-service, value-added hotel that Hunter has successfully closed in the past three months and we have our eyes on several others,” added the company’s Senior Vice President Davidson. “This trend echoes the continuing demand for high-quality assets in dynamic markets, and we’re thrilled to have facilitated this deal with buyer who is poised to enhance the property’s value and appeal.”
The 4-star DoubleTree is convenient to the Ohio State Capital complex and the Greater Columbus Convention Center, and is just two miles from Ohio State University and seven miles from Columbus International Airport. Amenities include concierge services, business center, fitness center, lounge, and an elegant full-service restaurant, The Presidents Dining Room. The property also offers almost 7,000 sq. ft. of flexible conference space.
