Avistone
Avistone Acquires 187-Room Courtyard Dulles Airport Herndon
Avistone | June 15, 2022
San Diego, Calif., June 15, 2022—Officials of Avistone today announced the company acquired the 187-room Courtyard Dulles Airport Herndon in Va. The company also named Youngbin Park vice president, lodging investments. “This Courtyard by Marriott hotel marks our first acquisition in Virginia. This market growth allows us to keep pace with the expansion of Dulles International Airport and the technical epicenter surrounding our nation's capital,” said Dan Culler, CEO, Avistone. “We are looking to continued growth in the hotel sector with additional acquisitions either on our own or in partnership with others.” Courtyard Dull...
Crestline Selected to Manage the Courtyard Dulles Airport Herndon
Crestline Hotels & Resorts | June 1, 2022
FAIRFAX, VA – June 1, 2022 Crestline Hotels & Resorts, LLC (“Crestline”) announced today that it has been selected to manage the 187-guestroom Courtyard Dulles Airport Herndon Virginia. The newly renovated hotel is located minutes from Washington Dulles International Airport (IAD) and provides guests with free airport shuttle service. The Courtyard Dulles Airport Herndon was recently acquired by an affiliate of Avistone, LLC (“Avistone”), a leading commercial real estate investment firm specializing in the acquisition and operation of multi-tenant industrial and hotel properties. “We are excited to partner w...
Avistone Completes Acquisitions of Hampton Inn & Suites Legacy Park—Frisco and Hotel Indigo Sarasota
Avistone | March 7, 2022
San Diego, CA — March 7, 2022 — Officials of Avistone today announced the completed acquisitions of the 105-room Hampton Inn & Suites Legacy Park—Frisco in Texas, and the 95-room Hotel Indigo Sarasota in Florida, both in the last quarter of 2021. Avistone is a rapidly growing commercial real estate investment firm with a successful track record in the acquisition and operation of multi-tenant, industrial properties and hotels nationwide. “With significant capital on the sidelines and certain owners realizing the industry has a year or two to go to reach pre-pandemic booking levels, it appears the acquisition dam is s...
Charlie Muller Named Managing Director of Newly Formed Avistone Hospitality Division
Avistone | February 2, 2021
DENVER, CO — February 2, 2021 — Officials of Avistone, a rapidly growing commercial real estate investment firm specializing in the acquisition and operation of multi-tenant, industrial properties nationwide, today announced that they have named industry expert Charlie Muller managing director of its newly formed hotel division, Avistone Hospitality. “With the travel industry facing continued headwinds, a number of owners are opting to divest their properties and portfolios versus riding out the troubled forecast,” said Richard Kent, president, Avistone. “This creates opportunity for investment firms such as our own. While we h...
