Hilco Real Estate
Hilco Real Estate Announces the Sale of the Tru By Hilton Bryan College Station in Texas for $9.9 Million
Hilco Real Estate | January 5, 2023
NORTHBROOK, ILL (January 2023) – Hilco Real Estate (HRE) completed a successful sale of the Tru by Hilton Bryan College Station hotel for a total closing price of $9,900,000. Keith Worsham, senior vice president and head of the national hotel team at HRE, brokered the sale of the property on behalf of the seller, Wealth Hospitality. “Our team is happy to have helped our seller with this transaction resulting in $101,020 per key; and, at the same time, we were able to provide the buyer a new opportunity with the Hilton brand,” stated Keith Worsham. Located in Bryan, Texas, the property is well-positioned around Texas’ five major ...
With Deal Leverage Shifting to Buyers and Financial Sources, All Eyes are On Hospitality Prognosis for 2023
Keith Worsham | November 15, 2022
By Keith Worsham In this article we take a look at the shifting landscape of hospitality industry transactions as post-pandemic travel trends begin to reveal themselves and operators grapple with the ramifications of more than two years of RevPAR setbacks. A Post-Pandemic Comeback... Of Sorts Prospects for the hotel industry going into 2023 fall somewhere between somewhat rosy and risky. The hospitality industry gathered in mid-August at the 14th Annual Hotel Data Conference in Nashville, Tennessee to discuss the near-term outlook, and as the editors of Hotel News Now (HNN) shared, “Speakers…acknowledged that the industry still is...
MH Hospitality Acquires Newly-Constructed Holiday Inn Express in Huntsville for $13.9M
Hilco Real Estate | March 31, 2022
NORTHBROOK, IL - March 31, 2022 - Hilco Real Estate, LLC announces the successful sale of this newly constructed, 56,963 SF, four-story, 98-Room Holiday Inn Express Hotel on behalf of Wealth Hospitality Group. Sitting on 2.68 AC, this hotel sold to MH Hospitality for $13,950,000, totaling $142,346 per key room. This listing was marketed for a period of 30 days, bringing in prospective buyers who wanted to move quickly on this brand-new asset. The hotel includes two elevators, a 1,200 SF meeting space, outdoor pool and fitness center. Huntsville, Alabama has become the largest city in the state with a population of approximately 215...
Ridgeway Investment Management Acquires Residence Inn by Marriott Jackson for $13.1M From Wealth Hospitality Group
Hilco Real Estate | March 31, 2022
NORTHBROOK, IL - March 31, 2022 - Hilco Real Estate, LLC announces the successful sale of this 101,117 SF Residence Inn by Marriott Jackson on behalf of Wealth Hospitality Group. Sitting on three acres, this four-story, 92-room hotel sold to Ridgeway Investment Management, a 1031 buyer for $13,100,000, totaling $142,391 per key room. This listing was marketed to a small group of select buyers who wanted to move quickly on this well-kept hotel, which features two elevators, a meeting room, business center, fitness center, indoor pool, sports court, and an outdoor picnic area with barbeques for grilling. The Residence Inn – Jackso...
