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| TownePlace Suites Henderson, 1471 Paseo Verde Parkway. Henderson, NV |
LAS VEGAS, NV –– Holliday Fenoglio
Fowler, L.P. (HFF) announces the sale of a two-property select-service
hotel portfolio totaling 228 rooms in the affluent Las Vegas suburb of
Henderson, Nevada.
The HFF team arranged the sale on behalf of the
seller, a joint venture of Brickstar Capital and Solana Company. Twenty
Four Seven Hotels managed the hotels for the seller.
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| Jules Sherwood |
The Henderson portfolio comprises two, adjacent
four-story hotels, the 120-room SpringHill Suites Henderson, located at 1481
Paseo Verde Parkway, and the 108-room TownePlace Suites Henderson, located at
1471 Paseo Verde Parkway.
Both hotels opened in 2009 and were renovated
in 2016 as part of a comprehensive property improvement
plan.
SpringHill Suites features a fitness center, business center,
breakfast and lounge area, indoor pool, whirlpool and meeting space.
TownePlace Suites features a fitness center, business center and breakfast and
lounge area along with a new outdoor pool, whirlpool, barbeque and lounge area.
The hotels are located along Interstate 215 in Henderson, the second-largest
city in Nevada, providing convenient access to a diverse set of local
corporate, government and transit-demand drivers. The portfolio also
benefits from its proximity to the famed Las Vegas Strip (14
miles) and McCarran International Airport (10 miles).
The HFF investment advisory team representing
the seller consisted of managing directors Scott Hall and Jules Sherwood.
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| Scott Hall |
“This sale highlights the significant
institutional investor interest in and around Las Vegas,” Hall said. “The
underlying fundamentals for the market are exceptionally strong and should
support outpaced RevPAR growth relative to other major MSAs across the
country.”
For more information, please contact:
KIMBERLY STEELE
HFF Digital
Content/Public Relations Specialist
(713) 852-3420
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