Middletown Holiday Inn to become Best Western

0

Middletown Holiday Inn to become Best Western

View CaptionHide Caption
A Holiday Inn Express in Middletown will become a Best Western.

The Holiday Inn Express in Middletown has been purchased by a real estate investment trust (REIT), an advisor for the trust said Monday.

Hunter Hotel Advisors said its Phoenix office represented a New York REIT in the sale of the Holiday Inn Express Middletown, at 6575 Terhune Drive. The sale price was not disclosed.

The property will be repositioned as a Best Western.

“Built in 1995 the new owners will spend over $1 million to re-brand the hotel,” Hunter Hotel Advisors said in a statement.

Hunter Hotel Advisors is a hospitality investment firm for clients ranging from REITs and private equity firms to regional hotel owners.

Since January 2014, Hunter says it has sold more than $2 billion in single assets and portfolio transactions.

View Comments 0

Weather and Traffic