Caption

Middletown Holiday Inn to become 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.

MORESolar panel maker has Dayton region in its sights

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.

Recommended for you

Recommended for you

Recommended for you

Most read

  1. 1 58 people indicted in Butler and Warren counties
  2. 2 Dog warden testifies: ‘Worst emaciated dog that was still a
  3. 3 A bar arcade is coming to Hamilton

More from Journal-news