Courtyard in Gulfport, Miss., sold, to receive upgrade

Hunter Hotel Advisors announced today that the firm recently advised on the sale of the 148-room Courtyard by Marriott locayed along Beach Boulevard in Gulfport, Miss. Hunter represented seller Gulfview and arranged the sale of the asset to Schulte Hospitality.

The buyer will renovate the five-story property to represent Courtyard’s newly announced prototype for its brand.

“The buyer was attracted to the strength of the Marriott brand and the beachfront location,” said Teague Hunter, president of Hunter Hotel Advisors.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


“At Hunter, accelerated closings have become a new standard, as demonstrated by this asset closing in just 47 days,” said Trey Scott, VP of Hunter. “The strong economy and availability of financing have aided in the ability to expedite the sales process.”

The Courtyard is just east of the Gulfport Harbor and Marina and Highway 49, and is ideally situated at the primary entrance into the Gulfport area.

Hunter’s Capital Market group anticipates closing on more than $150 million in debt and equity financing by the end of the year.

Suggested Articles

While it may require some work to properly transition a property to appeal to the daily business “traveler,” the advantages are clear.

Unless Marriott pays Service Properties Trust $11 million, SVC plans to transition management and branding of 122 hotels to Sonesta.

The 132-room hotel’s interior design and branding, conceived by Hirsch Bedner Associates, were inspired by the history of the city of Burbank.