Keyword: McNeill Hotel Company
The company acquired the 124-room Hampton Inn & Suites by Hilton and the 117-room Springhill Suites by Marriott.
The acquisition was facilitated by capital recently secured by McNeill through New York-based Almanac Realty Investors.
The 95-room Home2 Suites by Hilton Gainesville was completed in 2016, and is located near the University of Florida.
McNeill has big plans for expansion into secondary and tertiary markets within the U.S. thanks to a $150-million deal with Almanac Realty Investors.
The investment will allow McNeill to double the size of its portfolio through the acquisition, development and management of select-service hotels.
The portfolio comprises 323 rooms, and the hotels are located in Idaho and Utah.
The property, which is part of an upscale mixed-use development, has 133 guestrooms.
Scheduled to open in spring 2018, the Homewood Suites—Athens will be located on the eastern edge of downtown.