3-property Hampton Inn portfolio changes hands

Denver-based Walker Reynolds recently acquired the Hampton Inn Des Moines (Iowa) West along with two other Hampton properties. Photo credit: Hilton

HREC Investment Advisors arranged the sale of a three-property portfolio: the 122-guestroom Hampton Inn Appleton-Fox River Mall Area located in Wisconsin, the 119-guestroom Hampton Inn Milwaukee/Brookfield located in Wisconsin and the 135-guestroom Hampton Inn West Des Moines located in Iowa. Denver-based Walker Reynolds acquired this select-service portfolio.

HREC Investment Advisors exclusively represented the seller, affiliates of The Raymond Group and North Central Group, both headquartered in Madison, Wis., during the transactions. “The hotels represented an exceptional opportunity to acquire high-quality investment-grade Hilton select-service hotels from the original developers,” said Mike Cahill, HREC CEO/founder. “The marketing process generated significant interest and as a result we were able to secure favorable pricing and terms for our seller.”

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.