Lodging Dynamics Hospitality Group (LDHG) is expanding into the Montana market through the acquisition of the Missoula, Mont., Courtyard by Marriott. The acquisition was completed with the company's affiliate, BN1 Missoula, managed by Kurt Christensen. The acquisition is a 92 room Courtyard by Marriott, which won the 2013 Courtyard by Marriott Renovation of the Year award.
This is one of many acquisitions made by LDHG through one of its affiliate equity funds. It is the third in a string of Courtyard by Marriott properties the Company manages including the landmark Courtyard by Marriott in Laie, Hawaii opening this summer and the new Salt Lake City Courtyard by Marriott opening in September.
LDHG owns and operates branded, select-service and extended-stay hotels throughout the United States with hotels as far west as Hawaii and extending to Illinois. This is its first entry into Montana.
The Missoula Courtyard by Marriott represents Lodging Dynamics twentieth hotel acquisition since 2009. Lodging Dynamics has one other acquisition under contract and four hotels under construction.
The off-market Missoula acquisition was represented by Lloyd Farley of Paramount Lodging, Lodging Dynamics buyer's broker in Phoenix with Michael Francis and Wes Christensen of Marcus and Millichap, the Company's buyer's broker in Salt Lake City.