Lodging Partners brokers sale of Charlotte Four Points

Four Points Charlotte, N.C.

Lodging Partners arranged the sale of the 132-room Four Points Charlotte located in Charlotte, N.C.

Charlotte is home to one of the largest entertainment, office and retail districts in the Southeast, as well as the second-largest financial center in the U.S. The hotel is situated off of I-77, and is proximate to many of the area’s primary demand generators, including Charlotte Douglas International Airport, Belk’s corporate headquarters and SouthPark Mall. The Hotel is less than four miles from downtown Charlotte, which is home to the Charlotte Convention Center, NASCAR Hall of Fame, Bank of America Stadium and Time Warner Cable Arena.  

Ford C. Barton, principal at Lodging Partners, exclusively represented the seller, a Chicago-based group, on this transaction. "We are delighted to have structured a successful sale of this asset with a very qualified Buyer that is adding this property to their existing Marriott portfolio,” Barton said in a statement.  

This acquisition offered Gehr Hospitality, headquartered in Los Angeles, an opportunity to purchase a high-quality asset with strong trailing cash flow and a Marriott brand affiliation.