NewcrestImage has acquired the full-service DoubleTree Suites by Hilton Hotel Columbus (Ohio) Downtown. The deal was brokered by Hunter Hotel Advisors, with Senior Vice Presidents Tim Osborne and Spencer Davidson representing the institutional seller. The asset price was not disclosed.
“This acquisition underscores our continued appetite for transactions that offer strong growth potential in both market share and asset value,” Mehul Patel, managing partner and CEO of NewcrestImage said in a statement.
The 15-floor property has 194 all-suite guestrooms with some of the largest square footage of any hotel in the Columbus market.
“The DoubleTree deal marks the second transaction of a full-service, value-added hotel that Hunter has successfully closed in the past three months and we have our eyes on several others,” Davidson added. “This trend echoes the continuing demand for high-quality assets in dynamic markets, and we’re thrilled to have facilitated this deal with buyer who is poised to enhance the property’s value and appeal.”
The hotel is close to the Ohio State Capital complex and the Greater Columbus Convention Center, is two miles from Ohio State University and seven miles from Columbus International Airport. Amenities include a business center, a fitness center, a lounge and a full-service restaurant, The Presidents Dining Room. The property also has almost 7,000 square feet of flexible conference space.