Waramaug Hospitality, a privately-held investment firm, has purchased two hotels in Alabama, acquiring the Hilton Garden Inn Huntsville South/Redstone Arsenal from the Boulevard Hotel Co. and the Hampton Inn & Suites Athens I-65/Huntsville Area from Kelli Drive Hotel Co.
The purchase prices were not disclosed. Both properties will be managed by Terrapin Hospitality.
The 102-room Hilton Garden Inn has an indoor pool, a deck area, a fitness center, a business center and a guest laundry. It also has 2,100 square feet of meeting space. It is 15 minutes from Redstone Arsenal, a garrison housing various governmental organizations, including NASA Marshall Space flight Center, Missile Defense Agency, and Army Aviation and Missile Command.
The 88-suite Hampton Inn & Suites has an indoor pool, a fitness center, a business center and 650 square feet of meeting space. The property is 3 miles from the Athens city center, with easy I-65 access. The property is within walking distance of local restaurants and a short distance from Southern Gayles Golf Course, Canebrake Country Club and the Alabama Veterans Museum.
"Both of these properties showed strong performance during the pandemic and fit well into our investment criteria," said Craig Nussbaum, EVP of acquisitions at Waramaug Hospitality. "We are excited to enter the booming Huntsville market and are planning a comprehensive renovation of both assets to ensure they maintain their status as market leaders."