RHG, Aspect Acquire 4-Property Hotel Portfolio
- Sep 11, 2018
A joint venture between Real Hospitality Group and Aspect Investment Partners Ltd. has purchased a four-property hotel portfolio. This deal represents an expansion of ownership and management into three new markets: Nashville, Tenn., Phoenix and Denver. RHG will manage the portfolio, which comprises a total of 461 keys.
The assets are the Hilton Garden Inn and the Hampton Inn in Nashville/Smyrna, the Hyatt Place Phoenix North and the Aloft Broomfield Denver. This purchase brings RHG’s portfolio of owned and managed properties to 105 hotels across 15 states. The joint venture represents Aspect’s third hospitality investment platform, bringing its portfolio total to 19 hotels across 16 states.
“We are excited about our partnership with Aspect and believe that these four properties in these key locations are aligned with our strategic growth plan to acquire institutional-grade hotel properties in dynamic markets as we continue to expand our footprint across the country,” said Ben Seidel, president & CEO of Real Hospitality Group, in a prepared statement.
Located at 2631 Highwood Blvd. in Smyrna, the Hilton Garden Inn Nashville/Smyrna offers 112 keys. Situated between Nashville and Murfreesboro, the property offers free Wi-Fi, a five-hole putting green, more than 1,700 square feet of meeting space, a 24-hour fitness center, a business center, a 24-hour pavilion pantry, an indoor heated pool and the Garden Grille & Bar on-site restaurant. Nearby attractions include the Grand Ole Opry, Nashville Shores and Battle of Stones River Civil War site.
Standing at 2573 Highwood Blvd. in Smyrna, the Hampton Inn & Suites features 83 guestrooms. Located 15 minutes from Nashville off of Interstate 24, the hotel offers 1,176 square feet of meeting space, a 24-hour convenience store, an indoor pool, free Wi-Fi, a fitness center and complimentary breakfast. Nearby attractions include the Heritage Center, the Sam Davis Home and Museum and the Country Music Hall of Fame.
Situated at 10838 N. 25th Ave., the pet-friendly Hyatt Place Phoenix North offers an outdoor pool, 24-hour gym and business center, meeting facilities, free Wi-Fi, 24-hour gallery market and a Coffee to Cocktails Bar. Nearby attractions include the Martin Auto Museum, Musical Instrument Museum, Wet n’ Wild water park and Chase Field.
Located at 8300 Arista Place, the Aloft Broomfield Denver is situated in between Denver and Boulder. The pet-friendly hotel includes a grocery shopping service, free Wi-Fi, car rental, Grab-n-Go breakfast, 3,128 square feet of meeting space, the signature re:fuel by Aloft and W XYZ Bar, a re:charge gym, a splash indoor pool, a re:mix lounge and a business center. Nearby attractions include the Broomfield Event Center and Interlocken Business Park.
Last summer, Real Hospitality Group was tapped to manage a 132-key Four Points by Sheraton hotel in Charlotte, N.C. The property was purchased by Gehr Hospitality, a division of The Gehr Group.
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