Alchemy Real Estate Advisors arranged the sale of the Hampton Inn Ft. Wayne-Southwest and Residence Inn Southwest in Fort Wayne, IN, on behalf of an institutional owner.
The buyer is a prominent private owner and developer in the Midwest with a sizable regional hospitality footprint, the company reports. The investor will retain the Hampton Inn and Residence Inn brands and plans to complete sizable PIPs to elevate the guest experience and reposition the hotels for long-term growth.
The hotels are situated along West Jefferson Boulevard. The location affords strong visibility, convenient regional access and proximity to a mix of medical, corporate and retail demand drivers, reinforcing the properties’ appeal to both business and leisure travelers, according to the company…