which traded for $65 million the San Francisco-based KHP Capital Partners DoubleTree by Hilton Sale Began as a Reverse Inquiry
It was a situation where we had thought about potentially selling the hotel, we had really looked at a wholesale analysis and looked at the upcoming capital investment that would be necessary to potentially reposition that hotel, and with the reverse inquiry, we thought there clearly was sufficient amount of interest in doing something with the hotel that had those characteristics.
Positive RevPAR A Hire from JBG Cos. which traded for $65 million the San Francisco-based KHP Capital Partners DoubleTree by Hilton Sale Began as a Reverse Inquiry
It was a situation where we had thought about potentially selling the hotel, we had really looked at a wholesale analysis and looked at the upcoming capital investment that would be necessary to potentially reposition that hotel, and with the reverse inquiry, we thought there clearly was sufficient amount of interest in doing something with the hotel that had those characteristics.
Positive RevPAR A Hire from JBG Cos.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
