WASHINGTON, Oct. 13 /PRNewswire/ -- Hunter Realty, a leading national hotel investment advisory firm, today announced that it brokered the sale of the Holiday Inn & Suites, Front Royal, Va. at 111 Holiday Drive. The two-year-old property is a new Holiday Inn & Suites prototype and was purchased by Jericho, N.Y.-based Navika Capital Group, LLC for an undisclosed price.
The award-winning 124-room property has ranked consistently in the brand's top three hotels nationally in overall guest satisfaction. Located near Skyline Drive and the Blue Ridge Parkway, the hotel features mountain views, a Houlihan's Restaurant + Bar, indoor pool and approximately 5,000 square feet of meeting space.
Kyle Stevenson of Hunter Realty's Washington D.C. office managed the transaction. "We had a high level of interest and a multitude of offers presented by investors interested in acquiring the hotel," he said. "We believe this reception from buyers indicates a significant amount of pent-up demand for quality hotels in excellent condition."
"We see a slow but steady increase in listings, which is further evidence that hotel real estate continues to recover," said Teague Hunter, President of Hunter Realty. "All seven of our offices nationwide report strong buyer interest and an improving lending environment."
About Hunter Realty Associates, Inc.
Hunter Realty, founded in 1978, has offices in Atlanta, Ga., Washington, D.C., Dallas, Texas, Los Angeles, Calif., Minneapolis, Minn., Miami, Fla., and Chicago, Ill. Hunter's exclusive focus is on hotel investment advisory and financing. For more information or to view current listings, please visit www.hunterhotels.net. Contact us at our headquarters at 770-916-0300 or our Washington, D.C. area office at 301-215-7507.
Patrick Daly, Jerry Daly media
SOURCE Hunter Realty