21 August 2024

HUNTER HOTEL ADVISORS ANNOUNCES SALE OF RESIDENCE INN MACON

Hunter Hotel Advisors ("HUNTER") announced today the successful sale of the Residence Inn Macon. Keshav Management purchased the property on August 8, 2024. HUNTER’s Mayank Patel, senior vice president, represented the institutional seller.

“We had a great experience working with Hunter Hotel Advisors, especially Mayank and his team on this acquisition,” stated Viraj Patel of Keshav Management.

Located off I-75 in the fourth largest city in Georgia, the 78-key Residence Inn Macon is near several significant demand generators, including the Georgia Sports Hall of Fame, Ocmulgee National Monument and Macon Coliseum. Macon is home to major corporations such as GEICO, Georgia Farm Bureau and YKK USA, which employ thousands of locals and frequently attract business travelers. Mercer University and Wesleyan College, with a combined student population of over 9,700, drive demand in the educational sector.

The Residence Inn Macon offers modern room accommodations featuring ergonomic desk essentials, high-speed internet and fully equipped kitchens. Guests enjoy access to an indoor pool, fitness center and complimentary breakfast.

“We are extremely happy to have consummated another transaction for our client,” said Patel. “The hotel was a strategic disposition for the seller and will also be an attractive addition to the buyer’s portfolio.”