NewcrestImage has acquired the full-service DoubleTree Suites by Hilton Hotel Columbus Downtown in Columbus, OH. The deal was brokered by Hunter Hotel Advisors, with SVPs Tim Osborne and Spencer Davidson representing the institutional seller.
“This acquisition underscores our continued appetite for transactions that offer strong growth potential in both market share and asset value,” said Mehul Patel, managing partner/CEO, NewcrestImage.
Located downtown, the 15-floor property features 194 suites with some of the largest square footage of any hotel in the Columbus market, according to NewcrestImage. Each suite offers two rooms for separate living, sleeping and kitchenette areas.
“The DoubleTree deal marks the second transaction of a full-service, value-added hotel that Hunter has successfully closed in the past three months, and we have our eyes on several others,” said Davidson. “This trend echoes the continuing demand for high-quality assets in dynamic markets, and we’re thrilled to have facilitated this deal with a buyer who is poised to enhance the property’s value and appeal.”
The hotel is located near the Ohio State Capitol complex and the Greater Columbus Convention Center, and is two miles from Ohio State University and seven miles from Columbus International Airport. Amenities include concierge services, a business center, a fitness center, a lounge and a full-service restaurant. The property also offers almost 7,000 sq. ft. of flexible conference space.
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