Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the DoubleTree by Hilton Jamestown. The 2019, over $14 million redevelopment of the eight-story hotel featuring 147 rooms is being offered fee simple, unencumbered by management, through a Call for Offers. The seller is an institutional owner, and the transaction represents a bank short sale at a value significantly below redevelopment and replacement cost. Upon transfer of ownership, the property will receive a new long-term relicense with Hilton upon completion of a Soft PIP. The hotel offers significant upside potential through optimized revenue management, including a reducing ADR to drive increased occupancy and optimize RevPAR. The Doubletree Jamestown Generates revenues exceeding $3.8 Million providing investors a solid platform to increase NOI through hands-on Managment. The hotel represents a like-new Upper Midscale Hilton-branded product at an attractive basis. The seller is highly motivated and will consider all offers.