Houston, TX, May 21, 2019: HVS Brokerage & Advisory has arranged the sale of the Days Inn & Suites Houston Northwest Cypress on behalf of Jay Digeswari Inc. to ARDA Hospitality Inc. for an undisclosed price.
“We have a strong relationship with Jay Digeswari, Inc., and its principals. HVS has executed multiple transactions for the company during 2019, and we explored every possible avenue to complete this transaction,” said Eric Guerrero, Managing Director of HVS Brokerage & Advisory, who spearheaded the deal. “The level of investor interest was high. The Days Inn & Suites generated significant interest because it is newly built and in a strong submarket that is rebounding well from the Houston-area challenges encountered in the last two years,” continued Guerrero.
HVS generated tremendous response to the Days Inn & Suites, as demonstrated by the company’s receipt of six qualified written offers. The Days Inn & Suites Houston Northwest Cypress features an attractive location in Northwest Houston, with local demand generators including the 175-bed North Cypress Medical Center, RTIC Coolers, Siemens Energy, Northwest Lake Business Park, and Aberdeen Business Park. These demand generators heightened the interest from the buyer. “We anticipate that both the seller and the buyer will be highly satisfied with this execution,” concluded Guerrero.
About HVS Brokerage & Advisory
The Brokerage & Advisory Division is a specialized group within HVS that offers brokerage, debt and equity financing, and investment search services focused exclusively on the hospitality industry. With a global footprint and over 40 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want. As of May 2019, the group has ten engagements in excess of $150 million that it is actively marketing for sale; additionally, another four assets are under contract and anticipated to close soon.
+1 (720) 244-7620