HOUSTON, TX, July 26, 2023: HVS Brokerage & Advisory announces the sale of the 104-key Hampton Inn Warrenton, located at 501 Blackwell Road, Warrenton, Virginia 20186. The property, built in 2008, was purchased by Guests, Inc., based in Strasburg, Virginia, from Highlands of Warrenton LLC, based in Warrenton, Virginia.
J.F. (Jay) Swart, III, Co-Managing Member of Highlands of Warrenton LLC, commented, “Our partnership group wanted to divest our only hotel asset and had an existing offer from a local group. Upon selecting HVS to list the property, the same buyer responded with a preemptive offer that was over 15% higher than their original offer. With the help of HVS, we closed this deal at a higher sale price in advance of going to market. We appreciate their transparent and thorough transaction process.”
The property benefits from its proximity to Washington, D.C., which has a worldwide reputation as a cosmopolitan city rich in museums, monuments, and culture. Its collection of corporate, government, and educational institutions supports an economy that is resilient to major downturns on a national level. The property is considered a premier lodging product for those visiting Warrenton and is currently ranked #1 of six hotels in the city, per TripAdvisor.
“This was another successful transaction that demonstrates HVS’s global hospitality expertise. The HVS Washington, D.C. office has a strong relationship with Highlands of Warrenton LLC. With only one hotel in the company’s significant real estate portfolio, they were not familiar with the nuances of the hospitality sales process, particularly in today’s real estate market. We supported them throughout the process. Guests Inc. is a local group that finalized the deal with strong terms in advance of going to market. Their preemptive offer provided certainty of closing, which is of the utmost importance in getting deals done today,” said Eric Guerrero, Senior Managing Director, Partner of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guerrero, James Rebullida, Fadi Rawashdeh, and Kyle Peterek participated in this transaction. Jennifer Stein Real Estate, Inc., a licensed Virginia real estate broker, served as broker of record for HVS Brokerage & Advisory.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
J.F. (Jay) Swart, III, Co-Managing Member of Highlands of Warrenton LLC, commented, “Our partnership group wanted to divest our only hotel asset and had an existing offer from a local group. Upon selecting HVS to list the property, the same buyer responded with a preemptive offer that was over 15% higher than their original offer. With the help of HVS, we closed this deal at a higher sale price in advance of going to market. We appreciate their transparent and thorough transaction process.”
The property benefits from its proximity to Washington, D.C., which has a worldwide reputation as a cosmopolitan city rich in museums, monuments, and culture. Its collection of corporate, government, and educational institutions supports an economy that is resilient to major downturns on a national level. The property is considered a premier lodging product for those visiting Warrenton and is currently ranked #1 of six hotels in the city, per TripAdvisor.
“This was another successful transaction that demonstrates HVS’s global hospitality expertise. The HVS Washington, D.C. office has a strong relationship with Highlands of Warrenton LLC. With only one hotel in the company’s significant real estate portfolio, they were not familiar with the nuances of the hospitality sales process, particularly in today’s real estate market. We supported them throughout the process. Guests Inc. is a local group that finalized the deal with strong terms in advance of going to market. Their preemptive offer provided certainty of closing, which is of the utmost importance in getting deals done today,” said Eric Guerrero, Senior Managing Director, Partner of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guerrero, James Rebullida, Fadi Rawashdeh, and Kyle Peterek participated in this transaction. Jennifer Stein Real Estate, Inc., a licensed Virginia real estate broker, served as broker of record for HVS Brokerage & Advisory.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, 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.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620