10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

JLL Announces Acquisition Closing of Atlanta and Memphis-Area Hotels

  • LODGING Staff
  • 4 December 2024
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by Lodging Magazine. Click here to read the original article

ATLANTA—JLL Capital Markets announced on behalf of Woodvale Opportunity Fund I the closing of a $25 million acquisition of the Southaven Marriott Portfolio, and the $11 million acquisition of the Fairfield Inn & Suites Buford.

The Southaven Portfolio includes the Courtyard Memphis Southaven (85 keys) and the Residence Inn Southaven (78 keys), both located in Southaven, Mississippi, part of the greater Memphis metropolitan area. The Fairfield Inn & Suites Buford includes 94 suites and is located in a northern suburb of Atlanta.

JLL worked on behalf of the buyer, Woodvale Opportunity Fund I, who purchased the portfolio from Chartwell Hospitality.

Built in 2007 and 2006 respectively, these hotels offer amenities catering to both business and leisure travelers. The Residence Inn features all-suite accommodations with full kitchens, hot breakfast, and an outdoor pool. The Courtyard boasts The Bistro restaurant, 609 square feet of flexible meeting space, and an indoor pool. Both properties provide 24/7 fitness centers internet access, flat-screen televisions, and workspaces in their rooms.

Advertisement

The hotels’ location off I-55 offers access to attractions, including Memphis International Airport, Downtown Memphis, Baptist Memorial Hospital DeSoto, and retail destinations like Southaven Towne Center Mall and Tanger Outlets Southaven.

Trending
Aimbridge adds president of select service division

“Our acquisitions of the Southaven Marriott Portfolio and the Fairfield Inn Buford underscore our commitment to adding high-quality, strategically located assets to our portfolio,” said Bashir Mansour, vice president of investments for Woodvale. “We expect these assets to deliver strong returns for our investors while supporting the growth of their respective local hospitality segments.”

The JLL Capital Markets team was led by Managing Director C.J. Kelly and Senior Director Bobby Norwood.

“Both the Southaven Marriott Portfolio and the Fairfield Inn Buford align perfectly with Woodvale’s strategy, allowing them to secure well-positioned assets with strong in-place yield while still offering further upside potential,” said Kelly. “Woodvale’s all-cash acquisition strategy afforded them the opportunity to acquire assets at pricing superior to market standards.”

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Mergers & Acquisitions

Braemar Hotels & Resorts Initiates Sale Process

  • LODGING Staff
  • 27 August 2025
View Post
  • Mergers & Acquisitions

Ashford Hospitality Trust Announces Two Sales

  • LODGING Staff
  • 26 August 2025
View Post
  • Mergers & Acquisitions

Paddy McKillen awarded £700m in dispute with Qataris over London hotels

  • Cynera Rodricks
  • 26 August 2025
View Post
  • Mergers & Acquisitions

The Castle Hotel in Tamworth sold to private investor 

  • Heather Sandlin
  • 26 August 2025
View Post
  • Mergers & Acquisitions

DoveHill Acquires White Barn Inn

  • LODGING Staff
  • 25 August 2025
View Post
  • Mergers & Acquisitions

Is Ennismore about to go public?

  • m.welsch
  • 25 August 2025
View Post
  • Mergers & Acquisitions

Hunter Hotel Advisors Arranges Sale of Home2 Suites by Hilton Wayne

  • LODGING Staff
  • 22 August 2025
View Post
  • Mergers & Acquisitions

HREC Facilitates Sale of Hampton Inn Denver-International Airport

  • Colin Tessier
  • 22 August 2025
Sponsored Posts
  • 2025 SOCIETIES Quaterly 3

    View Post
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • AI agents and direct bookings: A hotelier's dream? | Arlen Ritchie posted on the topic | LinkedIn
    • 27 August 2025
  • 𝐁𝐨𝐮𝐭𝐢𝐪𝐮𝐞 𝐡𝐨𝐭𝐞𝐥𝐬: 𝐘𝐨𝐮𝐫 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫 𝐢𝐬𝐧'𝐭 𝐁𝐨𝐨𝐤𝐢𝐧𝐠.𝐜𝐨𝐦. Had a GM call me last week, frustrated about Booking. com taking 23% commission on every… | Eduard Ruppel 爱德华 | 44 comments
    • 27 August 2025
  • Recreation at Moxy NYC Downtown Completes Redesign
    • 27 August 2025
  • Braemar Hotels & Resorts Initiates Sale Process
    • 27 August 2025
  • Why CDPs are the Backbone of Hospitality AI
    • 27 August 2025
Sponsors
  • 2025 SOCIETIES Quaterly 3
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.