Hunter Completes Sale of Fairfield Inn in Ann Arbor, MI
Wednesday August 21st, 2013 - 10:08AM EG
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ATLANTA—The Fairfield Inn in Ann Arbor, MI, has been sold to a private investor. Atlanta-based Hunter Hotel Advisors represented one of the nation’s largest commercial real estate groups in the transaction of the hotel.
According to the company, a significant renovation is in the works for the hotel.
“This was an attractive acquisition because of the proximity to the University of Michigan and the strength of the Marriot brand, “ Teague Hunter, president of Hunter Hotel Advisors, said in a statement. “This was a very clean transaction and both parties were very pleased with the process.”
Tags: • Hospitality • Acquisitions • Construction/Renovation •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.