Downtown SLC SpringHill Suites Trades Hands
Marcus & Millichap represented the seller and procured the buyer for the 86-key property, which is one of several Salt Lake City hotels to change hands recently.
By Ariela Moraru
SpringHill Suites, Salt Lake City
Marcus & Millichap has arranged the sale of a four-story, 86-key SpringHill Suites hotel in downtown Salt Lake City. This is the second Salt Lake City hotel that changed hands recently. The SpringHill Suites brand opened another property 17 miles south, an 111-key hotel in South Sudan, Utah, owned by District Hotel Partners LLC and managed by Sequoia Hospitality LLC.
Prime location
The hotel at 625 S. 300 W. is one mile from the crossroads of interstates 15 and 80 and seven miles from the Salt Lake City International Airport. The asset was built in 2006 and renovated in 2013. Property amenities include an indoor pool, fitness room and a 700-square-foot meeting space.
“Located near downtown’s many national and international businesses and well-positioned to receive incoming traffic from two interstate highways and the airport, the business mix for this hotel is a healthy balance of corporate and leisure travelers,” said Michael Francis, first vice president of investments in the firm’s Salt Lake City office.
Image courtesy of Marriott
You must be logged in to post a comment.