
Fairfield Inn & Suites Spartanburg Downtown
150 East Saint John Street, Spartanburg, SC, 29306, US
JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 150-room Hilton Garden Inn Louisville Mall of St. Matthews (the “Hotel” or “Property”). This premium-branded Hotel is located approximately nine miles east of downtown Louisville, directly adjacent to the Mall of St. Matthews, which features over 120 premier retailers.
The Property strategically fronts Interstate 264, providing direct access to the 519-bed Baptist Health and 413-bed Norton’s Women’s & Children’s Hospitals, two of the highest rated medical centers in the area. Additionally, the Hotel is proximate to a number of the region’s largest employers including Yum! Brands, Papa John’s, UPS, GE Appliance, and Ford Motor Company. This opportunity provides the ability to acquire a relatively new, premium-branded select-service hotel that is out-performing its previous peak performance levels. The Property provides stabilized in-place cash flow through improved market fundamentals, substantial market growth, PIP-required renovations, and institutional hands-on management. The Hotel is being offered unencumbered by management, free and clear of debt, and at a substantial discount to replacement cost.