Hilton Garden Inn Providence Airport/Warwick_Property for Sale
Hilton Garden Inn Providence Airport/Warwick_Property for Sale
1 Thurber Street , Warwick, RI, 02886, US

Hilton Garden Inn Providence Airport/Warwick

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer, on an exclusive basis, the fee simple interest in the 166-room Hilton Garden Inn Providence Airport Warwick (the “Hotel” or “Property”). Through September of 2023, the owner has invested nearly $6.0 million (~$35,000/key) into the Hotel. The on-property amenities include an indoor pool, fitness center, on-site restaurants, and meeting space.


The Hilton Garden Inn Providence Airport Warwick offers investors the opportunity to acquire a recently renovated, Hilton-branded hotel in Warwick, Rhode Island. The Property benefits from strong in-place cash flow. The Hotel is being offered unencumbered by management and at a significant discount to replacement cost in the high-barrier New England hospitality market.


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Attributes

Number of units
166 units
Year built
2005
Year renovated
2021
Land area gross
0.93 ha

Media

Investment highlights

  • Convenient Rhode Island Location
  • Access to Diverse Demand Drivers
  • Recently Renovated Hotel
  • Industry-Leading Hilton Brand Affiliation
  • Strong In-Place Cash Flow
  • Unencumbered by Management


Hilton Garden Inn Providence Airport/Warwick 4_Property for Sale
Hilton Garden Inn Providence Airport/Warwick 4_Property for Sale

Contact brokers

Hilton Garden Inn Providence Airport/Warwick (0 Properties)

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Last updated
Mar 14, 2024