Comfort Suites West Warwick Providence

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 88-suite Comfort Suites West Warwick Providence (the "Comfort Suites," "Hotel," or "Property"). Built in 2003, the four-story Hotel enjoys a convenient I-95 positioning at the gateway of the Warwick/Providence market and is surrounded by 11.8 million square feet of industrial space within a five-mile radius. Located along the northwest quadrant of Interstate 95 and Highway 2 (Exit 24A), the Hotel offers its guests convenient ingress and egress to the Interstate. Additionally, the Hotel is less than ten miles from T.F. Green Airport. The Hotel is also within proximity to major demand generators in Rhode Island such as downtown Providence, the RISD Museum, Brown University, the Providence Performing Arts Center, and the Rhode Island Convention Center, among others.

The Hotel is offered unencumbered of management and debt. A new owner possesses the opportunity to bring in a new management company or operate internally and seek to revamp the operational strategy of the Hotel, implement strategic cost control initiatives, and employ more aggressive yield management strategies. With no new supply on the horizon, the market offers an attractive in-place yield, and the Hotel's competitive set has posted trailing twelve-month RevPAR growth of over 9%, underscoring the strength of underlying demand. The broader submarket is similarly healthy, with trailing twelve-month RevPAR of almost $110 and ADR nearing $170. A new owner will also have the opportunity to oversee the completion of the PIP, which has been partially completed by current ownership, while the current Choice franchise agreement's expiration in March 2027 offers meaningful branding flexibility going forward. By leveraging a refreshed Hotel product, a new owner should see a significant return on their investment by way of increased performance in both the top- and bottom-line. A new owner has the opportunity to acquire a cash-flowing, all-suite Hotel that is unencumbered of management and debt, at a significant discount to replacement cost.