ATLANTA, Georgia—Hunter Advisors (Hunter) introduced the sale of the Renaissance Columbus Downtown Hotel, a 408-room, full-service lodge situated in downtown Columbus, Ohio. The property was bought by JW Marriott Household Enterprises to Whitestone Corporations in a transaction brokered by Robert Taylor, govt vp, and Sophia Pittaluga, senior vp, at Hunter.
“This was a posh, high-profile downtown transaction that required considerate positioning and disciplined execution,” mentioned Robert Taylor, govt vp at Hunter. “Each events shared a transparent understanding of the asset’s long-term potential, which allowed us to navigate the method effectively and convey the deal to a profitable shut.”
The 22-story Renaissance Columbus Downtown Resort presents 23,810 sq. toes of versatile assembly and occasion house throughout 18 assembly rooms, together with Latitude 41, Bar 41, an out of doors pool, a health middle, and a enterprise middle. The lodge is positioned inside strolling distance of Columbus’s core demand drivers, together with the Ohio Statehouse, Ohio Theatre, and the Higher Columbus Conference Middle, and is much less than one mile from a number of of the town’s most lively districts.
“The Renaissance Columbus Downtown is a real institutional-scale asset that anchors the town’s conference and group-driven demand,” mentioned Sophia Pittaluga, senior vp at Hunter. “Alternatives to accumulate a lodge of this measurement, with this degree of assembly house and a central downtown location, are more and more uncommon—notably in markets with Columbus’s depth of financial and demand drivers.”
“The partnership on our lodge sale with the Hunter funding advisory crew of Robert Taylor and Sophia Pittaluga was excellent,” mentioned Robert Kalchik, president and chief govt officer, JW Marriott Household Enterprises. “Past their glorious administration of the sale course of, their expertise and foresight allowed them to anticipate and navigate the sudden challenges that any deal can encounter. Their relationship-driven method was instrumental in bringing the transaction to a profitable shut.”
“The Hunter Advisors crew, led by Robert Taylor and Sophia Pittaluga, was a powerful companion all through this course of, bringing disciplined execution and a collaborative method that aligned properly with our funding technique,” mentioned Jay Batra, chief govt officer, Whitestone Corporations. “The Renaissance Columbus Downtown is a landmark, institutional-scale asset that matches squarely inside our give attention to upper-upscale inns in dynamic city markets. This acquisition marks our third funding in Columbus during the last 10 months and reinforces our conviction within the metropolis’s long-term fundamentals, in addition to our capability to drive worth by way of scale, location, and operational alignment.”
