US-based Baron Hospitality has expanded its portfolio with the acquisition of the Hampton Inn Birmingham/Mountain Brook in Birmingham, Alabama.
Baron Hospitality currently owns as well as operates ten premier hotels.
Baron Hospitality president Sanjay Patel said: “Adding another Hampton Inn to our portfolio was a strategic move as part of our three-year plan, aligning with our goals for growth and setting the stage for success in the hospitality industry.
“By entering a market with high barriers to entry, you can benefit from the brand’s recognition and reputation, attracting customers seeking quality accommodations.
“Initiating renovations to enhance the property will further differentiate it within the upper-midscale segment, making it a unique asset that stands out among competitors. Our Baron team is excited to get to work on this asset in our backyard.”
The newly acquired hotel is located along US Highway 280, the city’s primary commercial corridor.
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By GlobalDataThe 129-room property offers a host of amenities.
It also offers easy access to key local attractions, including Downtown Birmingham, the University of Alabama Birmingham, and Samford University, as well as the Birmingham Botanical Gardens.
Hunter Hotel Advisors played a key role in the transaction, with senior associate Chase Perry representing the institutional seller.
Perry said: “This acquisition is the perfect addition to the buyer’s portfolio, which will benefit greatly from the growth that the Highway 280 corridor has experienced in recent years.
“A well-established regional owner, the buyer plans to complete a comprehensive renovation, bringing a refreshed product and improved guest experience to Birmingham travellers.”