The hotel has a full-service restaurant named The Presidents Dining Room. Credit: Jakub Żerdzicki / Unsplash.

NewcrestImage has acquired DoubleTree Suites by Hilton Hotel Columbus Downtown in Ohio, US, for an undisclosed amount.

The transaction was facilitated by Hunter Hotel Advisors, with senior vice presidents Tim Osborne and Spencer Davidson representing the institutional seller.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Davidson said: “The DoubleTree deal marks the second transaction of a full-service, value-added hotel that Hunter has successfully closed in the past three months and we have our eyes on several others.

“This trend echoes the continuing demand for high-quality assets in dynamic markets, and we’re thrilled to have facilitated this deal with a buyer who is poised to enhance the property’s value and appeal.”

Each of the hotel’s 194 suites features separate living, sleeping, and kitchenette areas.

See Also:

The 15-storey property also offers a range of amenities, including concierge services, a business centre, a fitness centre, and a full-service restaurant. It also provides 7,000ft² of conference space.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The four-star DoubleTree is situated close to the Ohio State Capital complex and the Greater Columbus Convention Centre, two miles from Ohio State University and seven miles from Columbus International Airport.

NewcrestImage managing partner and CEO Mehul Patel said: “This acquisition underscores our continued appetite for transactions that offer strong growth potential in both market share and asset value.”

Last year, NewcrestImage purchased three Courtyard by Marriott hotels from real estate investment trust W P Carey.

These hotels added a total of 481 rooms to NewcrestImage’s collection.

Courtyard Chicago O’Hare contributed 180 rooms, the Courtyard Albuquerque Airport added 151 rooms, and the Courtyard Indianapolis Airport added 150 rooms.