Ohio extended stay hotel changes hands

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US: A Home2Suites by Hilton extended stay property in the Cincinnati suburb of Liberty Township has been sold for $7.2 million.

A fund called PHVIF II Liberty purchased the property on March 5 from Liberty Centre LP, according to the Butler County Auditorโ€™s Office.

The 66,000 square-foot, four-storey extended-stay hotel opened at 7145 Liberty Centre Drive in 2016 and marked the brandโ€™s first Ohio location.

Situated on 2.4 acres, the Home2 Suites is within a mile of the $350 million Liberty Center retail development and Cincinnati Childrenโ€™s Liberty Campus.

The hotel features barbecue grills and fire pits in patio areas, an indoor, heated saline pool and Spin2 Cycle Center, a combined laundry-and-fitness area. Also featured are a work-and-socialise Oasis lobby/gathering area, a 24-hour business centre and 1,000 square feet of meeting space.

For the latest insights in to the investment climate for US extended stay hotels, donโ€™t miss next monthโ€™s Serviced Apartment Summit Americas in New York City. Click hereto find out more and buy tickets.</p

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