Archer Capital Group purchased the Homewood Suites by Hilton Augusta, Ga., from an institutional seller. Hunter Hotel Advisors' Mayank Patel, senior vice president, facilitated the transaction. Other terms and conditions were not disclosed.
“Mayank handled this transaction with the utmost professionalism,” Rahil Sanghvi of Archer Capital Group, said in a statement. “I want to thank all parties involved in completing this acquisition.”
Located in Georgia’s second-largest city, ] two miles from the Augusta National Golf Club, the Homewood Suites by Hilton Augusta is positioned in a vibrant leisure and corporate hub. The hotel is just six miles from downtown Augusta, where a diverse mix of eateries, nightlife venues and attractions cater to leisure travelers. The U.S. Army Cyber Center of Excellence and Fort Eisenhower play a crucial role in the region’s economic growth, driving substantial demand for local hotel accommodations. Other key destinations include Augusta University, the Medical College of Georgia and Doctors Hospital of Augusta.
The 65-key Homewood Suites by Hilton Augusta has a selection of well-appointed rooms, each featuring a fully-equipped kitchen. There is complimentary breakfast each morning and on-site amenities, including a fitness center and outdoor pool.
"This transaction adds another strong asset to Archer Capital Group’s portfolio, enhancing their presence in the market,” said Patel. “The synergies created through this acquisition will create operational efficiencies and long-term value."