HBS Investment Group purchased the Hilton Garden Inn Louisville East from an institutional seller. Hunter Hotel Advisors’s Tim Osborne, senior vice president, facilitated the transaction. Other terms and conditions were not disclosed.
Located in Kentucky’s largest city, the 112-key Hilton Garden Inn Louisville East is positioned in a corporate and industrial district supported by major employers such as Humana, United Parcel Service and Norton healthcare, all significantly contributing to the region’s economic stability. Louisville attracts travelers with its diverse attractions, including Museum Row, Fourth Street Live! and Bourbon tours, as Kentucky serves as the world headquarters for Bourbon. Most notably, Churchill Downs hosts the Kentucky Derby, drawing nearly 150,000 visitors to the city annually and driving strong leisure demand to the hotel. Other key destinations include the University of Louisville, Kentucky Exposition Center and Louisville Slugger Museum and Factory.
The Hilton Garden Inn Louisville East has spacious guestrooms, an on-site fitness center and indoor pool. There is also a full-service restaurant, The Garden Grille & Bar, serving cooked-to-order breakfast and dinner options and a full bar.
“We are long-term Louisville investors, and this acquisition complements our local portfolio,” Nimish Patel of HBS Investments said in a statement. “We enjoyed working with Hunter and the seller to complete the transaction.”