CHARLOTTE, NC—Lodging Partners LLC has arranged the sale of the 132-room Four Points Charlotte.
Situated off of I-77, the hotel is proximate to local demand generators such as Charlotte Douglas International Airport, Belk’s corporate headquarters, and SouthPark Mall. It is less than four miles from downtown Charlotte, which is home to the Charlotte Convention Center, NASCAR Hall of Fame, Bank of America Stadium and Time Warner Cable Arena.
Ford C. Barton, principal at Lodging Partners, exclusively represented the seller, a Chicago-based group, on this transaction. This acquisition offered Gehr Hospitality, headquartered in Los Angeles, an opportunity to purchase a high-quality asset with strong trailing cash flow and a Marriott-brand affiliation, according to the company. The hotel is well positioned to capitalize on the market’s continued strong economic growth and broad corporate and leisure demand, stated Barton.