Lodging Partners, LLC is pleased to announce the successful sale of the HomeTowne Studios Raleigh–Durham, representing a large institutional owner in the transaction. The property was acquired by a regional hotel investor, who plans to convert the asset to the Suburban Extended Stay brand.
This transaction represents the second asset sold by Lodging Partners, LLC on behalf of the seller, with a third property currently under contract and scheduled to close in early January. The sale highlights continued investor interest in well-located extended stay properties and value-add repositioning opportunities within the Raleigh–Durham market.
Lodging Partners, LLC is proud to continue its relationship with the seller and deliver successful outcomes across its portfolio.