Excel Hotel Group buys Fredericksburg hotel
Hunter Hotel Advisors Wednesday announced the sale of the 148-room Hilton Garden Inn to Excel Hotel Group for an undisclosed price.
The Arlington-based company purchased the five-story hotel from a New York private equity firm.
According to Hunter Hotel Advisors, the Hilton Garden Inn was built in 2005 and completed a $2 million renovation in February 2016. The hotel is located on Interstate 95 between Washington, D.C., and Richmond.
Hunter Hotel Advisors, whose headquarters is in Atlanta, is a hospitality investment firm for clients ranging from REITs and private equity firms to regional hotel owners. Since Jan. 1, 2015, Hunter said it has sold more than $1.5 billion in single assets and portfolio transactions.