Norfolk broker plays lead role in sale of extended-stay hotel portfolio
McKibbon Hotel Group Inc. has sold an 11-property, extended- stay hotel portfolio located through the Southeast to Noble Investment Group, and a Norfolk commercial real estate broker played a lead role in the deal.
The hotels will continue to be managed by McKibbon Hotel Management Inc. based in Gainesville, Ga.
Henkel is an executive vice president with CBRE/MidSouth who leads the company’s hotel brokerage practice out of its Norfolk office. He led a team of Lew Miller, Andy Wimsatt, Lisa Zaranek, Ron Danko and Kym Halsted of CBRE Hotels, who represented McKibbon Hotel Group.
CBRE Capital Markets arranged the financing for the transaction.
The sales price was not disclosed.
Located in seven cities in five states, the portfolio includes a total of 1,308 rooms with Marriott and Hilton brand affiliations.
The hotels have an average age of eight years.