ATLANTA, Georgia—Hunter Advisors (Hunter) introduced the sale of the Renaissance Columbus Downtown Resort, a 408-room, full-service resort positioned in downtown Columbus, Ohio. The property was offered by JW Marriott Household Enterprises to Whitestone Firms in a transaction brokered by Robert Taylor, govt vice chairman, and Sophia Pittaluga, senior vice chairman, at Hunter.
“This was a fancy, high-profile downtown transaction that required considerate positioning and disciplined execution,” stated Robert Taylor, govt vice chairman at Hunter. “Each events shared a transparent understanding of the asset’s long-term potential, which allowed us to navigate the method effectively and convey the deal to a profitable shut.”
The 22-story Renaissance Columbus Downtown Resort affords 23,810 sq. ft of versatile assembly and occasion house throughout 18 assembly rooms, together with Latitude 41, Bar 41, an out of doors pool, a health heart, and a enterprise heart. The resort is positioned inside strolling distance of Columbus’s core demand drivers, together with the Ohio Statehouse, Ohio Theatre, and the Higher Columbus Conference Heart, and is much less than one mile from a number of of town’s most energetic districts.
“The Renaissance Columbus Downtown is a real institutional-scale asset that anchors town’s conference and group-driven demand,” stated Sophia Pittaluga, senior vice chairman at Hunter. “Alternatives to accumulate a resort of this measurement, with this degree of assembly house and a central downtown location, are more and more uncommon—notably in markets with Columbus’s depth of financial and demand drivers.”
“The partnership on our resort sale with the Hunter funding advisory crew of Robert Taylor and Sophia Pittaluga was excellent,” stated Robert Kalchik, president and chief govt officer, JW Marriott Household Enterprises. “Past their wonderful administration of the sale course of, their expertise and foresight allowed them to anticipate and navigate the sudden challenges that any deal can encounter. Their relationship-driven method was instrumental in bringing the transaction to a profitable shut.”
“The Hunter Advisors crew, led by Robert Taylor and Sophia Pittaluga, was a robust accomplice all through this course of, bringing disciplined execution and a collaborative method that aligned properly with our funding technique,” stated Jay Batra, chief govt officer, Whitestone Firms. “The Renaissance Columbus Downtown is a landmark, institutional-scale asset that matches squarely inside our give attention to upper-upscale motels in dynamic city markets. This acquisition marks our third funding in Columbus during the last 10 months and reinforces our conviction within the metropolis’s long-term fundamentals, in addition to our capability to drive worth by way of scale, location, and operational alignment.”
