CrowdStreet, the real estate investment platform, has unveiled an equity investment opportunity in a boutique Marriott-branded hotel located in Chattanooga, Tennessee.
The Moxy Chattanooga Downtown, boasting 108 rooms, was secured through an off-market transaction. This acquisition allows investors an appealing entry at an approximate 9% discount to its estimated replacement cost. Since opening its doors in 2018, the hotel has consistently outperformed the market average in occupancy rates. The deal's sponsor is confident that with proactive management strategies, there is potential for even greater revenue growth.
Situated in the Southside Historic District of Chattanooga's ...
Full story available on Benzinga.com
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The Moxy Chattanooga Downtown, boasting 108 rooms, was secured through an off-market transaction. This acquisition allows investors an appealing entry at an approximate 9% discount to its estimated replacement cost. Since opening its doors in 2018, the hotel has consistently outperformed the market average in occupancy rates. The deal's sponsor is confident that with proactive management strategies, there is potential for even greater revenue growth.
Situated in the Southside Historic District of Chattanooga's ...
Full story available on Benzinga.com
Continue reading...