Joint Venture Capital Raised by Hospitality Funding Results in Acquisition of the Hampton Inn Indianapolis South
Palm Beach, FL — A joint venture comprised of Blue Cougar Hospitality and a US-based investment management company has acquired the Hampton Inn Indianapolis South hotel. The purchase is the first transaction to be funded through a joint venture that was raised by Hospitality Funding for the purpose of acquiring select-service hospitality assets. The property’s management has been transferred to Interstate Hotels & Resorts, Inc., the country’s largest independent hotel management company.
The 112-key hotel is located on 2.5 acres approximately 10 miles south of downtown Indianapolis, Indiana, just off of I-65. The property recently underwent a comprehensive $2.5 million renovation, and features an indoor swimming pool, a fitness room, two meeting rooms, a business center, and a breakfast room. The hotel benefits from its close proximity to the University of Indiana and several major corporate campuses.
About Hospitality Funding: Hospitality Funding is a boutique investment advisory firm focused on raising equity, mezzanine, and debt financing for the acquisition of all types of hospitality assets. Hospitality Funding works with superior owners to find capital solutions that fit their specific goal for property acquisition, development and refinance. For more information, please visit www.hospitalityfunding.com.