Hotel Announcements
Rebranding 3 December 2018

Baymont Inn & Suites by Wyndham, Fort Myers, Florida

Inaugural Transaction for TJM Hospitality and Hunter Hotel Advisors

Rebranding – 85 Rooms

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TJM Hospitality, in what is their first transaction brokered through Hunter Hotel Advisors, finalized the sale of the Baymont Inn & Suites by Wyndham, Fort Myers, Florida today to Sanjeev Amin.

This 85-room hotel was built in 2001 and renovated in early 2018.

Shamir Patel, Vice President, Hunter Hotel Advisors: Matt McCarthy at TJM Properties has been a long-time client of Hunter Hotel Advisors. We were pleased to be able to execute on this transaction for them and to continue to grow that relationship. The Buyer, Sanjeev Amin, is a first time Florida buyer, who saw the growth potential in Florida & the tax advantages of owning a business in the State of Florida. The deal had a few hurdles with a 1031, SBA loan and out of state lender, however, both sides of the deal worked together to make it as smooth as possible. The Fort Myers market was one of the hardest hit markets in the downturn and one of the last markets to finally return. Better days are ahead for the Baymont & Fort Myers and the vision & experience that this Seller will bring to this property will only manage to accelerate their success.

Florida offers opportunities for both buyers and sellers who consider the local market conditions in relation to their long-term and short-term goals. This property checked all the boxes for TJM Hospitality and Mr. Amin, and I am pleased that my team was able to deliver a sound sale. Future outlook is excellent for the Baymont property, said Teague Hunter, President, Hunter Hotel Advisors.

This is the seventh Wyndham property Hunter has closed for 2018, with another 3 projected by the end of the year.

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Brand

Baymont Inn

Part of Wyndham Hotel Group, the Baymont Inn & Suites® hotel brand is a chain of 350 midscale hotels located throughout the United States offering an array of complimentary amenities including free Wi-Fi and continental breakfast at the Baymont Breakfast Corner℠.
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Management Company

TJM Properties

TJM Properties, Inc. is a real estate acquisition and management firm specializing in hotels and senior living. The company has owned as many as 19 independent and assisted living facilities throughout the Southeast United States.
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Brand Owner

Wyndham Hotels & Resorts

Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company, with approximately 9,200 hotels across more than 80 countries on six continents. Through its network of approximately 810,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in both the economy and midscale segments of the lodging industry.
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Affiliated With

Hunter Hotel Advisors

Hunter Hotel Advisors is the nation’s leading investment advisory firm focused exclusively on the hotel industry. Their seasoned team of investment professionals and offices nationwide consistently provide clients with optimal results in hotel brokerage, financial advisory and capital markets services of any size or complexity.
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