Mission Hill Hospitality, a KSL Capital Partners portfolio company focused on transforming select service and extended stay hotel investing, announced it has acquired the Inn at Naples, Tapestry Collection by Hilton, a 100-key property in Naples, Florida. Terms of the deal are undisclosed.
“This acquisition aligns with our strategy of building a high-quality portfolio of well-located select service and extended stay hotels, particularly in drive-to leisure markets like Naples, which draws year-round visitors,” said Greg Kennealey, CEO, Mission Hill Hospitality. “Since Mission Hill was launched 12 months ago, our portfolio now includes 18 hotels across the U.S., and this is our third acquisition in Florida.”
The Inn at Naples is currently undergoing a large-scale transformation to better meet the needs and expectations of today’s travelers. Improvements include the comprehensive renovation of all guestrooms, lobby, public and meeting spaces, and restaurant. The property offers a mix of guestrooms and suites, including many with accessibility features, an outdoor pool, fitness center, and onsite restaurant.
Its prime location at 4055 Tamiami Trail, in the main metro area of Florida’s Paradise Coast, allows guests easy access to nearby attractions, including the white sands of Naples Beach and Naples Pier, just one mile from the hotel, and multiple top-rated public and private golf courses. Naples’ historic downtown offers an abundance of sidewalk cafes, boutiques, and art galleries, as well as the Tin City Waterfront Shops. The growing Naples Art District includes ARTIS, the visual and performing arts center and home of the Naples Philharmonic Orchestra, in close proximity to the hotel. Lowdermilk Park, Naples Botanical Garden, and the Conservatory of Southwest Florida are located nearby.
About Mission Hill Hospitality
Mission Hill Hospitality is a company created to invest in the select service and extended stay hotel sector. The Denver-based firm focuses on value-add and development projects that present significant opportunity given market and economic conditions.
Mission Hill Hospitality brings together a dedicated team of investment professionals with decades of extensive experience in lodging across product types and provides a wide range of expertise across functions including operations, asset management, acquisitions, development, and capital markets. For more information visit http://missionhillhospitality.com.