{"id":1004088942,"date":"2013-12-22T20:15:57","date_gmt":"2013-12-23T04:15:57","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=228175"},"modified":"2020-04-01T04:56:46","modified_gmt":"2020-04-01T12:56:46","slug":"cincinnatis-garfield-suites-hotel-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cincinnatis-garfield-suites-hotel-changes-hands\/","title":{"rendered":"Cincinnati\u2019s Garfield Suites Hotel Changes Hands"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

CBRE Hotels\"\"<\/a>\u00a0announced the sale of Cincinnati\u2019s Garfield Suites Hotel. Cincinnati Lodging Associates–a joint venture of Sun Development, Hotel Capital and Silver Rock–is the property\u2019s new owner. It plans to convert the all-suite hotel into a DoubleTree Suites.<\/p>\n

The Garfield Suites Hotel is located at 2 Garfield Place, in the heart of Downtown Cincinnati, near some of the best restaurants and nightlife. The 16-story hotel offers 153 suites, as well as 20,000 square feet of leasable space, including a 7,053-square-foot restaurant on the ground level and a two-floor fitness center. Amenities include full kitchens, living rooms with 42-inch plasma TVs and Wi-Fi, free shuttle service and attached covered parking.<\/p>\n

The Garfield Suites Hotel is the closest hotel to one of Cincinnati\u2019s newest attractions, the $400 million Horseshoe Casino, which opened<\/a> this March. Other nearby attractions include the Cincinnati Reds, U.S. Bank Arena, Cincinnati Museum Center, Cincinnati Children\u2019s Museum, Aronoff Theater and Duke Energy Convention Center.<\/p>\n

Garfield House L.P. was the upscale hotel\u2019s previous owner. It retained CBRE Hotels as the exclusive advisor and was represented by Eric Belfrage, first vice president of CBRE Hotels in Columbus, and Peter Greene, first vice president of CBRE Hotels in Chicago. The terms of the deal were not disclosed.<\/p>\n

\u201cDowntown Cincinnati is a dynamic live-work-play environment, and the Garfield Suites Hotel was a fabulous opportunity,\u201d Bharat Patel, CEO of Sun Cos., said in a statement for the press. \u201dWe recognized the mixed-use opportunity of an all-suite hotel with penthouse suites, office and ground-floor retail space. The location is also tremendously dynamic between Kroger and Macy\u2019s headquarters. The gentrification of the ‘Over the Rhine’ neighborhood and the new casino add to the unique environment.\u201d<\/p>\n

Photo credits: <\/em>CBRE Hotels<\/em><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE Hotels has announced last week the sale of Cincinnati’s Garfield Suites Hotel. Cincinnati Lodging Associates, a joint venture of Sun Development, Hotel Capital and Silver Rock, it the property’s new owner. It plans to convert the all-suite hotel into a DoubleTree Suites.<\/p>\n","protected":false},"author":925,"featured_media":1004506190,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1583,21742],"tags":[39420,1815],"class_list":["post-1004088942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cincinnati","category-latest","tag-cincinnati","tag-national"],"acf":[],"yoast_head":"\nCincinnati\u2019s Garfield Suites Hotel Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cincinnatis-garfield-suites-hotel-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cincinnati\u2019s Garfield Suites Hotel Changes Hands\" \/>\n<meta property=\"og:description\" content=\"CBRE Hotels has announced last week the sale of Cincinnati’s Garfield Suites Hotel. 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