{"id":1004150921,"date":"2016-08-25T04:50:25","date_gmt":"2016-08-25T12:50:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004150921"},"modified":"2020-04-08T07:08:41","modified_gmt":"2020-04-08T15:08:41","slug":"597-key-hospitality-portfolio-changes-hands-in-columbus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/597-key-hospitality-portfolio-changes-hands-in-columbus\/","title":{"rendered":"597-Key Hospitality Portfolio Changes Hands in Columbus"},"content":{"rendered":"

By Adelina Osan, Associate Editor<\/em><\/p>\n

Columbus, Ohio<\/strong>\u2014The Plasencia Group<\/a> recently announced the sale of a 597-key hotel portfolio in Columbus, Ohio. Schulte Hospitality Group along with a private equity firm based in the Northeast acquired the Sheraton Columbus Hotel at Capitol Square<\/a> and the DoubleTree Suites by Hilton Hotel Columbus Downtown<\/a>.<\/p>\n

\"Sheraton<\/a>

Sheraton Columbus Hotel at Capitol Square & DoubleTree Suites by Hilton Hotel Columbus Downtown Columbus, Ohio<\/p><\/div>\n

Located at 75 E State St, Sheraton Columbus Hotel at Capitol Square features 403 rooms and 7 suites along with amenities such as a fitness center, Wi-Fi and a pet-friendly policy.<\/p>\n

Located at 50 S Front St., DoubleTree Suites by Hilton Hotel Columbus Downtown features 187 guestrooms and a list\u00a0of amenities including a business center, meeting rooms and Wi-Fi. The property sits near the Greater Columbus Convention Center and arena district and is a 15-minute drive from the Port Columbus International Airport.<\/p>\n

\u201cThis exchange represents a meaningful segment of the available hotel room inventory in downtown Columbus,\u201d said Rich Conti, senior managing director of The Plasencia Group, in prepared remarks. \u201cThe new owners will benefit from entering a flourishing market with recently renovated, high quality properties with significant upside potential.\u201d<\/p>\n

According to Chris Plasencia, vice president of The Plasencia Group, both properties will continue to benefit from the Columbus market\u2019s diversified economy. \u201cIn particular, the energy and industry catalyzed by both the state capital and Ohio State University<\/a> have historically allowed Columbus to weather any economic downturn,\u201d Plasencia\u00a0added.<\/p>\n

Image courtesy of\u00a0The Plasencia Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Schulte Hospitality Group along with a private equity firm acquired both hotels in a transaction facilitated by The Plasencia Group. <\/p>\n","protected":false},"author":735,"featured_media":1004150922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1585,21743,21751,21783,13,21742],"tags":[],"class_list":["post-1004150921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-columbus","category-deals","category-hotel","category-investment","category-midwest","category-latest"],"acf":[],"yoast_head":"\n597-Key Hospitality Portfolio Changes Hands in Columbus - 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\/597-key-hospitality-portfolio-changes-hands-in-columbus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"597-Key Hospitality Portfolio Changes Hands in Columbus\" \/>\n<meta property=\"og:description\" content=\"Schulte Hospitality Group along with a private equity firm acquired both hotels in a transaction facilitated by The Plasencia Group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/597-key-hospitality-portfolio-changes-hands-in-columbus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-25T12:50:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T15:08:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Sheraton-Columbus-Hotel-at-Capitol-Square-DoubleTree-Suites-by-Hilton-Hotel-Columbus-Downtown-Columbus-Ohio.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"531\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adelina Osan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/597-key-hospitality-portfolio-changes-hands-in-columbus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/597-key-hospitality-portfolio-changes-hands-in-columbus\/\",\"name\":\"597-Key Hospitality Portfolio Changes Hands in Columbus - 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