Capstone Closed on Sale of Traveler’s Uptown Motel

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Capstone has closed the sale of Travelers Uptown Motel, 17,614 sq ft hospitality property for the sale price of $4,000,000.  Sean Holamon of Capstone represented the Buyer on this transaction.

The property consists of 48 rooms of over 350 SF each. Multiple properties are under development in the immediate area and the property is walking distance to the most popular bars and restaurants in town. The buyer plans to make significant upgrades to the rooms and has a vision to transform the property into a boutique hotel and create a better experience for travelers and those looking for short term rentals.   

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About Capstone:

The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.

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