CN Hotels Acquires Two Marriott Extended Stay Properties in Chattanooga
1 report, 1 independent
Updated Oct 20
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What happened
CN Hotels acquired two Marriott extended stay properties: the Residence Inn by Marriott Chattanooga Near Hamilton Place and the TownePlace Suites by Marriott Chattanooga Near Hamilton Place. The properties, which total 196 rooms, were sold by an institutional seller. CN Hotels plans to execute a comprehensive renovation of both assets to meet current brand standards.
From chattanoogan.com
Why it matters
The acquisition represents a strategic expansion for CN Hotels into the Tennessee market. The buyer plans to improve the overall performance of the properties through renovations, which will increase hotel capacity.
From chattanoogan.com
Who's involved
- Marriott InternationalThe brand whose extended stay products were sold in the transaction
- ChattanoogaThe city where the acquired hotels are located
Keep exploring
The entities involved
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Marriott International
international hospitality company in Bethesda, Maryland, United States
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Tennessee
state of the United States of America