In Brief: The Best Western Ashbury Inn, a 99-room property in LaGrange, Kentucky, has changed hands, with the transaction facilitated by Huff, Niehaus & Associates.
-
Best Western Ashbury Inn in LaGrange, Kentucky – Image Credit Hotel Brokers International
Huff, Niehaus & Associates, Inc., a hospitality real estate brokerage specializing exclusively in hotel investment properties, is pleased to announce the successful sale of the 99-room Best Western Ashbury Inn located in LaGrange, Kentucky.
Ravi Krishna LLC, represented by Huff, Niehaus & Associates, acquired the property. Their purchase demonstrates continued investor confidence in well-located, nationally branded hospitality assets throughout Kentucky and the Midwest. The terms of the transaction were not disclosed.
Conveniently situated along Interstate 71 between Louisville, Kentucky, and Cincinnati, Ohio, the Best Western Ashbury Inn benefits from excellent regional accessibility and a diverse mix of corporate, leisure, and group demand generators. The property’s strategic location has made it a preferred lodging destination for travelers visiting Oldham County and the greater Louisville metropolitan area.
“We are pleased to have successfully completed another hospitality transaction and appreciate the confidence our client placed in our firm,” said Brandt Niehaus, President of Huff, Niehaus & Associates and member of Hotel Brokers International. “Investor demand remains strong for quality branded hotels located in established interstate markets. The sale of the Best Western Ashbury Inn reflects the continued strength of the hospitality investment market and the long-term value investors see in well-positioned lodging assets.”
The sale further reinforces Huff, Niehaus & Associates’ position as one of the region’s most experienced hotel brokerage firms. Celebrating its 51st anniversary, the company has specialized exclusively in hospitality real estate since 1975, successfully completing transactions involving independent hotels, nationally branded properties, resort hotels, and multi-property portfolios throughout the United States.
About Huff, Niehaus & Associates, Inc.
Founded in 1975, Huff, Niehaus & Associates, Inc. is a hospitality real estate brokerage specializing exclusively in hotels and lodging investment properties. With decades of experience, the firm has represented hotel owners, investors, lenders, REITs, and developers in the acquisition and disposition of over $1 billion of hospitality assets nationwide. Services include investment sales, Broker’s Opinions of Value, consulting, development advisory, and hospitality market analysis.
About Hotel Brokers International
Founded in 1959, Hotel Brokers International (HBI) is the hospitality industry’s most established and experienced network of hotel real estate professionals. With more than 11,000 successful hotel transactions, HBI members are recognized leaders in hotel brokerage, investment advisory, and market insight. HBI is the founder and administrator of the Certified Hotel Broker (CHB) Program—the only professional designation specifically for hotel brokers. In addition to brokerage services, HBI offers affiliate membership opportunities for professionals in franchising, lending, appraisals, and investment services. To learn more, visit www.hbihotels.com.
For more information contact:
H. Brandt Niehaus – President/Principal Broker
Huff, Niehaus & Associates, Inc.
Louisville, Kentucky
502.254.7787
[email protected]
Glenda J. Webb, Executive Director
Hotel Brokers International
Kansas City, Missouri
816.505.4315
[email protected]
