A joint venture between Pulse Hospitality and MD Hospitality have acquired the Homewood Suites by Hilton Chattanooga (Tenn.)-Hamilton Place in mid-February. Tim Osborne, senior vice president at Hunter Hotel Advisors, facilitated the transaction. No other details of the transaction were made public.
The hotel is within a major retail and commercial corridor near Hamilton Place Mall, Chattanooga Metropolitan Airport and Volkswagen Chattanooga. The area's recent economic surge has been fueled by a $4.5 billion investment into the city and the creation of 426,000 jobs across several industries, including healthcare and education.
The 76-room Homewood Suites Chattanooga-Hamilton Place has an outdoor pool and 24/7 access to an on-site fitness center.
“It was a pleasure to work with all parties on this sale,” Osborne said in a statement. “Building on their previous acquisitions with Hunter, Pulse Hospitality will renovate the hotel to unlock value and better capture the growing extended-stay demand in the market.”