Investment vehicles managed by Rialto Capital have sold the Microtel Inn & Suites Wheeling (W.V.) at Highlands and the Microtel Inn & Suites St. Clairsville (Ohio) to separate investors. Hunter Hotel Advisors oversaw the transaction.
Hunter’s EVP Robert Taylor, SVP Sophia Pittaluga and senior associate Chase Perry facilitated the sale. The sale price was not disclosed.
Totaling 170 keys, the Microtel Inn & Suites Wheeling at Highlands and Microtel Inn & Suites St. Clairsville are along I-70 in the Wheeling Metropolitan Statistical Area. The 20-mile distance between the hotels covers a dense market that attracts people traveling for education, leisure, healthcare and corporate purposes.