The 103-room Home2 Suites by Hilton Lexington University/Medical Center in Kentucky has been sold in a deal facilitated by Alchemy Real Estate Advisors. Other terms and conditions were not disclosed.
Built in 2015, the extended-stay hotel was sold fee simple, unencumbered by third-party management, and with the opportunity for a new long-term Hilton license agreement. The transaction represents an institutional sale completed by Alchemy on behalf of a long-standing client.
According to the Miami-based company, the offering attracted significant investor interest due to its compelling value-add potential and prime location in the heart of one of Lexington’s most robust submarkets. Lexington continues to rank among the nation’s top cities for business and careers, supported by a diverse economy rooted in healthcare, higher education, equine and corporate investment.
The Home2 Suites by Hilton Lexington University/Medical Center has a free continental breakfast, terrace and a firepit. Other amenities include a 24-hour gym, indoor pool, self-parking and a 24-hour front desk. Guestrooms feature 42-inch flat screen TVs with premium channels and rooms feature separate sitting areas, kitchens and full-sized refrigerators/freezers.