TALLAHASSEE, FL—Hunter & Harp Holdings just sold the Hotel Duval in Tallahassee for $23 million. The hotel was built in 1951.
Hunter Hotel Advisors exclusively represented Hunter and Harp in the hotel disposition. Hotel Duval is a luxury-boutique 117-room that recently joined the of Marriott's Autograph Collection brand family.
Hunter Hotel's Teague Hunter and Trey Scott brokered the transaction to a private hotel operator. Hunter and Harp purchased the historic hotel in 2007, and spent $15 million restoring the integrity of the 50-year-old building before reopening its doors in October 2009 as the Hotel Duval.
“We were able to provide our client with several solid offers to choose from, and they were very pleased with the transaction and process,'” says Hunger, president of with Hunter Hotel. The eight-story interior corridor hotel has a prominent history, and is well known locally as the place “to see and be seen” as Tallahassee's most luxurious hotel offering a full service experience.
“This will afford us the opportunity to reinvest more in Tallahassee,” say Chad Kittrell, co-owner with J.T. Burnette and Frank Whitley of Hunter & Harp. “We're going to spread our wings geographically a bit and also continue to invest in this community.”
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