The training center has added approximately 42,000 square feet, more than double the size of the existing high bay facility, to include space for additional flight simulators, a demo room and classrooms.

“Ground leases are a relatively big idea where the markets rewards investors who are efficient with their capital.”

The new ownership will renovate the interior and exterior features of the property.

High levels of US consumer and business confidence are being fueled in part by low unemployment rates and rising wages both of which continue to have positive effects on the demand for US hotel room night demand.