Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

California  + Bay Area  + Hospitality  | 
Bajwa Properties Acquires Reno Hotel Portfolio, Cushman & Wakefield Advises

Bajwa Properties Acquires Reno Hotel Portfolio

Cushman & Wakefield has advised in the sale of a portfolio comprised of two hotels totaling 229 rooms in Reno, NV. Reno-based Bajwa Properties acquired the 94-key Staybridge Suites and the 135-key Hilton Garden Inn for an undisclosed price, and will retain Aimbridge Hospitality to manage the hotels.

“The buyer moved up the brand food chain with these acquisitions in a market that it already operates numerous hotels,” said Cushman & Wakefield’s Bill Murney who represented the seller along with the firm’s Steve Avanzino. “Located within minutes of each other in South Reno, these two properties provide convenient access to freeways, business and Reno-Tahoe Airport plus walkability to nearby amenities.”

Staybridge Suites is located at 10559 Professional Circle and features a 24-hour business center, onsite meeting room and fitness center. Hilton Garden Inn is located at 9920 Double R Blvd and includes an on-site restaurant, fitness center, indoor pool and event space.

Connect

Inside The Story

Cushman & Wakefield - RenoBill MurneyAimbridge Hospitality

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition