Nov 29, 2018 AWH Partners, Opterra Capital acquire Cincinnati Marriott
Anticipated to open in late 2020, the new Downtown Melbourne property breaks ground on June 19, 2019
by Elliott Mest | Nov 29, 2018
AWH Partners and Opterra Capital acquired the Cincinnati Marriott at RiverCenter, making it the third Marriott Hotel in their portfolio.
Spire Hospitality now is operating and managing the hotel.
“As an uncommon opportunity to buy a Marriott-branded hotel with a strong history of consistent earnings in need of material renovation, buying the Cincinnati Marriott at RiverCenter fits directly in our strategy of identifying diversified, opportunistic investments,” Russ Flicker, principal of AWH Partners, said in a statement. “Further, the hotel finished a comprehensive rooms renovation within days of our closing, leaving us the opportunity to renovate the public spaces while enjoying ramp-up from the rooms.”
The Cincinnati Marriott at RiverCenter. Photo credit: Marriott International