Assignment Overview
RobertDouglas represents MCR in its sale of three premium select-service properties totaling 330 rooms to the Braintree Group.
Project Overview
The 310-key portfolio includes the fully renovated and relaunched Trailborn Highlands (Highlands, NC), opening in July 2024, along with properties outside the Grand Canyon (Williams, AZ) and in Wrightsville Beach, NC, which will re-launch upon completion of comprehensive renovations in Fall 2024 and Winter 2024, respectively.
Castle Peak takes a vertically integrated approach to hospitality, bringing creativity and capital to each property, paired with an innovative and meticulous approach to its branding, design, construction, and operating capabilities. Inspired by the great American outdoors, Castle Peak debuted its highly-anticipated brand, Trailborn, in Q4 2023 with Trailborn Rocky Mountains in Estes Park, Colorado, setting the stage for the brand to become a leader within the outdoor and experiential hotel industry through the creation of unforgettable and authentically local experiences for today’s traveler.
Deal Highlights
| Client: Buyer: Sale Proceeds: Key Count: | Castle Peak Holdings Domestic Balance Sheet Lender $80.3 million 310 |
