MIG Real Estate Acquires the 102-key Homewood Suites Charlotte Airport in North Carolina
NEWPORT BEACH, CA / CHARLOTTE, NC - November 14, 2013 - MIG Real Estate, a Newport Beach, Calif.-based real estate investment company, has acquired the Homewood Suites hotel located southeast of Charlotte Douglas International Airport. The purchase marks the company's first hotel acquisition in North Carolina and increases its overall hotel portfolio to 12 properties.
"We are pleased to add this Homewood Suites to our hotel portfolio, furthering our relationship with the Hilton family of brands," said Greg Merage, CEO of MIG Real Estate. "This is a very high-quality product featuring an outstanding location in the heart of the nation's second largest financial center and the Carolinas' top travel destination."
Located at 2770 Yorkmont Road, the Homewood Suites contains 102 guest suites situated on 3.64 acres of land. The property features approximately 1,541 square feet of meeting space and an outdoor swimming pool, fitness center, putting green, business center, and guest laundry. Each well-appointed guest suite includes separate living and sleeping rooms, a fully-equipped kitchen with a refrigerator, microwave, dishwasher, and stovetop, complimentary wireless internet access, a comfortable work area and a 32-inch flat-screen television.
The Homewood Suites Charlotte Airport is situated three miles southeast of the Charlotte Douglas International Airport adjacent to Charlotte's largest suburban office markets. Nearby attractions include the Charlotte Motor Speedway, the NFL's Carolina Panthers, the NBA's Charlotte Bobcats and the Verizon Wireless Amphitheater.
Jeff Berkman of Hodges Ward Elliott represented the seller in the transaction. The property is being operated by Concord Hospitality Enterprises of Raleigh, N.C.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
