Vamsi Bonthala Of Arbor Lodging Partners Acquires Hotel From Seth Bernstein For $28M

The property asset involved in the transaction is the Eaglewood Resort & Spa, situated on 102 acres at 1401 Nordic Road in Itasca. The facility has been acquired by Arbor Lodging Partners for a total price of $28,000,000 from AllianceBernstein. This transaction represents a significant move into golf-focused hospitality for the buyer. The acquisition is supported by an $18.3 million loan from Citigroup, indicating substantial financial backing for this venture.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $28,000,000
• Buyer: Vamsi Bonthala - Arbor Lodging Partners
• Seller: Seth Bernstein - AllianceBernstein
• Brokers: Adam McGaughy & John Nugent - JLL
• Lender: Citigroup

The deal highlights the strategic realignment for Arbor Lodging Partners following a previous loss in downtown hotel investments. The acquisition reflects a growing trend toward suburban, amenity-rich assets amidst increasing demand for golf-related hospitality experiences. Notably, the involvement of brokers Adam McGaughy and John Nugent from JLL underscores the transaction's significance in the hotel investment market.