Chris Nassetta Acquires Hotel From Ben Weprin For $210M In Chapel Hill

The hotel located at 311 West Franklin Street in Chapel Hill, NC, was recently involved in a transaction where Hilton Worldwide Holdings acquired the property from Adventurous Journeys Capital Partners for $210,000,000. This acquisition included 37 properties in university towns, showcasing a significant investment in the hospitality sector.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $210,000,000
• Buyer: Chris Nassetta - Hilton Worldwide Holdings
• Seller: Ben Weprin - Adventurous Journeys Capital Partners
• Market: Chapel Hill, NC

Chris Nassetta, representing Hilton Worldwide Holdings, played a crucial role as the buyer in this transaction, securing a substantial portfolio of university-town hotels. On the other side, Ben Weprin, from Adventurous Journeys Capital Partners, facilitated the sale of the Graduate Hotels, underscoring a strategic move in the hospitality industry. This deal signifies a notable shift in ownership within the hotel market, reflecting the competitive nature of acquisitions in the real estate sector.