Cameron Gunter Acquires Residence Inn Hotel From J. Robison Hays III For $19.2M

The 144-room Residence Inn hotel located at 6425 South 3000 East in Salt Lake City, UT, was sold for $19.2 million. The sale equated to an average price of $133,333 per room. The transaction took place between the buyer, Cameron Gunter of PEG Cos, and the seller, J. Robison Hays III of Ashford Hospitality Trust.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $19,200,000
• Address: 6425 South 3000 East
• Market: Salt Lake City, UT
• Buyer: Cameron Gunter - PEG Cos
• Seller: J. Robison Hays III - Ashford Hospitality Trust
• Keys: 144
• Price Per Key: $133,333

PEG Cos., a company based in Provo, Utah, made the acquisition of the hotel. The deal was successfully negotiated with J. Robison Hays III representing Ashford Hospitality Trust as the seller. The purchase further strengthens PEG Cos's presence in the hospitality sector as they expand their portfolio with this new acquisition.