Blue Suede Hospitality Group Acquires Quirk Hotel In Charlottesville For $24M

The hotel located at 499 West Main Street in Charlottesville, VA, was sold for $24,000,000. The property, known as Quirk Hotel, was acquired by Blue Suede Hospitality Group, LLC, from the seller Quirk Charlottesville, LLC.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $24,000,000
• Address: 499 West Main Street, Charlottesville, VA
• Market: Charlottesville, VA
• Buyer: Blue Suede Hospitality Group, LLC
• Seller: Quirk Charlottesville, LLC
• Brokers: Jenny Stoner & John Pritzlaff - Cushman & Wakefield

Cushman & Wakefield | Thalhimer facilitated the acquisition of Quirk Hotel by Blue Suede Hospitality Group. Blue Suede Hospitality Group, a New York-based firm specializing in hotel acquisitions, plans to rebrand the hotel, leveraging its prime location near the Downtown Mall and the University of Virginia grounds.