My Place Hotel - Boise / Meridian, ID

Meridian, ID, Meridian, ID 83642

LISTING TYPE

Closed

Limited-Service

PRICE

Sold

Keys

Interior

Corridor

Stories

2017

Year

PROPERTY ATTRIBUTES

Status: Closed
City: Meridian
State: ID
Zip: 83642
Type: Limited-Service
Keys: 85
Corridor (Interior/Exterior): Interior
Stories: 3
Year built: 2017

PROPERTY DESCRIPTION

PHC Hotel Advisors represented ownership on the off-market disposition of the My Place Hotel Boise / Meridian, an 85-key extended-stay asset in one of the Mountain West's most dynamic growth markets. My Place is one of the fastest-growing extended-stay brands in the country - purpose-built for both long-stay and transient guests and consistently proven to be highly recession-resistant. The Boise MSA continues to benefit from strong in-migration, a diversified employment base, and a supply-constrained lodging market, all of which supported durable performance through the recent cycle. The acquisition delivered the buyer a modern, no-PIP platform in a proven growth market with meaningful runway to stabilize under a hands-on operator.

FEATURES

85-key, three-story interior-corridor extended-stay hotel
Mid-2017 build - no PIP at close
My Place Hotels - one of the fastest-growing extended-stay brands
Boise / Meridian MSA - top-tier Mountain West growth market
Recession-resistant extended-stay product
Diversified corporate, transient, and long-stay demand base
Off-market disposition
Listed by Chris Rapacz, Sold by Alex Rizk

LOCATION