My Place Hotel - Medford, OR

Medford, OR, Medford, OR 97504

LISTING TYPE

Closed

Limited-Service

PRICE

Sold

Keys

Interior

Corridor

Stories

2020

Year

PROPERTY ATTRIBUTES

Status: Closed
City: Medford
State: OR
Zip: 97504
Type: Limited-Service
Keys: 85
Corridor (Interior/Exterior): Interior
Stories: 3
Year built: 2020

PROPERTY DESCRIPTION

PHC Hotel Advisors represented ownership on the exclusive off-market disposition of the newly-built My Place Hotel Medford, OR - an 85-key interior-corridor extended-stay asset completed in late 2020 and opened in early 2021. The Medford market held up well through the pandemic cycle, and extended-stay product has proven to be one of the most recession-resistant segments in lodging, absorbing meaningfully smaller demand shocks than transient-only formats. My Place continues to be one of the most aggressive growth brands in the country, with a rapidly expanding footprint across the South and Western U.S. The acquisition delivered the buyer a modern, no-PIP platform in a durable Pacific Northwest drive-in market with a clear runway to stabilization and strong day-one cash-on-cash returns.

FEATURES

85-key, interior-corridor extended-stay hotel
Newly built - completed late 2020, opened early 2021
No PIP at close
My Place Hotels - one of the fastest-growing extended-stay brands
Medford, OR - durable Pacific Northwest drive-in market
Recession-resistant extended-stay product
Off-market disposition
Listed & Sold by Chris Rapacz

LOCATION