Arbor Lodging Partners, ("Arbor"), a leading fully integrated owner and operator of hotels, announced today that it, through an affiliate, acquired the Courtyard by Marriott Des Moines West/Jordan Creek at 410 S. 68th Street, West Des Moines, Iowa. This acquisition is Arbor Lodging’s fourth Marriott-branded hotel purchased in the last 24 months. The 102-room upscale property will be managed by Arbor Lodging Partners’ affiliate Arbor Lodging Management (formerly NVN Hotels).
The Courtyard by Marriott Des Moines West/Jordan Creek offers spacious, thoughtful guest rooms and a hotel lobby featuring unique seating options from intimate media pods to large tables to gather with coworkers or family. The Bistro serves Starbucks Coffee and made-to-order breakfast as well as soup, salad, sandwiches or pizza. A lounge offers guests a place to unwind with beer, wine and cocktails. Guests can stay fit in the property’s indoor pool and 24 hr. fitness center.
"This investment fits into our core/core plus platform with its ideal location, financial stability, and strong brand positioning," said Vamsi Bonthala, CEO of Arbor Lodging Partners. "With the Courtyard Des Moines West/Jordan Creek we look to continue the success we’ve achieved with other recent yield-driven acquisitions like the Fairfield Inn & Suites in Downtown Milwaukee and the Staybridge Suites in Cleveland/Mayfield Heights.”
"The Courtyard Des Moines West/Jordan Creek’s is convenient for leisure and corporate travelers alike with its location near shopping centers, popular events, major area businesses, and the airport," added Sheenal Patel, CEO of Arbor Lodging Management. "In addition, this property marks Arbor Lodging’s’ entry into the Des Moines MSA and our further expansion into the Midwest."
About Arbor Lodging
Arbor Lodging is a Chicago-based national owner and operator of hotels. The company was founded in 2005 with the goal of uniting the best practices of enterprising hotel operators and sophisticated institutional investors to effectively underwrite and execute investments in the lodging space. Arbor Lodging Partners makes investments in hotels, acquires loans secured by hotels, and, through its affiliate Arbor Lodging Management (formerly NVN Hotels), manages operations for its own hotels and those owned by third-parties. A leading hotel management company with a range of services, Arbor Lodging Management has been designated one of the nation's top hotel companies in 2015 by Hotel Management Magazine. To learn more about Arbor Lodging visit http://www.arborlodging.com.