AWH Partners has acquired the 122-room all-suite property, Hotel Trio Healdsburg, in Sonoma County, California, US.
The property is a soft-branded Residence Inn and is said to be the sole Marriott-branded hotel in northern Sonoma.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This acquisition is the company’s first for its Strategic Income Fund, which was introduced last year.
AWH Partners purchased the hotel for $38m, noting this as a significant discount relative to an estimated replacement cost above $500,000 per key for Sonoma County.
The company projects an average annual dividend above 8% and a projected net levered IRR [internal rate of return] of 17.40% from this investment.
This is AWH Partners’ second major acquisition since June 2022.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataUpon completion of the transaction, AWH Partners’ wholly owned subsidiary Spire Hospitality will operate Hotel Trio Healdsburg.
AWH Partners co-founder and partner Russ Flicker said: “This announcement further demonstrates our ability to pinpoint attractive opportunities through our data-driven AI-supported research platform.
“Having aggregated more than 15 years of investment and market data, we weigh layer data-driven findings with our own deep understanding of markets and long-term economic indicators to identify the right locations and the best properties.
“Hotel Trio met our criteria as a recent-vintage, high-quality asset ideally located in one of the country’s most affluent leisure destinations with a long runway for growth given the backdrop of recovery and expansion in the greater Bay Area.”
In November 2024, AWH Partners acquired a dual-branded Residence Inn / Fairfield Inn & Suites property in Broomfield, Colorado. This 212-room asset was the first post-pandemic purchase under its income-focused strategy and is also managed by Spire Hospitality.
