Hilton Spark Conversion | $18M Stabilized Asset Opportunity
Investment Info:
Other commercial investment investment.
Purchase price: $3,500,000
Happy to connect, conversations and introductions welcome
Hilton Spark Hotel Conversion – South Point, OH (Tri-State region)
• 148-room Hilton Spark conversion (franchise secured)
• Purchase ~$3.5M | Renovation ~$5M | Total cost ~$8.5M
• Market ADR ~$123 | Occupancy ~70%
• Projected NOI ~$1.8M stabilized (18–24 months)
• Estimated stabilized value ~$18M
• Strategy: acquire, renovate, stabilize, refinance or strategic sale
• Additional upside: restaurant + excess land parcels
What made you interested in investing in this type of deal?
Value-add hospitality opportunities with strong brand alignment are compelling. With a signed Hilton Spark franchise agreement, this asset has clear upside through renovation and stabilization.
How did you find this deal and how did you negotiate it?
The opportunity came through industry relationships. We negotiated a purchase price that reflects the renovation scope while leaving significant value upon stabilization under the Hilton brand.
How did you finance this deal?
We currently have a soft approval from the seller at a $3.5M purchase price and are preparing to move the property under contract as financing and equity partners are finalized. Based on the current pro forma and Hilton franchise approval, we believe the project can be financed through a combination of senior debt and equity partners. Hilton’s lender network and the projected stabilized value prov The plan is to acquire the asset, complete the Hilton Spark conversion, and stabilize the property.
How did you add value to the deal?
We secured the Hilton Spark franchise agreement and created a repositioning plan focused on increasing ADR, occupancy, and overall asset value.
What was the outcome?
The property is currently under contract while we finalize financing and equity partners. The plan is to complete the acquisition, execute the Hilton Spark conversion, and stabilize the asset.
Lessons learned? Challenges?
Early coordination with brand requirements, renovation planning, and financing structure are key in hospitality conversions. The current focus is aligning the capital stack and renovation timeline.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
We are currently working with hospitality advisors and exploring lender and syndication partnerships as the deal progresses.
