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Wednesday, 13 June 2018

Scarlett Hotel Buys Select-Service Hotels in Fla., Neb.; Eyes More Deals

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Commercial Real Estate Direct Staff Report

Scarlett Hotel Group, which launched two years ago to pursue select-service hotels, has acquired two properties with 221 rooms in Florida and Nebraska for $26.8 million, or $121,267/room.

The Nashville, Tenn., company paid $16 million, or $148,148/room, for the Hampton Inn & Suites in Sarasota, Fla. The 108-room property, at 975 University Parkway, includes an outdoor swimming pool, patio with barbecue grills, fitness center, two meeting rooms, internet access, complimentary breakfast and parking.

It also paid $10.8 million, or $95,575/room, for the Fairfield Inn & Suites in downtown Omaha, Neb. The property, with 113 rooms at 1501 Nicholas St., offers an indoor pool, meeting room and fitness center, as well as free breakfast, internet access and parking. It is within walking distance from Creighton University, the CenturyLink sports arena and convention center and the TD Ameritrade baseball stadium.

Scarlett is led by its founders, Andrew Scarlett, Rob Sadoff and Zio Pekovic. Scarlett previously managed a dual-branded Courtyard and Residence Inn hotel in downtown Austin, Texas; Sadoff worked for First Hospitality Group Inc., a...


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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • States: Florida, Nebraska
  • Sector: Hotel & Resort
  • Private: Yes
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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