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Transactions - JANUARY 31, 2020

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Almanac provides capital for purchase of Alabama hotel

by Andrea Zander

Almanac Realty Investors provided capital for McNeill Hotel Investors’ acquisition of the newly built 131-room, upscale, select-service Hyatt Place Huntsville/Research Park in Alabama.

The hotel opened to guests in December 2019.

The Hyatt Place Huntsville/Research Park features a 24/7 Coffee to Cocktails Bar with Starbucks products, business center, meeting space, outdoor pool, fitness center, guest laundry, veranda with exterior lounge, in addition to a patio and garden area.

The Hyatt Place Huntsville/Research Park is conveniently located in the northwest quadrant of Research Park Boulevard NW/Madison Pike within the Bridge Street Town Centre, a premier mixed-use lifestyle center in Huntsville featuring more than 80 shops and restaurants and a 14-screen Cinemark movie theater. Bridge Street Town Centre also features a five-acre lake, carousel, train ride, walking trail and live weekend musical entertainment.

The Hyatt Place Huntsville/Research Park i

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