Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the fee-simple interests in the 108-key SpringHill Suites Lexington Near the University of Kentucky and the 91-key Residence Inn Lexington South/Hamburg Place (collectively, the “Properties” or “Hotels”). These well-performing, premium-branded, all-suite Properties offer a compelling opportunity to own institutional-quality hotels in the heart of the Bluegrass Region.
The Properties are strategically located in Lexington, the “Horse Capital of the World,” globally recognized for thoroughbred breeding and racing and set to host the prestigious Breeders’ Cup at Keeneland Racecourse later this year. Beyond its equine sector, Lexington represents a premier investment market supported by a diverse and resilient economy and nationally recognized leisure demand drivers, which draw millions of visitors to the city each year earning the city the ranking as the #1 Most Tourist-Friendly City in the U.S. (Condé Nast, 2025). The market is anchored by major institutions such as the University of Kentucky and the Bluegrass Region’s flagship bourbon distilleries, and is further strengthened by advanced manufacturing, healthcare, and film production.
The Properties are available for purchase as a single portfolio or on an individual basis.
| Property Address | 863 S Broadway |
| Year Opened | 2003 |
| Keys | 108 |
| Stories | 4 |
| Meeting Space | 325 SF |
| F&B | Complimentary Breakfast |
| Amenities |
|
| Parking | Complimentary On-Site surface Parking |
| Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
SPRINGHILL SUITES
SPRINGHILL SUITES
SPRINGHILL SUITES
| Property Address | 2688 Pink Pigeon Pkwy |
| Year Opened | 2003 |
| Keys | 91 |
| Stories | 4 |
| F&B | Complimentary Breakfast |
| Amenities |
|
| Parking | Complimentary On-Site Surface Parking |
| Interest | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
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RESIDENCE INN
RESIDENCE INN
Investment Highlights
IDEALLY LOCATED ASSETS WITHIN LEXINGTON
Both Properties benefit from premier locations within the Lexington market. Positioned directly in front of the Red Mile Racing & Gaming, the SpringHill Suites is also proximate to the University of Kentucky, University of Kentucky Albert B. Chandler Hospital, and major sports and entertainment venues, including Rupp Arena and Kroger Field. The hotel is further supported by convenient access to downtown Lexington and the 433-bed Saint Joseph Hospital.
The Residence Inn is located just off I-75, one of Kentucky’s most heavily trafficked corridors, with more than 27 million vehicles driving by the Hotel each year. The Property is within walking distance of Hamburg Pavilion, a roughly 1 million-square-foot retail destination featuring more than 100 shops and restaurants, and sits directly across I-75 from the $250-million Baptist Health Hamburg, a 344,000-square-foot medical campus that opened in April 2024.
LEXINGTON — PREMIER INVESTMENT MARKET WITH POSTIVE MOMENTUM
Lexington has long ranked among the premier markets in the South and continues to demonstrate sustained growth momentum. In October 2026, the city will host the Breeders’ Cup for the fourth time at Keeneland Racecourse — an event that, for a market of this size, generates an economic impact comparable to the Super Bowl in a major metropolitan area. As the epicenter of the Bluegrass Region’s flagship bourbon industry, Lexington benefits from global tourism tied to the Kentucky Bourbon Trail. The economy is further supported by diverse employment sectors including healthcare, advanced manufacturing, education, logistics, and agribusiness, anchored by major employers such as Toyota, Amazon, Baptist Health, the Catholic Health Initiative, and the University of Kentucky, providing long-term economic stability.
LIMITED NEW SUPPLY RISK
There are currently no hotels under construction within the same submarket as the Properties, with only two projects in final planning stage across Lexington’s CBD / Southwest Loop submarket. This presents a unique opportunity for a new owner to capture a significant share of the market for the foreseeable future.
STRONG IN-PLACE CASH FLOW WITH RENOVATION UPSIDE
Both properties rank among the top-performing select-service hotels in the Lexington market, consistently achieving approximately 30% NOI margins. Supported by their brand strength, efficient all-suite room offerings and premier locations, the Hotels generate robust cash flow, and compelling investor returns at the contemplated transaction value. A targeted renovation under new ownership would further reinforce each asset’s competitive positioning, unlock incremental revenue potential, and sustain durable in-place cash flow growth.
SPRINGHILL SUITES
ATTRACTIVE ACQUISITION BASIS
The anticipated transaction price(s) place a new owner’s all-in basis significantly below replacement cost allowing an investor to benefit substantially from a combination of location in a growing economy and upside opportunity.
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OPTIMAL OFFERING - FEE SIMPLE & UNENCUMBERED BY MANAGEMENT
The Properties are offered fee simple and free and clear of existing management, affording new ownership maximum optionality in the future operation and capitalization of the Hotels, and are available for purchase individually or as a portfolio.
SPRINGHILL SUITES