03 Case Studies

AC Hotel Louisville Downtown

Assignment Overview

RobertDouglas advised affiliates of Concord Hospitality, Whitman Peterson, and Creation Gardens in the successful marketing and sale of the AC Hotel Louisville Downtown to Apple Hospitality REIT. The Hotel’s strong brand affiliation, location in the heart of "NuLu", one of Louisville's fastest growing neighborhood, and superior recent construction created substantial investor interest that ultimately led to the most optimal outcome for the Seller.

Property Background

The institutional-quality asset, newly built in 2018, features 156 guestrooms, the 3,290-SF leased restaurant bar Vetti, 2,629 SF of meeting space, and a parking garage with 187 spaces. The Hotel is desirably located in the heart of Downtown Louisville's hippest neighborhood, the East Market District or New Louisville ("NuLu"), which is home to award-winning restaurants and some of the most renowned distilleries, breweries, and eateries in Kentucky.

Within a mile radius, Downtown Louisville features over 17 million SF of office space, including the headquarters of Humana and Kindred Healthcare. In addition, Downtown Louisville is home to the recently renovated and expanded 960,000 SF Kentucky International Convention Center, the 22,000-seat KFC Yum! Center Arena, the 13,000-seat Louisville Slugger Field, and the 12,000-seat Louisville City Football Club Stadium.

Deal Highlights

Client (Seller):
Sale Proceeds:
Key Count:


Concord Hospitality, Whitman Peterson, and Creation Gardens
Apple Hospitality REIT
$51 million

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