What was the deal size on the Hampton Inn & Suites Altoona?

$9,200,000. Permanent Financing closed in 2020. 96 keys, Altoona, IA.

Who at Matthews Hotel Markets executed this transaction?

Luke Thompson, Miles Cortez. The transaction was sourced through direct relationships with the buyer pool active in this segment and market at the time of close.

Where can I see comparable Hilton closes?

Matthews's full closed-transaction list is at /closed. Filter by segment, brand, year, or market. We publish public-data fields on every closed deal where seller permission allows; some confidentiality applies to ownership and pricing where the engagement was off-market.

What were the key value drivers in this transaction?

96-key select service (Hilton) in Altoona, IA. Permanent Financing. The transaction process surfaced underwriting, brand standards, PIP cycle, and market demand factors typical for this asset profile.

Is Matthews currently advising on similar Select Service mandates?

Yes — Matthews actively executes select service dispositions and acquisitions across the United States. Active mandates and recent closes are at /listings and /closed. For confidential conversations on a similar disposition or acquisition, the team responds within 24 hours.

Closed TransactionsAltoona, IA

Permanent Financing

Hampton Inn & Suites Altoona. Closed 2020.

Matthews Hotel Markets advised on the permanent financing of the Hampton Inn & Suites Altoona, a 96-key select service hotel operating under the Hilton flag in Altoona, IA.

Deal Size: $9,200,000
Keys: 96
Segment: Select Service
Sponsor: Family Office
Brand: Hilton
Region: Midwest
Closed: 2020

Brokers on this transaction

Luke Thompson

VP & Director, Capital Markets

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Miles Cortez III

VP & Director, Hospitality Capital Markets

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Hampton Inn & Suites Altoona transaction FAQ

What was the deal size on the Hampton Inn & Suites Altoona?: $9,200,000. Permanent Financing closed in 2020. 96 keys, Altoona, IA.
Who at Matthews Hotel Markets executed this transaction?: Luke Thompson, Miles Cortez. The transaction was sourced through direct relationships with the buyer pool active in this segment and market at the time of close.
Where can I see comparable Hilton closes?: Matthews's full closed-transaction list is at /closed. Filter by segment, brand, year, or market. We publish public-data fields on every closed deal where seller permission allows; some confidentiality applies to ownership and pricing where the engagement was off-market.
What were the key value drivers in this transaction?: 96-key select service (Hilton) in Altoona, IA. Permanent Financing. The transaction process surfaced underwriting, brand standards, PIP cycle, and market demand factors typical for this asset profile.
Is Matthews currently advising on similar Select Service mandates?: Yes — Matthews actively executes select service dispositions and acquisitions across the United States. Active mandates and recent closes are at /listings and /closed. For confidential conversations on a similar disposition or acquisition, the team responds within 24 hours.