HOUSTON, TX, July 21, 2025: HVS Brokerage & Advisory announces the sale of the 77-key Sonesta Essential Hotels Baton Rouge Airport, located at 2949 Varsity Street, Baton Rouge, Louisiana 70807.
The hotel asset, built in 2000, was purchased by Brothers Hospitality LLC, based in Sugar Land, Texas, from Hyde LLC, based in Baton Rouge, Louisiana.
The property is situated just minutes from the Baton Rouge Metropolitan Airport (BTR), positioned to capture steady demand from transient travelers. Notably, the property’s proximity to the ExxonMobil Baton Rouge Refinery provides a built-in base of non-seasonal, extended-stay business, especially for a value-driven, limited-service brand like Sonesta Essential Hotels. Other demand generators include Louisiana State University (LSU), Southern University and A&M College, Bethesda Rehabilitation Hospital, USS KIDD Veterans Museum, Louisiana Art & Science Museum, and the LSU Museum of Art. Additionally, the nearby Raising Cane’s River Center’s convention center, theater, and arena hosts conventions, concerts, tournaments, and exhibitions year-round, contributing to robust weekend and group demand.
“While distressed sales are never ideal, they’ve become increasingly common in today’s market. Our objective was to ensure the seller felt fully confident that we were managing every aspect of the process with precision. Leveraging our deep market expertise, we ran a broad marketing push and secured multiple competitive bids. Ultimately, we selected an out-of-state buyer that had over 20% non-refundable earnest money on day one of the PSA and closed in less than three weeks," said Matthew Omansky, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Matthew Omansky, Eric Guerrero, Andrew Frosch, James Rebullida, Matt Almy, and Daneen Godinet participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The hotel asset, built in 2000, was purchased by Brothers Hospitality LLC, based in Sugar Land, Texas, from Hyde LLC, based in Baton Rouge, Louisiana.
The property is situated just minutes from the Baton Rouge Metropolitan Airport (BTR), positioned to capture steady demand from transient travelers. Notably, the property’s proximity to the ExxonMobil Baton Rouge Refinery provides a built-in base of non-seasonal, extended-stay business, especially for a value-driven, limited-service brand like Sonesta Essential Hotels. Other demand generators include Louisiana State University (LSU), Southern University and A&M College, Bethesda Rehabilitation Hospital, USS KIDD Veterans Museum, Louisiana Art & Science Museum, and the LSU Museum of Art. Additionally, the nearby Raising Cane’s River Center’s convention center, theater, and arena hosts conventions, concerts, tournaments, and exhibitions year-round, contributing to robust weekend and group demand.
“While distressed sales are never ideal, they’ve become increasingly common in today’s market. Our objective was to ensure the seller felt fully confident that we were managing every aspect of the process with precision. Leveraging our deep market expertise, we ran a broad marketing push and secured multiple competitive bids. Ultimately, we selected an out-of-state buyer that had over 20% non-refundable earnest money on day one of the PSA and closed in less than three weeks," said Matthew Omansky, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Matthew Omansky, Eric Guerrero, Andrew Frosch, James Rebullida, Matt Almy, and Daneen Godinet participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620