“The Hampton Inn & Suites Prattville marks our first acquisition, though it is by no means our first hotel investment,” said Bhavnesh Vivek. “With more than 40 years of combined hospitality experience, our executives have closed over 40 transactions and provided investment, advisory, and asset management services for more than $3 billion in hotel real estate. Our acquisition and development pipelines remain full, and we look forward to adding up to three acquisitions and breaking ground on two developments this year.”
The hotel is near Wilderness Park/Bamboo Forest, Town of Spectre abandoned movie set, Montgomery Zoo & Mann Wildlife Learning Museum and The Scott and Zelda Fitzgerald Museum. Amenities include a fitness center, outdoor pool, business center and 576 square feet of event space.
Bhavin Vivek said Sage Lane seeks to uncover unrealized value by targeting off-market and overlooked real estate opportunities.
“We partner with high-net-worth and institutional investors to apply our asset management expertise to value-add and opportunistic investments,” he said. “Sage Lane Partners offers flexible capital solutions that enable diversification into unconventional markets and commercial ventures, ultimately delivering strong returns. The Hampton Inn & Suites embodies this strategy, and we look forward to expanding our portfolio nationwide as we pursue our growth goals.”
“We look forward to collaborating with the Sage Lane Partners team to apply our experience to the Hampton Inn & Suites as we implement strategies to drive cash flow, maximize the asset’s value, and deliver an elevated guest experience,” said Saju.
Ed Denning, president of ARK Development, said Prattville is a growing market ideal for a select-service hotel offering the amenities most requested by business and leisure travelers. “Working with the Sage Lane Partners team, we’re excited to be part of the community and have a positive local impact,” he said.
Peachtree Group recently launched the 114-key Residence Inn Ocean Township along the Jersey Shore, its eighth DST offering since the program’s launch in 2022.
