Alchemy Finalizes Sale of Three Fairfield by Marriott Hotels in Missouri, Ohio, and Kentucky
Institutional seller exits three Fairfield assets; local investors acquire core-branded limited-service product
Alchemy Real Estate Advisors has completed the sale of three Fairfield by Marriott Inn & Suites hotels on behalf of a large institutional owner. The portfolio includes properties in Lexington Keeneland Airport (Kentucky), Dayton, South (Ohio), and Kansas City, Lee’s Summit (Missouri). Each asset was acquired by a separate, private local investor. The sales efforts highlight Alchemy’s ability to execute multi-market transactions and engage regionally based buyers.
All three hotels will continue operating under the Fairfield by Marriott flag. The acquisitions expand each buyer’s portfolio with well-located, core-branded, limited-service assets in high-performing secondary markets.
In Lexington, the Keeneland Airport hotel benefits from proximity to Blue Grass Airport, Keeneland Racetrack, the University of Kentucky, and major retail and tourism destinations.
The Dayton South hotel, located off I-675 and I-75, is near Dayton Mall, Austin Landing, and the University of Dayton, with nearby corporate demand from LexisNexis and Reynolds and Reynolds.
In the Kansas City metro, the Lee’s Summit hotel draws demand from Arrowhead Stadium, Kauffman Stadium, Summit Fair, and nearby employers, including GEHA and CVS CareMark.
“This type of institutional disposition demands speed, certainty, and seamless execution—especially across multiple markets,” said Brent Clemens, Principal and Founder of Alchemy Real Estate Advisors. “This three-state closing reflects our ability to place assets with the right local investors while affording our institutional sellers scale in broader portfolio dispositions.”
Terms of the transactions were not disclosed.
