Hamister Group has sold one of its earliest investments as it readjusts its real estate portfolio and generates some returns for its owners.
The Buffalo-based hospitality management company said it sold its 81-suite Mainstay Suites Hotel in Alcoa, Tenn., near the Knoxville Airport.
The hotel includes in-room kitchens, on-site parking and an outdoor seasonal swimming pool and is located within five miles of the Knoxville Convention Center.
The sale to a local owner and operator closed on Feb. 22. Hamister did not reveal the price.