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Raleigh Hotel Investor Snags Recently Built Triangle-Area Home2 Suites Hotel

RevPar Cos. Sells Four-Story Hotel in Morrisville for $16 Million
RevPar Cos. completed construction on the Home2 Suites in Morrisville, North Carolina, in October.
RevPar Cos. completed construction on the Home2 Suites in Morrisville, North Carolina, in October.
By Edward Breeden
CoStar Research
December 10, 2018 | 9:00 P.M.

Raleigh, North Carolina-based hotel investor Narsi Properties purchased a recently built Home2 Suites by Hilton hotel in Morrisville, North Carolina, for $16 million, or about $160,000 per key.

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