Griffin Stafford Hospitality invests in and manages only one type of commercial real estate: hotels. Hotels are a unique class of commercial real estate in that they require intensive management and operations expertise. Unlike other commercial real estate types such as retail and office which are generally passive, hotels are dynamic operating businesses that produce income for investors and returns upon sale of the asset.
Griffin Stafford develops and acquires premium branded midscale to upper upscale hotels. Preference is accorded to brands owned by Hilton and Marriott International; however, other brands are considered if the market warrants. The company focuses on markets in the southeastern United States. Griffin Stafford prefers locations that offer multiple sources of hotel room rental demand, including corporate offices, distribution and manufacturing (business travel and meetings), university & medical, and leisure travel (attractions, events, athletics, social functions, etc.). The company operates hotels in Charlotte, NC, greater Durham/Chapel Hill, NC market, Charlottesville, VA and the greater Charleston, SC market.
Generally, Griffin Stafford’s hotel investments have produced annual cash-on cash returns of 10% to 17%, and internal rates of return upon sale of the asset of 15% to 20%.
