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Staybridge Suites OZ
Hotel / Hospitality | Wilmington, DE

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The redevelopment of a 98,970 SF office building to a 134-key, extended-stay, urban Staybridge Suites hotel by IHG located in the heart of Downtown Wilmington, recognized as an opportunity zone and part of the Wilmington Redevelopment District.

Deal Highlights

  • 1st Qualified OppZone w/ Assoc. Tax Benefits in Wilmington
  • Short Conversion Time with Year 1 Cash Flow
  • Guaranteed Maximum Price Contract In-Place
  • $1M Rebate for Revitalizing Downtown
  • Location with Healthcare Demand in a Transportation hub
  • Experienced Operator
  • Corporate Market Demand & Six Million Annual Leisure Visitor
  • High Concentration of Financial Services Jobs
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