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Hotels We Own
Bluemont Hotel
Acquired February, 2026
1212 Bluemont Avenue
Manhattan, KS 66502
(785)473-7091
Investment Highlights:
TCOR acquired the Bluemont Hotel in February of 2026.
The Bluemont Hotel offers the opportunity to create a one- of-a-kind Graduate by Hilton hotel in Manhattan, “The Little Apple”.
The hotel is located directly across the street from the Kansas State University campus main entrance and Aggieville, which is the oldest shopping district in Kansas, with over 100 businesses including restaurants, bars and shopping.
The hotel will continue to be operated as the independent Bluemont until the renovation is complete which is planned for May of 2027. The property will be converted to a Graduate by Hilton.
HOTEL THEO NEW ORLEANS
TAPESTRY COLLECTION
Acquired July 2024
535 Gravier Street
New Orleans, LA 70130
(504) 527-0006
Investment Highlights:
- Renovate, reposition and brand exceptionally well-located hotel in New Orleans
- TCOR has a significant history of market experience in New Orleans
- Excellent proximity to corporate, leisure, university and convention demand generators
- Located between the French Quarter and Convention Center in the burgeoning Warehouse District
- Purchase price including PIP well below replacement cost and market comps
- Strength of Hilton reservation system
- New management with a long history of New Orleans success
EMBASSY SUITES BY HILTON
COLORADO SPRINGS
Acquired June 2024
7290 Commerce Center Drive
Colorado Springs, CO 80919
(719) 599-9100
Investment Highlights:
- Diverse growth market with leisure, medical, university, military, high-tech manufacturing and corporate demand generators
- Hilton brand family and segment leader brand
- Strategic PIP that will modernize and help reposition asset
- Purchase price including PIP well below replacement cost
- Close proximity to market’s top demand generators
- Management partner with extensive experience and presence in Colorado Springs
- Near 10% cap deal on in place cash flow
SPRINGHILL SUITES BY MARRIOTT AUSTIN WEST/LAKEWAY
Acquired January 2022
322 Medical Parkway
Lakeway, TX 78738
(512) 599-4434
Investment Highlights:
- Opened in August 2020 as a top business and leisure offering.
- Well located near popular attractions including Lake Travis and Hill Country Galleria
- 20 miles from Austin Bergstrom International Airport
SPRINGHILL SUITES BY MARRIOTT JACKSONVILLE
Acquired December 2019
4385 Southside Boulevard
Jacksonville, FL
32216
(904) 997-6650
Investment Highlights:
- Purchase price including PIP below replacement cost
- Well located near healthcare, leisure, military, and corporate demand generators between downtown Jacksonville and the Atlantic Coast
- Extensive renovations completed three years prior to acquisition
- Additional renovation post acquisition led by TCOR
- Superior RevPAR to competitive set through the time of acquisition
- High quality GM identified by TCOR pre-transaction
- Significant ownership-related expense reductions identified by TCOR
EMBASSY SUITES BY HILTON
BALTIMORE BWI AIRPORT
Acquired February 2019
1300 Concourse Drive
Linthicum, MD 21090
(410) 850-0747
Investment Highlights:
- Diverse market with airport, government, leisure, and corporate demand generators
- Proximity to BWI International Airport (~three miles away)
- Hilton brand family
- Purchase price including PIP significantly below replacement cost
- $2.5 million in PIP required post-acquisition
- TCOR familiarity with property from previous experience
- Property can be repositioned through further renovation and business mix