From Staff Reports

Hotel Indigo Asheville Downtown recently was sold for about $33 million to Summit Hotel Properties Inc., according to the Austin-based company.

The sale occurred on June 29, with the price listed, according to documents at the Buncombe County Register of Deeds.

Hospitality Lodging Investors, LP, based in York, Penn., had owned the Hotel Indigo.

Daniel Hansen, Summit president and chief executive officer, said in a prepared statement on July 9 that “our team is extremely pleased with the acquisition of the Hotel Indigo centrally located in the vibrant Asheville market.”

He added that the diversity of Asheville’s economy and the “highly desirable” nature of the Asheville market makes the 155-room Indigo “a perfect addition to our portfolio.”

Summit also has entered into a management agreement with Virginia-based Interstate Hotels  Resorts, Summit announced.

Summit plans to spend about $400,000 in capital improvements to the Indigo during the next year.

As of mid-July, Summit owned owned 93 hotels, with 11,933 guestrooms in 23 states.