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Blue Suede Hospitably Group buys Quirk Hotel for $24M in Historic Downtown Charlottesville

Quirk Hotel is the first boutique art hotel to be built in Charlottesville’s Historic District

CHARLOTTESVILLE, VIRGINIA, April 30, 2024 – Cushman & Wakefield | Thalhimer is excited to announce the acquisition of Quirk Hotel by Blue Suede Hospitality in Charlottesville, Virginia.

Blue Suede Hospitality Group, founded in 2020, is a New York-based firm specializing in hotel acquisitions and management. It has a growing portfolio of hotels across different locations. Blue Suede recently purchased the Quirk Hotel in Charlottesville and will guide the property through a full rebrand in the coming months.

Quirk Hotel Charlottesville enjoys an outstanding location on West Main Street, just steps from the Downtown Mall and the University of Virginia grounds.

Blue Suede Hospitality Group, LLC purchased the site from Quirk Charlottesville, LLC for $24,000,000.

John Pritzlaff and Jenny Stoner of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser, Blue Suede Hospitality Group.

For Further Information Contact:
John Pritzlaff
Senior Vice President
+1 434 234 8416
john.pritzlaff@thalhimer.com

Jenny Stoner
Senior Vice President
+1 434 234 8417
jenny.stoner@thalhimer.com

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs more than 450 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 27 million square feet of commercial property, and 10,000 multifamily units. In 2023, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.7 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services, including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties. To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.
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Written on May 2, 2024