AWH Partners acquires Hotel Trio Healdsburg in Sonoma

The $38 million purchase marks the company's first acquisition for its Strategic Income Fund

Published on Feb. 21, 2026

Got story updates? Submit your updates here. ›

AWH Partners, a real estate investment firm, has acquired the 122-room Hotel Trio Healdsburg in Sonoma County, California. The all-suite property is the sole Marriott-branded hotel in northern Sonoma and was purchased for $38 million, which the company says is a significant discount to the estimated replacement cost. AWH Partners projects an average annual dividend above 8% and a net levered IRR of 17.40% from the investment.

Why it matters

This acquisition represents AWH Partners' first for its newly introduced Strategic Income Fund, demonstrating the company's ability to identify attractive investment opportunities in desirable leisure destinations like Sonoma County. The purchase also expands AWH's hospitality portfolio, which previously included a dual-branded Residence Inn/Fairfield Inn & Suites property in Broomfield, Colorado.

The details

AWH Partners purchased the Hotel Trio Healdsburg, a soft-branded Residence Inn, through its wholly owned subsidiary Spire Hospitality, which will operate the property. The company says it was able to acquire the recent-vintage, high-quality asset at a significant discount to the estimated replacement cost of over $500,000 per key in Sonoma County.

  • AWH Partners acquired the Hotel Trio Healdsburg in February 2026.
  • In November 2024, AWH Partners acquired a dual-branded Residence Inn/Fairfield Inn & Suites property in Broomfield, Colorado.

The players

AWH Partners

A real estate investment firm that has acquired the Hotel Trio Healdsburg in Sonoma County, California as the first purchase for its Strategic Income Fund.

Spire Hospitality

AWH Partners' wholly owned subsidiary that will operate the Hotel Trio Healdsburg property.

Russ Flicker

AWH Partners' co-founder and partner who commented on the company's ability to identify attractive investment opportunities.

Got photos? Submit your photos here. ›

What they’re saying

“This announcement further demonstrates our ability to pinpoint attractive opportunities through our data-driven AI-supported research platform.”

— Russ Flicker, Co-founder and Partner, AWH Partners

The takeaway

AWH Partners' acquisition of the Hotel Trio Healdsburg highlights the company's strategic focus on identifying high-quality hospitality assets in desirable leisure destinations, leveraging data-driven analysis to find investment opportunities that align with its income-focused strategy.