First American Finances 238th Wyndham Worldwide
APRIL 27, 2007. First American Realty Associates announced that it had secured a $4.6 million long-term, fixed-rate, non-recourse acquisition loan on the 4-story, 92-unit Baymont Inn & Suites located at 8400 Lyra Drive off of the Polaris Parkway between I-71 and US 23 in Columbus, OH. Subsequent to the acquisition, the property was converted to a Comfort Inn.
This was the 238thth Wyndham Worldwide-branded property and 10th hotel in the State of OH financed by First American Realty. Joe Epstein, President and Founder, arranged the financing on behalf of Newport Polaris, LLC. The hotel is operated by Newport Hospitality Group of Williamsburg, VA.
"We were impressed and proud to work with Joe Epstein and First American Realty on this transaction," said Andrew Carey of Newport Hospitality Group, the buyer's representative in the transaction. "They were asked to complete acquisition financing in less than a month - somehow they made what seemed like the impossible, possible."
The nationally recognized VA-based hotel management company operates 22 hotels in 11 states. These include Marriott, Hilton, Intercontinental, Carlson, Choice, Best Western, and independent-branded properties.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
