Hunter Brokers SpringHill Suites Transaction
APRIL 10, 2008. Hunter Realty Associates, Inc., a leading national hotel investment services firm, today announced they represented and advised the seller in the recent sale of the SpringHill Suites in Sanford, Fla. The 105-suite property was purchased by Apple Hospitality REIT and will retain the Marriott flag. Bob Hunter, president of Hunter Realty, and Lee Hunter, executive vice president, brokered the transaction.
"The Sanford SpringHill Suites attracted a good deal of interest, with Sanford's proximity to Orlando and the appeal of its Marriott-affiliated brand," Lee Hunter said. "Despite current market uncertainties, the transaction went smoothly and our client received great value for this asset. We expect well-located and well-branded properties of this caliber to continue to do well in 2008 and that there will be plenty of good opportunities for experienced buyers and sellers."
Located at 201 North Towne Road in Sanford, between Daytona Beach and Orlando, the SpringHill Suites Orlando North/Sanford features an outdoor pool and Jacuzzi, meeting space for up to 90 people and boardroom seating for 14.
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 
