Jones Lang LaSalle Hotels Select Service Division Closes 10 Hotel Transactions
ATLANTA, GA, October 4, 2005. Jones Lang LaSalle Hotels Select Service Division announced today that they advised multiple sellers in the disposition of 10 hotels in the month of September. Located in urban and suburban markets across the country, the properties comprised 2,612 rooms, which included these assets:
Hotel Syracuse - Syracuse, New York
Holiday Inn Express - Gadsden, Alabama
Ramada Inn Woodlawn - Charlotte, North Carolina
Econo Lodge - Bossier City, Louisiana
Lancaster Host Hotel - Lancaster, Pennsylvania
Sturbridge Host Hotel - Sturbridge, Massachusetts
Heritage Inn - Columbus, Georgia
Marietta Garden Hotel - Marietta (Atlanta), Georgia
Days Inn - Tampa, Florida
Days Inn - Fort Myers, Florida
Keith Thompson, one of three managing directors of the Select Service Division stated, "With these last 10 transactions, Jones Lang LaSalle Hotels Select Service Division continues to lead the country in mid-market hotel real estate transactions. These 10 transactions are representative of the geographical reach of the Select Service Division. Of the referenced transactions, four were lender owned, two were very complicated debt assumptions, two were owned by public companies and the remaining two were private sellers. All 10 buyers were privately-held hotel companies. We continue to witness strong transactional growth in the mid-market hotel real estate sector across all brands, locations, physical size and economic levels."
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