Jones Lang LaSalle Closes 15-Property Portfolio Sale
ATLANTA, GA, December 4, 2006. Jones Lang LaSalle Hotels Select Service Division announced today that they advised Focus Hospitality Services, LLC in the disposition of a portfolio of 15 select service hotels. The hotels were sold to a private partnership sponsored by Konover Hotel Corporation for an undisclosed amount.
Located in three prime locations across the United States, the properties comprise 1,103 rooms and include the following assets:
Hampton Inn Kansas City, KS 7
Holiday Inn Express Kansas City, KS
Hampton Inn Marshall, MI
Holiday Inn Express Marshall, MI
Holiday Inn Express Chelsea, MI
Holiday Inn Express Mishawaka, IN
Country Inn & Suites Mishawaka, IN
Holiday Inn Express Fremont, IN
Holiday Inn Express Howe, IN
Holiday Inn Express LaPorte, IN
Holiday Inn Express Portage, IN
Holiday Inn Express & Suites Warswa, IN
Holiday Inn Express Adrian, MI
Carlton Lodge Adrian, MI
Super 8 Adrian, MI
"We were delighted to achieve an excellent result for our client, Focus Hospitality Services, LLC, in terms of procuring a buyer that recognized the value of this exceptional select service hotel portfolio," said Monty Levy, senior vice president for Jones Lang LaSalle Hotels' Select Service Division.
Mark von Dwingelo, senior vice president for Jones Lang LaSalle Hotels' Select Service Division, said "The Jones Lang LaSalle Hotels marketing team overcame several market perception hurdles including the number of properties located in smaller, Midwest markets, a mix of select-service, economy and independent affiliations and the fact that all the hotels are under 100 rooms in size. The team ran a competitive bid process that resulted in a number of attractive, qualified offers for one or more of the properties."
"Monty, Mark and the entire Jones Lang LaSalle Hotels team helped us achieve our objective in the sale of this portfolio and provided us with invaluable guidance and advice throughout the entire process," said Jerry Good, president for Focus Hospitality Services, LLC.
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 
