Hunter Brokers Marriott and Hilton Portfolio
AUGUST 16, 2007. Hunter Realty Associates, Inc., a leading national hotel investment services firm, today announced that they advised real estate affiliates of Palmer-Gosnell Management, Inc. on the sale of a portfolio of select-service Marriott- and Hilton-branded hotels in the Washington, D.C. metropolitan market. The 331-guestroom portfolio was purchased for a total price of $41.5 million. The four hotels-the Fredericksburg Fairfield Inn by Marriott, Chantilly Fairfield Inn by Marriott, Potomac Mills Fairfield Inn by Marriott and Hampton Inn Woodbridge-are located in the Northern Virginia suburbs of Washington, D.C. Palmer-Gosnell retained management of the three hotels which were sold to Hermani Management of New Jersey.
"The transaction was very successful for our client and the buyers," said Kyle Stevenson, managing director, Hunter Capital Advisors, the investment banking/equity placement services branch of Hunter Realty Associates. "Our client received great value for assets designated for sale. Given the strategic locations of the properties and the opportunity to create additional value, there remains significant long-term appreciation potential for the purchaser. The ability to achieve a premium price for the portfolio and retain management of selected hotels was the best possible outcome for the seller."
The current demand for hotel investment assets created a very competitive marketing process.
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 
