Hotel Online  Special Report


.
Thompson Calhoun Fair, LLC, Brokers Sale of
Clarion Inn & Suites Blue Ash in Cincinnati
and the Homegate Studios in San Antonio

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ATLANTA, Georgia, March 30, 2004 - Thompson Calhoun Fair, LLC, an Atlanta-based hotel real estate firm, announced today it advised Midland Loan Services, Inc. in the disposition of the Clarion Inn & Suites Blue Ash located at the southwest corner of Interstate 71 and Pfeiffer Road in Cincinnati, Ohio.  Blue Ash is located approximately 12 miles northeast of downtown Cincinnati. The six-story Clarion Inn & Suites offers 177 guest rooms including 45 two-room executive suites.  The property features a full-service restaurant, indoor pool and bar, fitness center, game room, business center and approximately 19,500 square feet of meeting space including a 5,100 square foot ballroom. The property was sold to Trivedi and Associates, LLC, for an undisclosed amount.

Keith Thompson, a founding partner of the firm, stated “the transaction was very timely for both the seller and the buyer. The buyer plans to renovate and reposition for future demand growth, and given the property’s prominent location in the Blue Ash area of Cincinnati, it should be well received.”
 

Also Thompson Calhoun Fair, LLC announced today it advised Criimi Mae Services, LP in the disposition of the HomeGate Studio & Suites located at 10950 Laureate Drive in San Antonio, Texas. The property is off of the I-10 corridor adjacent to the Fiesta Texas Theme Park.  The hotel was built in 1985 and features 126 suites each comprised of a kitchen with a refrigerator, microwave and sink and a separate dining area. The property was sold to IH-10 Enterprise, Inc., a Texas company, for an undisclosed amount.
 From the left - Al Calhoun, Mark G. Fair (sitting),
and H. Keith Thompson

About Thompson Calhoun Fair

Thompson Calhoun Fair was formed to focus on servicing the transaction needs of clients in the mid-tier segment of the hotel industry, those ranging from $5 to $30 million in asset value. Founded in 2000, Thompson Calhoun Fair is headquartered in Atlanta. Thompson Calhoun Fair can be found on the Web at www.tcfhotels.com.


 
Contact:
H. Keith Thompson
  Thompson Calhoun Fair, LLC
3414 Peachtree Road NE, Suite 1505
Atlanta, Georgia USA 30326-1114
  404-995-8970
  kthompson@tcfhotels.com
www.tcfhotels.com
Also See: Thompson Calhoun Fair Brokers Sale of the Holiday Inn Express - Orlando, Florida / January 2004
ThompsonCalhounFair Closes 1 Hotel Transaction Every 7 Days in 2003 / January 2004
Thompson Calhoun Fair Brokers Sale of Atlanta Homewood Suites Buckhead for $12.8 million / Sept 2001
Thompson Calhoun Fair, LLC. Formed by Industry Veterans to Sell Hotel Assets / August 2000


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