Hotel Online  Special Report


.
Thompson Calhoun Fair Brokers Sale of the Amerihost Inn
in Le Mars, Iowa and the Amerihost Inn
in LaGrange, Georgia

.

ATLANTA, Georgia, May 24, 2004 - Thompson Calhoun Fair, LLC, an Atlanta-based hotel real estate firm, announced today it advised Arlington Hospitality in the disposition of the AmeriHost Inn in Le Mars, Iowa and the AmeriHost Inn in LaGrange, Georgia.

In Le Mars the 63-room, limited-service property is located at 1314 12th Street. The hotel is comprised of a two-story building and features a spacious indoor pool area including a whirlpool, a small meeting room accommodating up to 25 people, continental breakfast area located in the lobby area, fitness center and individual deluxe whirlpool suites. The property was sold to T&L Properties for an undisclosed amount.
.

Mark Fair, a principal of the firm stated, the AmeriHost Inn in Le Mars, Iowa was a very strong performing property. The buyers were local and this was their first hotel acquisition. The property will remain in the AmeriHost system under a long-term franchise agreement with Cendant.

The AmeriHost Inn in LaGrange, Georgia is a limited-service, 59-room property located at 107 Hoffman Drive. The hotel is comprised of a two-story, wood frame building and features an indoor pool including whirlpool and sauna, a small 


 From the left - Al Calhoun, Mark G. Fair (sitting),
and H. Keith Thompson
meeting room and two whirlpool suites. The property was sold to Preeyanka, Inc. for an undisclosed amount.

Al Calhoun, a principal of the firm stated, “LaGrange is a distant suburb to Atlanta and from all indicators could benefit from the rapid growth of the metro area’s demand generators. The buyer is located in LaGrange and will operate two facilities in the market. We expect he will benefit from operational savings and from rate management between the two facilities.

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:

Mark Fair
  Thompson Calhoun Fair, LLC
  404-995-8970
  mfair@tcfhotels.com
  www.tcfhotels.com

.
Also See: Thompson Calhoun Fair, LLC, Brokers Sale of the former HomeGate Studios and Suites - El Paso, Texas / June 2004
Thompson Calhoun Fair, LLC, Brokers Sale of the Days Inn MainGate East - Orlando, Florida / May 2004
Thompson Calhoun Fair, LLC, Brokers Sale of the Holiday Inn University Area - South Bend, Indiana / May 2004
Thompson Calhoun Fair, LLC, Brokers Sale of the Radisson Hotel Atlanta Airport - Atlanta, Georgia / April 2004
Thompson Calhoun Fair, LLC, Brokers Sale of Clarion Inn & Suites Blue Ash in Cincinnati and the Homegate Studios in San Antonio / March 2004
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


To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.