Hotel Online  Special Report


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Thompson Calhoun Fair Brokers Sale of the
Holiday Inn Midtown - Savannah, Georgia

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ATLANTA, Georgia, August 2, 2004 - Thompson Calhoun Fair, LLC, an Atlanta-based hotel real estate firm, announced today that it advised Gateway Hotels, Inc. in the disposition of the Holiday Inn Midtown in Savannah, Georgia. The hotel is located in a commercially oriented, mid-market area located on Abercorn Street, the major street artery that traverses the city and provides access from Interstate 95 to historic downtown Savannah. Constructed in 1982, the property is a 171-room hotel encompassing over 2,755 square feet of function space including the Magnolia Ballroom, which is divisible into four meeting rooms. The Holiday Inn Midtown also offers a restaurant, lounge, outdoor swimming pool and fitness center. The property was sold to Stafford Savannah, LLC of Tifton, Georgia, for an undisclosed amount.
 
Keith Thompson, a partner the firm stated, “The transaction was very timely for both the seller and the buyer. The seller is relocating his operational hub from the Savannah market and the buyer is expanding on an already large commercial real estate portfolio in the Savannah area. The transaction should be very accretive to the buyer’s investment due to the stability of the Savannah lodging market.”

About Thompson Calhoun Fair

Thompson Calhoun Fair was formed to focus on servicing the transaction needs 


 From the left - Al Calhoun, Mark G. Fair (sitting),
and H. Keith Thompson
of clients in all segments of the hotel industry.  Founded in 2000, Thompson Calhoun Fair is headquartered in Atlanta and is national in scope. Thompson Calhoun Fair can be found on the Web at www.tcfhotels.com.

 
Contact:

H. Keith Thompson
  Thompson Calhoun Fair, LLC
404-995-8970
  kthompson@tcfhotels.com
www.tcfhotels.com

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Also See: Thompson Calhoun Fair Brokers Sale of the AmeriHost Inn - Hudsonville, Michigan / July 2004
Thompson Calhoun Fair Brokers Sale of the Holiday Inn Express in Memphis, Tennessee / July 2004
Thompson Calhoun Fair Brokers Sale of the Amerihost Inn in Le Mars, Iowa and the Amerihost Inn in LaGrange, Georgia / June 2004
Thompson Calhoun Fair, LLC, Brokers Sale of the Howard Johnson Express Inn - Fort Myers, Florida / June 2004
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


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