Hotel Online Special Report

Pinnacle Realty Investments Continues to
Execute on Behalf of its Clients Nationwide
November 17, 2004 - PRI acted as the Exclusive Advisor for Cornerstone Real Estate Advisers, a subsidiary of Massachusetts Mutual Insurance Company, in the sale of the 215 room Omni Indianapolis North Hotel in Indiana to HEI Hospitality, a privately held hospitality investment firm. 

PRI acted as the Exclusive Advisor to Lehman Brothers in the sale of the 285 room Hilton Hotel in Beaumont, Texas to a local investor. 

PRI acted as the Exclusive Advisor to Wellesley Inn Incorporated in the sale of the Wellesley Inn, a boutique hotel located in Wellesley, Massachusetts to a major opportunity fund based in New York City.

These Transactions were completed by Matthew Kenney, Managing Director of Pinnacle Realty Investments.

PRI is currently handling the exclusive assignment on approximately $505 million worth of lodging transactions and financings, including the Westin Hotel in Providence, Rhode Island and a lodging portfolio throughout the western United States. 

About Pinnacle Realty Investments: 
Pinnacle Realty Investments (“PRI”) the sister company of Pinnacle Advisory Group, is a boutique real estate brokerage firm headquartered in Boston, Massachusetts.  PRI focuses exclusively on lodging transactions, financing and refinancing, and the sourcing of equity on a national basis for lodging related projects and companies.  In 2004, PRI has successfully completed $330 million in transactions, mortgage capital and equity.  For more details on specific transactions please call the Boston office at (617) 523-0001.

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Contact

Pinnacle Realty Investments
Matthew Kenney
76 Canal Street
2nd Floor
Boston, MA 02114
Phone:  (617) 523-0001

Also See Pinnacle Advisory Group Announces Opening of Florida Practice Office / April 2004
Pinnacle Realty Investments the Exclusive Advisor in Securing $47 million in Proceeds for the Refinancing of the 273 room Embassy Suites Hotel at Logan International Airport / April 2004
Pinnacle Realty Investments Arranges Financing for New Kimpton Hotel to be Developed in Downtown Boston / June 2002
Pinnacle Advisory Group Establishes Hospitality Asset Restructuring Services Group / Jan 2002 


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