According to Lou Plasencia, President and Chief Executive Officer of The Plasencia Group, this eight property, 2,204 room portfolio represents a unique combination of geographic diversity, performance and upside potential rarely found in today's market. From the leading-edge Executive Meeting Centers in Rockville, Md.; Somerset, N.J. and Skokie, Ill. to an oceanfront in Fort Lauderdale, Fla. and a boutique hotel in New Orleans' French Quarter, this was a unique investment opportunit

Dan Peek, Managing Director of TPG's Regent Street affiliate, noted, "The sale of the portfolio allowed our client, Thayer Lodging Group, to close-out a highly successful investment fund while allowing Pyramid the opportunity to rapidly grow their company and begin to realize the inherent long-term value found in these properties and locations."

The Properties included:

• Crowne Plaza Hotel -- 255 Rooms Austin, Texas
• Doubletree Fort Lauderdale Oceanfront -- 231 Rooms Fort Lauderdale, Fla.
• Maison Dupuy Hotel -- 200 Rooms New Orleans, La.
• Doubletree New Orleans Lakeside Hotel -- 210 Rooms Metairie, La.
• Doubletree Hotel & Executive Meeting Center -- 368 Rooms Skokie, Ill.
• Doubletree Hotel & Executive Meeting Center -- 361 Rooms Somerset, N.J.
• Sheraton Suites Plantation -- 264 Rooms Plantation, Fla.
• Doubletree Hotel & Executive Meeting Center -- 315 Rooms Rockville, Md.

Jessica Corcoran
The Plasencia Group
214-477-0701
[email protected]

Steve Gaynes
Cashman + Katz
860-734-0521
[email protected]