Hotel Online Special Report

Jones Lang LaSalle Hotels Select Service
Division Closes 10 Hotel Transactions

ATLANTA – October 4, 2005 – Jones Lang LaSalle Hotels Select Service Division announced today that they advised multiple sellers in the disposition of 10 hotels in the month of September. Located in urban and suburban markets across the country, the properties comprised 2,612 rooms, which included these assets:
.
Property
Location
Rooms
Hotel Syracuse Syracuse, New York 638
Holiday Inn Express Gadsden, Alabama 141
Ramada Inn Woodlawn  Charlotte, North Carolina 432
Econo Lodge  Bossier City, Louisiana 165
Lancaster Host Hotel Lancaster, Pennsylvania  330
Sturbridge Host Hotel Sturbridge, Massachusetts 233
Heritage Inn Columbus, Georgia 154
Marietta Garden Hotel  Marietta (Atlanta), Georgia  218
Days Inn   Tampa, Florida 175
Days Inn  Fort Myers, Florida 126
.
Keith Thompson, one of three managing directors of the Select Service Division stated, “With these last 10 transactions, Jones Lang LaSalle Hotels Select Service Division continues to lead the country in mid-market hotel real estate transactions. These 10 transactions are representative of the geographical reach of the Select Service Division. Of the referenced transactions, four were lender owned, two were very complicated debt assumptions, two were owned by public companies and the remaining two were private sellers. All 10 buyers were privately-held hotel companies. We continue to witness strong transactional growth in the mid-market hotel real estate sector across all brands, locations, physical size and economic levels.”

About Jones Lang LaSalle Hotels

Jones Lang LaSalle Hotels, the world’s leading hotel investment services group, provides clients with value-added investment opportunities and advice. In the US, Jones Lang LaSalle Hotels is ranked as the leading transaction advisor for hotel sales over $25 million. In 2004, its global success story includes the sale of 23,103 hotel rooms to the value of US$5.2 billion in 85 cities and advisory expertise on 132,498 rooms to the value of US$27.9 billion across 301 cities. Jones Lang LaSalle Hotels’ services include transactions, mergers and acquisitions, financial advice and capital raising, valuation and appraisal, asset management, strategic planning, operator assessment and selection and industry research. Jones Lang LaSalle (NYSE: JLL) is the world’s leading real estate services and investment management firm, operating across more than 100 key markets on five continents. www.joneslanglasallehotels.com

###
Contact

Keith Thompson
Jones Lang LaSalle Hotels
3414 Peachtree Road NE
Suite 1505
Atlanta, Ga. 30326
404-995-8970
hkeith.thompson@am.joneslanglasalle.com

.
Also See: Jones Lang LaSalle Hotels Select Service Division Closes Seven Hotel Transactions / July 2005
.

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.