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
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