ATLANTA – January 13, 2006 – Jones Lang LaSalle Hotels Select Service
Division announced today that they advised multiple sellers in the disposition
of 19 hotels in the month of December. Located in urban and suburban markets
across the country, the properties comprised 2,458 rooms, which included
these assets:
..
|
Property
|
Location
|
Rooms
|
| Motel 6 |
Memphis, TN |
124 |
| Comfort Suites |
Tucson, AZ |
90 |
| Holiday Inn |
Southern Pines, NC |
162 |
| Fallside Inn |
Niagara Falls, NY |
197 |
| Inn on the River |
Niagara Falls, NY |
138 |
| Hampton Inn Buckhead |
Atlanta, GA |
154 |
| Hampton Inn Atlanta Airport |
Atlanta, GA |
129 |
| Hampton Inn Cumberland Mall |
Atlanta, GA |
127 |
| Hampton Inn Newark Airport |
Newark, NJ |
151 |
| Hampton Inn Philadelphia |
King of Prussia, PA |
146 |
| Hampton Inn Raleigh North |
Raleigh, NC |
128 |
| Hampton Inn San Antonio Six Flags |
San Antonio, TX |
120 |
| Hampton Inn Meadowlands |
Secaucus, NJ |
150 |
| Hampton Inn Tampa Airport |
Tampa, FL |
133 |
| University Inn Hattiesburg |
Hattiesburg, MS |
125 |
| Residence Inn Glendale |
Milwaukee, WI |
96 |
| Courtyard by Marriott Brown Deer |
Milwaukee, WI |
115 |
| Days Inn Salisbury |
Salisbury, NC |
91 |
| Swiss Chalet |
Ruidoso, NM |
82 |
.,
“Of the 19 transactions we arranged in December, 15 were owned by private
investment groups while only four were lender owned. This is a huge shift
from a year ago where most transactions were lender owned and the private
capital was just beginning to escalate,” said Keith Thompson, one of three
managing directors for Jones Lang LaSalle Hotels Select Service Division.
“We are clearly in a seller’s market where property value is dictated by
brand protection, timeless design of the physical structure and market
locale. The Jones Lang LaSalle Hotels Select Service Division continues
its performance of closing at least one hotel transaction every six to
seven days.”
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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