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Convention Center Hotel in Visalia, California |
SAN
DIEGO, California -February 29, 2006 - Neptune Hospitality Advisors, Inc.
is pleased to announce that it has arranged the sale of the Radisson Convention
Center Hotel in Visalia, California. The 201-room hotel sold to Presidian
Companies. Presidian plans to convert the hotel into a Marriott Hotel following
a $6.2 million renovation. The hotel was sold by Heritage Hotels and Resorts.
"This sale represents another successfully structured transaction for Neptune Hospitality Advisors. California continues to be one of the hottest hotel markets in the country. Because of the strength of the market, California hotels continue to fetch some of the highest prices in the country," commented Mr. Armstrong.
For more information, contact Michael Armstrong at (858) 964-5678 or email mike@neptuneha.com or view the company website at www.neptuneha.com. |
Contact
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The Aventine Building 8910 University Center Lane Suite 420 San Diego, CA 92122 P. (858) 964-5678 F. (858) 964-5679 www.neptuneha.com |