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Neptune Hospitality Advisors Arranges Sale of Radisson
Convention Center Hotel in Visalia, California
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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.

Neptune Hospitality Advisors is a real estate investment bank dedicated to the hotel industry. As a boutique, client-focused firm, Neptune  provides a principal-to-principal focus and a sophisticated approach to providing investment sales, financing and capital raising services, and advisory services to the hospitality industry.

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

Neptune Hospitality Advisors, Inc.
The Aventine Building
8910 University Center Lane
Suite 420
San Diego, CA  92122
P. (858) 964-5678
F. (858) 964-5679
www.neptuneha.com

 
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Also See: Neptune Hospitality Advisors Arranges Acquisition Financing for Purchase of Hilton Salt Lake City Airport / November 2005
Neptune Hospitality Advisors Secures $10 million Debt Financing for Purchase and Renovation of 276 room Phoenix, Arizona Hotel / October 2005
Neptune Hospitality Advisors Structures $17 million Debt Financing for Purchase of 295-room Doubletree in downtown Albuquerque, New Mexico / October 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Historic Sheraton Gunter Hotel in Downtown San Antonio / July 2005
Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / June 2005
Neptune Hospitality Advisors to 'Market for Sale' the Radisson Riverfront and the Radisson City Center Hotels in Saint Paul / June 2005
Neptune Hospitality Advisors Arranges $37 million Financing for Creative Hotel Associates Portfolio Recapitalization  / March 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Austin, Texas Hotel / November 2004
Neptune Hospitality Advisors Arranges Sale of Albuquerque Hotel / October 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Tampa-area Hotel / October 2004
Neptune Hospitality Advisors Arranges Refinancing of Unizan Plaza Office Building in Downtown Canton, Ohio / September 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004
Neptune Hospitality Advisors Arranges Acquisition Financing of Nashville Hotel / June 2004
Neptune Hospitality Advisors Represents Purchaser and Arranges Acquisition and Renovation Financing of Albuquerque Hotel / March 2004


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