Hotel Online Special Report

Pinnacle Realty Investments Advises on Over $400 million in
Hotel Transactions in First Quarter 2006 Including the
World-Famous Hay Adams Hotel
Boston, Massachusetts – April 20, 2006 – Pinnacle Realty Investments (PRI) announced that the firm acted as advisor on over $400 million in hotel transactions during the first quarter of 2006.  The transactions included the world famous Hay Adams Hotel in Washington, DC, a portfolio of six full-service hotels located throughout the western states, a Renaissance hotel, and a Sheraton Four Points.  

Matthew Kenney, Managing Partner for PRI noted that this was a banner period for the firm.  “We’re very proud of these deals because they show the breadth of our abilities”, said Kenney. “These were all very different deals in different geographical areas,” Kenney continued, “ We did a lot of in-depth research to make sure that we thoroughly understood the nuances of each transaction in order to effectively identify and communicate with prospective purchasers.” 

In 2005 Transaction volume for Pinnacle Realty Investments topped $1.4 billion.  Kenney indicated that the strong start to the year bodes well for a similarly strong 2006.  “Our focus is on the client not the size of the deal, as a result, our clients keep coming back to us with more and more exciting and challenging opportunities,” said Kenney.

About Pinnacle Realty Investments
Pinnacle Realty Investments is a national boutique hotel real estate brokerage firm specializing in transactions, mortgage capital and equity sourcing.  For more information contact Matthew Kenney at (617) 523-0001.    

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Contact

Pinnacle Realty Investments
Matthew Kenney
76 Canal Street
2nd Floor
Boston, MA 02114
Phone:  (617) 523-0001

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Also See 2005 A Record Year for Pinnacle Realty Investments with $1.4 Billion in Hotel Transactions / February 2006
Pinnacle Realty Investments Executes on Over $400 million in Gross Transactions for 2005 Year to Date / July 2005
Pinnacle Realty Investments Continues to Execute on Behalf of its Clients Nationwide / November 2004
Pinnacle Advisory Group Announces Opening of Florida Practice Office / April 2004
Pinnacle Realty Investments the Exclusive Advisor in Securing $47 million in Proceeds for the Refinancing of the 273 room Embassy Suites Hotel at Logan International Airport / April 2004
Pinnacle Realty Investments Arranges Financing for New Kimpton Hotel to be Developed in Downtown Boston / June 2002
Pinnacle Advisory Group Establishes Hospitality Asset Restructuring Services Group / Jan 2002 


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