Hotel Online  .Special Report


Neptune Hospitality Advisors Arranges Sale
of Hilton Garden Inn Tampa North
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SAN DIEGO, California - - November 10, 2006 - - Neptune Hospitality Advisors announced today that it has arranged the sale of the 148-room Hilton Garden Inn Tampa North in Temple Terrace, Florida. The buyer was a partnership sponsored by Noble Investment Group, LLC and Somera Capital Management, LLC.  The seller, American Property Management Corporation (“APMC”), originally acquired the asset in September 2004.  The sale price was not disclosed. 

Built in 2000, the hotel is located in the heart of the Tampa Oaks business complex amidst over two million square feet of office space; the hotel benefits from both its business clientele as well as it proximity to Busch Gardens and the University of South Florida.

“This sale represents the first of two Hilton Garden Inns being sold by Neptune on behalf of APMC,” commented Mike Armstrong, president of Neptune Hospitality Advisors.  “The second hotel, which is currently on the market, is the 120-room Hilton Garden Inn in Rancho Mirage, California.”

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

For more information, contact Michael D. Armstrong at (858) 964-5678 or view the company website at www.neptuneha.com

 
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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 $103 million Loan for Six Resort Hotels in Mexico / October 2006
Neptune Hospitality Advisors Arranges $39 million Loan for the Purchase of the Hilton Suites Dallas North / September 2006
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Neptune Hospitality Advisors Arranges $5.5 million to Refinance Texas Hotel / September 2006
Neptune Hospitality Advisors Arranges $22 million Acquisition of Wyndham Dallas Hotel/ June 2006
Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / May 2006
Neptune Hospitality Advisors Arranges $49 million Financing of 672 room Portfolio / April 2006
Neptune Hospitality Advisors Arranges $30 million Financing for Hansji Hotels / March 2006
Neptune Hospitality Advisors Advises Port Authority in Sale of the Two Largest Hotels in Downtown Saint Paul, Minnesota / March 2006
Neptune Hospitality Advisors Arranges $25 million Financing of Downtown San Diego Radisson Hotel / March 2006
Neptune Hospitality Advisors Arranges Re-financing of Hilton Garden Inn Tampa North / March 2006
Neptune Hospitality Advisors Arranges Sale of Radisson Convention Center Hotel in Visalia, California / March 2006
Neptune Hospitality Advisors Arranges Acquisition Financing for Purchase of Hilton Salt Lake City Airport / November 2005
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Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004
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