News for the Hospitality Executive |
Hotel AG Sells Hilton Garden Inn Lafayette
Hilton Garden Inn LaFayette, LA
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ATLANTA � August 23, 2010 � Hotel Assets Group, LLC (Hotel
AG), announced today that the firm negotiated the sale of the 153-room
Hilton Garden Inn located in LaFayette, Louisiana on behalf of Jackie�s
International. The portfolio sold to Apple REIT Nine for an undisclosed
amount.
Brad Sinclair, Vice President of Hotel AG stated, �This was a unique transaction in that the property is on leased land owned by the University of Louisiana at LaFayette, giving the buyer and the university a great opportunity to work together to grow hospitality interest and programs among university students.� The Hilton Garden Inn LaFayette is a six-story, interior corridor hotel built in 2006 situated adjacent to the Cajundome and Conference Center and less than ½ mile from the University of Louisiana at Lafayette. The Buyer plans to perform minor renovations to the hotel and continue operating it as a Hilton Garden Inn. About Hotel AG
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Contact:
H. Keith Thompson
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