News for the Hospitality Executive |
Hotel AG Structures Sale of the Rodeway Inn Hotel
in Florence, Kentucky
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ATLANTA � July 16, 2010 � Hotel Assets Group, LLC (Hotel
AG), announced today that the firm negotiated the sale of the Rodeway Inn
located in Florence, Kentucky on behalf of Midland Loan Services.
The property sold to Malaxmi, Inc. for an undisclosed amount.
Victor Kalyanji, vice president of Hotel AG stated, �We are pleased to have represented a long term institutional client on this asset and also have the opportunity to work with a buyer whom we have a long term relationship with also. � The Rodeway Inn is a three-story, 134-room structure originally built as a generation one Fairfield Inn. At the time of sale, the hotel reported 101 rooms into the Choice franchise system. The property is situated on approximately 2.87 acres and is located four miles from the Cincinnati/Northern Kentucky International Airport. About Hotel AG
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Contact:
H. Keith Thompson
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