News for the Hospitality Executive
(Denver, Colorado; Los Angeles, California) - September 10, 2012 - HREC Investment Advisors is pleased to announce it arranged the sale of the 222-guestroom Embassy Suites Anaheim North Hotel in Anaheim, California as the exclusive representative for FelCor Lodging Trust Incorporated.
The sale was negotiated by Bill Murney, Senior Vice President in HREC's Phoenix office and Michael Blahosky, Senior Vice President in HREC's Los Angeles office.
The Embassy Suites is located off the Riverside Freeway (California 91), approximately 5 miles from Disneyland and less than thirty minutes from LAX. The Riverside Freeway is one of the busiest freeways in Southern California, with average daily traffic volume of over 500,000, providing service between the Inland Empire and Orange County.
"We are very happy to successfully represent FelCor in this transaction. For the buyers, Urban Commons LLC, this represents their second hotel acquisition in Anaheim in the past 12 months. Urban Commons feels they can achieve significant upside when the full renovation of the entire property is completed," stated Murney.
About HREC: HREC is the nation's leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), and litigation support. With offices throughout North America, HREC is distinguished by unwavering commitment to client service through its team approach, intellectual capital and hotel/casino specialization. For more information, visit www.hrec.com.
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303-267-0057 ext. 100
HREC-Hospitality Real Estate Counselors
6400 S. Fiddler’s Green Circle
Greenwood Village, CO 80111
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