News for the Hospitality Executive |
ATLANTA/WASHINGTON, D.C., October 29,
2012—Hunter Hotels
announced today that it advised the owner on the sale of the Comfort
Suites in
Manassas, Va., in suburban Washington, D.C. Hunter represented a
national
special servicer as the seller of the 138-guest suite hotel to a
regional
multi-property owner. Lee Hunter, chief operating officer of
Hunter Hotels, led
the Hunter team, which included Kyle Stevenson from Hunter’s D.C.
office, on
the $7.3 million sale. Hunter generated nearly 20 offers for the
five-story hotel which is located at 7350 Williamson Boulevard just off
heavily
traveled Interstate 66. “Washington remains a strong hotel market
as does the
Eastern corridor from New England to Miami,” Hunter said. “We
also are
seeing an uptick in hotel real estate activity at our offices in the
Midwest,
Southwest and West Coast. California and Texas are particularly
active
now.” “As the hotel economy strengthens, we see
more and better
properties coming to market in all of our seven offices
nationwide. We
are currently seeing a flurry of activity from hotel owners who want to
complete sales before any potential changes take place in tax rates,”
said
Hunter. “We are also working with a substantial number of owners who
plan to
sell in the first and second quarter. We anticipate another
record year for
Hunter Hotels this year and next.” Additional information, including current
listings, is
available at the company’s website, www.HunterHotels.net,
or by contacting the Atlanta headquarters at 770-916-0300. Hunter is one of the nation's leading providers of specialty brokerage and capital market advisory services to the hotel industry. With seven strategically-located offices in major metropolitan areas—New York, N.Y., Washington, D.C., Atlanta, Ga., Miami, Fla., Chicago, Ill., Dallas, Tex., and Los Angeles, Calif.—Hunter's seasoned professionals leverage their combined depth of experience, national reach and local knowledge to assist all types of hoteliers and investors. For over 35 years, this highly specialized firm has successfully advised hundreds of clients through all economic cycles and market conditions. www.hunterhotels.net. |
Contact: Jerry Daly media (703) 435-6293 [email protected] |