Capstar Closes on $150 Million Medallion Hotels
NEW YORK, NY (January 7, 1998) President Paul Jones (Atlanta)
and vice president Sean Hennessey (New York) of Hotel Partners have confirmed
the sale of New York City-based Medallion Hotels' six-hotel portfolio to
CapStar Hotel Company, for a final sales price of $150 million. Hotel
Partners was the exclusive agent for Medallion Hotels in this transaction.
The Medallion portfolio includes six upscale, full-service hotels in
major metropolitan markets four in Texas, one in Oklahoma and one
in Kentucky. The portfolio includes:
About Hotel Partners International Chicago-headquartered Hotel Partners
International is the world's premier hotel investment advisory firm.
Services provided to the hospitality investment industry include individual
hotel and portfolio acquisition and disposition, debt and equity financing,
mergers and acquisition support and asset management. Hotel Partners
has offices in Atlanta, Boston, Chicago, Dallas, Hong Kong, Honolulu, London,
Los Angeles, Miami, New York, Singapore and Tokyo.
Jim Burba, Senior Vice President, Director of Development @ 714.553.0808
Kurt Lindsey, Publicity Coordinator, Marketing Associate @ 212.687.5500
the 382-room Houston Medallion Hotel,
the 296-room Dallas Medallion Hotel,
the 249-room Midland Hilton and Towers,
the 237-room Austin North Hilton and Towers,
the 399-room Oklahoma City Medallion Hotel
the 322-room Seelbach Hotel in Louisville.
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