Hotel Online Press Releases 
Capstar Closes on $150 Million Medallion Hotels Portfolio

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

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