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 Hialeah Ramada Inn Snagged by JEB Hotel Associates
 
Miami, Fla., March 1998  Hotel Partners International is pleased to announce the sale of the 255-room Ramada Inn in Hialeah, Florida.  The full-service Ramada was sold by Hialeah Hotel, Inc. to JEB Hotel Associates, Ltd., for a total sales price of $4.75 million.  Scott Stephens of Hotel Partners represented the seller in the hotel transaction.  The underlying land was flipped in a separate transaction.

The Ramada Inn Hialeah, 1950 West 49th Street NW,  is located across from Westland Mall and three miles from Hialeah Race Track in a predominantly commercial district southwest of downtown Miami.

About Hotel Partners International  Hotel Partners International is the world's premier hotel investment advisory firm.  Services provided to the hospitality investment community include individual hotel and portfolio acquisition and disposition, debt and equity financing and asset management.  Hotel Partners has offices in Atlanta, Boston, Chicago, Dallas, Frankfurt, Hong Kong, Honolulu, London, Los Angeles, Miami, New York, Singapore and Tokyo.

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Contact:
Jim Burba  
SVP, Director of Development 
714-553-0808
Kurt Lindsey
Marketing Associate 
212-687-5500
email: kurt.lindsey@hotelpartners.com
 


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