"We continue to seek to acquire upscale hotels and resorts in major markets and resort destinations," said Roger Clark, HEI Senior Vice President. "We have the flexibility and financial strength to structure unique transactions for both individual hotels and portfolios." 

Built in 2002, the 250-room hotel overlooks an artificial lake and is adjacent to a 36-hole golf course. Located off Interstate 595, four miles from the beaches, the hotel escaped the havoc wrecked by Hurricanes Charley and Frances. The property features an atrium lobby, a freeform pool, a fitness center, 24-hour business center and significant meeting space.

�Our marketing of the Renaissance generated significant investors� interest and competitive bidding,� said Rob Koger President of Molinaro Koger. �HEI was successful in obtaining the asset because they were able to quickly evaluate the opportunity and meet the seller�s needs.�

For further information about this transaction and current listings, please contact Molinaro Koger at 703.760.9600 or via www.molinarokoger.com.

About LNR Property Corporation
LNR Property Corporation, with over $3 billion of assets, is a leading real estate investment, finance and management company. LNR maintains the highest special servicing ratings issued by Fitch and Standard & Poor�s, and is responsible for special servicing 141 CMBS investment pools representing over $134 billion of original principal balance and approximately 16,700 loans located across the U.S. and in Europe.

About HEI Hospitality
HEI Hospitality, headquartered in Norwalk, Conn., is an ownership/investment firm that owns and/or operates 22 first-class and full-service hotels throughout the United States under such well-known brand names as Marriott, Sheraton, Westin and Hilton. Merritt Hospitality is an independent hotel management company and a wholly-owned subsidiary of HEI Hospitality. 

About Molinaro Koger
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Joseph Molinaro founded the firm in 1959, and since then Molinaro Koger has successfully marketed hotel real estate, sponsored limited partnerships, and arranged financing for purchasers. Given the cyclical nature of real estate, the firm has weathered an array of highs and lows during the course of its 45-year history. Throughout that time, the company has grown and assisted clients in achieving their investment goals.

�In each portion of the cycle we gather strength, expertise and contacts. We are able to serve our clients best interests regardless of economic highs or lows,� says President Robert Koger. �The results we achieve are directly attributable to the commitment and expertise of our professional staff.�

Molinaro Koger can be accessed online at www.molinarokoger.com.