• the Convention Center Hotel & Casino (Formerly Debbie Reynolds Hotel and Casino) in Las Vegas, Nevada (owned by WWF); 
• Marriott Renaissance Resort & Spa in Teton Village, Wyoming;
• Radisson San Gabriel Valley in Baldwin Park, California; 
• Sleep Inn in South Jordan, Utah; and 
• a hotel site in San Leandro, California. 

The 193-room Convention Center Hotel & Casino in Las Vegas, Nevada, was acquired by Convention Center Drive, LLC.  Jack Carr and Harry Pflueger of Insignia/ESG Hotel Partners represented the seller, WWF Hotel & Casino Ventures, LLC in this transaction.  The property is a short walk from the Las Vegas

Convention Center Hotel & Casino

Jack Carr also advised in structuring a joint venture agreement for the 101-room Marriott Renaissance Resort & Spa in Teton Village, Wyoming. Carr represented Soujourner Lodge Management in its joint venture arrangement with Vail Associates, Inc.  The hotel is located at the base of the mountain in Teton Village and

Marriott Renaissance Resort & Spa at Jackson Hole

In another transaction, the 198-room Radisson San Gabriel Valley in Baldwin Park, California, was acquired by Kam Sang Company.  Harry Pflueger represented the sellers, affiliates of Westmont Hospitality and ING Barings in this transaction.  The hotel will be renovated and repositioned to better serve the local community.  The transaction involved restructuring a securitized loan.

The 68-room Sleep Inn in South Jordan, Utah, was acquired by a private company with other hotels in Salt Lake City.  Jack Carr represented the seller in this transaction.  The property is adjacent to Interstate 15, with excellent visibility.  The buyer intends to renovated the hotel and continue the affiliation with Sleep Inn.

Finally, in San Leandro, California, Jeffrey Roe of Insignia/ESG Hotel Partners represented the seller, Stan Boersma, a Bay Area developer, in the
sale of a 2± acre site located six miles south of Oakland International Airport.  

The original undivided site (5.47± acres) was subdivided into two parcels with approximately two acres designated for the hotel development and the balance of the parcel approved for an Allsafe Self Storage Facility of 120Tsf.  The seller owned the land for more than 12 years and had to preserve an important historic Victorian home situated on the site in order to complete the parcel split.  The buyer, Amin Group, is an active Bay Area hotel developer and plans to construct a 120-room Hilton Garden Inn.

Lewis C. Miller, senior managing director and practice leader of Insignia/ESG Hotel Partners, commented, �The variety of properties represented in these recent transactions - convention hotel, casino, destination resort, spa, full-service upper-tier hotel, hotel site and limited-service property - reflects the cross-section of hospitality real estate product we service.  This high level of activity in the Western US, along with other recently announced sales completed by our firm in the Midwest, Northeast and South, emboldens our projection that the hotel transactions arena will see increased activity during the first quarter of 2001 and through the year.�

Insignia/ESG Hotel Partners is a leading full service real estate group for the hospitality industry, with brokerage, financing and advisory operations worldwide.  Insignia/ESG Hotel Partners operates out of offices in Atlanta, Boston, Chicago, Dallas, Kansas City, London, Los Angeles,
Miami, New York, San Francisco, Tampa and Washington, DC.  Insignia/ESG Hotel Partners is part of Insignia/ESG Capital Advisors Group, which focuses on investment sales and debt financing for major properties of all types.  Insignia/ESG is a subsidiary of Insignia Financial Group, Inc., a publicly traded real estate company listed on the New York Stock Exchange under the symbol, IFS.