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& Conference Center |
McLean, Virginia � January 24, 2005 � Molinaro Koger announced today
that they advised an investment partnership led by Lane Hospitality and
LNR Property Corporation in the sale of the Hilton College Station &
Conference Center, College Station, Texas. JER Partners purchased the 303-room
property, which will retain the Hilton flag and be managed by Sage Hospitality.
�Given the property�s excellent cash flow, strong brand affiliation and recent $6 million renovation, the Hilton attracted significant investor interest,� said Mark Rome, Vice President of Molinaro Koger�s Dallas office. The Hilton College Station has 303 rooms, 28,000 square feet of meeting space, an exercise facility, the Bell Ranch Steakhouse restaurant, an outdoor swimming pool, a business center and a gift shop. For further information about this transaction and current listings, please contact Molinaro Koger at 703.760.9600 or via www.molinarokoger.com. About Molinaro Koger
Molinaro Koger is an international hotel real estate advisory firm. The company structures hotel transactions of boutique through luxury market segment assets throughout the Americas and Europe. MK is headquartered in metro-Washington, DC, and has offices in London, Atlanta, Chicago, Cincinnati, Dallas, Los Angeles and Phoenix. Over the past decade the firm has captured the industry�s leading hotel transaction awards including Highest Volume, Largest Transaction and Salesman of the Year. 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. Through this time, the company has grown and assisted clients in achieving their investment goals. �With each lodging real estate cycle we gather strength, expertise and contacts enabling us to better serve our clients best interests, regardless of economic highs or lows,� says President Rob 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.mkhotels.com. |
Molinaro Koger
Sharon Lemon
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