Atlanta, Georgia, June 1, 2005 � Thompson Calhoun Fair announced today
that they advised multiple sellers in the disposition of nine hotels during
the month of May. Located in urban and suburban markets across the
country, the properties comprised 1,882 rooms, which included these assets:
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Howard Johnson Greensboro, NC 175 rooms
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AmeriHost Inn Pella, IA 60
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Econo Lodge Kannapolis, NC 71
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Fifth Season Inn Ft. Smith, AR 138
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Hawthorn Suites Orange County, CA 142
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Hampton Inn Hilton Head, SC 125
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Microtel Inn McDonough, GA 51
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Holiday Inn Woodlawn Charlotte, NC 425
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Days Inn Lakeside Orlando, FL 695
Al Calhoun, a principal of the firm stated, �Our pace of closings continued
to escalate as we entered the 2nd Quarter of 2005. Assuming the favorable
economic environment remains, we expect to double the number of closings
had in 2004. We see buyer demand across all segments of hotel offerings.
Our clients see this as an excellent time to dispose of non-core assets
or balance their portfolios.�
| About Thompson Calhoun Fair
Thompson Calhoun Fair was formed to focus on servicing the transaction
needs of clients in the mid-tier segment of the hotel industry, those ranging
from $5 to $30 million in asset value. The three principals, H. Keith Thompson,
Al Calhoun and Mark G. Fair, each bring over 20 years experience in virtually
all disciplines of hotel real estate, and are widely regarded as the highest
producing brokers in the industry in the mid-tier segment. Thompson Calhoun
Fair can be found on the Web at www.tcfhotels.com. |
From the left - Al Calhoun, Mark G. Fair (sitting),
and H. Keith Thompson |
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