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Jones Lang LaSalle Hotels Select Service Division
Closes a Nine-Property Hampton Inn Portfolio
ATLANTA – January 11, 2006 – Jones Lang LaSalle Hotels Select Service Division announced today that they advised Mercury Investment in the disposition of a portfolio of nine Hampton Inn Hotels in the month of December.  The hotels were sold to Encore Enterprises for $100 Million.  Located in various markets across the country, the properties comprised 1,238 rooms, which included the following assets:
Hampton Inn Buckhead  Atlanta, GA  154
Hampton Inn Atlanta Airport  Atlanta, GA 129
Hampton Inn Cumberland Mall  Atlanta, GA  127
Hampton Inn Newark Airport  Newark, NJ  151
Hampton Inn Philadelphia  King of Prussia, PA  146
Hampton Inn Raleigh North  Raleigh, NC  128
Hampton Inn San Antonio Six Flags  San Antonio, TX  120
Hampton Inn Meadowlands  Secaucus, NJ  150
Hampton Inn Tampa Airport  Tampa, FL  133
“We are very pleased with the nine-property Hampton Inn portfolio sale. This transaction represents the very essence of Select Service hotel real estate today where brand, box and locale are the core value creation factors. These were very desirable assets in the Hampton Inn system and five of the nine were non-replaceable. This represents a large transaction for the purchaser, Encore Enterprises of Gulfport, Mississippi, and a timely disposition for the seller,” said Keith Thompson, one of three managing directors for Jones Lang LaSalle Hotels’ Select Service Division. “Although the average sales price per room was $81,000 on the portfolio as a whole, the per property allocation represented below replacement cost for several of the properties while exceeding replacement cost for the non-replaceable assets. The purchaser anticipates strong accretive value through per-property focused management and increased sales through their unique marketing abilities.” 

“The sale was a strategic disposition by the seller allowing them to reallocate capital for other non-hotel acquisition opportunities,” said Chris Dewey, vice president for Jones Lang LaSalle Hotels’ Select Service Division.

About Jones Lang LaSalle Hotels

Jones Lang LaSalle Hotels, the world’s leading hotel investment services group, provides clients with value-added investment opportunities and advice. In the US, Jones Lang LaSalle Hotels is ranked as the leading transaction advisor for hotel sales over $25 million. In 2004, its global success story includes the sale of 23,103 hotel rooms to the value of US$5.2 billion in 85 cities and advisory expertise on 132,498 rooms to the value of US$27.9 billion across 301 cities. Jones Lang LaSalle Hotels’ services include transactions, mergers and acquisitions, financial advice and capital raising, valuation and appraisal, asset management, strategic planning, operator assessment and selection and industry research. Jones Lang LaSalle (NYSE: JLL) is the world’s leading real estate services and investment management firm, operating across more than 100 key markets on five continents.


Keith Thompson
Jones Lang LaSalle Hotels
3414 Peachtree Road NE
Suite 1505
Atlanta, Ga. 30326

Also See: Jones Lang LaSalle Hotels Select Service Division Closes 10 Hotel Transactions / October 2005
Jones Lang LaSalle Hotels Select Service Division Closes Seven Hotel Transactions / July 2005

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