Convention Center Hotel in Visalia, California
DIEGO, California -February 29, 2006 - Neptune Hospitality Advisors, Inc.
is pleased to announce that it has arranged the sale of the Radisson Convention
Center Hotel in Visalia, California. The 201-room hotel sold to Presidian
Companies. Presidian plans to convert the hotel into a Marriott Hotel following
a $6.2 million renovation. The hotel was sold by Heritage Hotels and Resorts.
"This sale represents another successfully structured transaction for Neptune Hospitality Advisors. California continues to be one of the hottest hotel markets in the country. Because of the strength of the market, California hotels continue to fetch some of the highest prices in the country," commented Mr. Armstrong.
Neptune Hospitality Advisors is a real estate investment bank dedicated to the hotel industry. As a boutique, client-focused firm, Neptune provides a principal-to-principal focus and a sophisticated approach to providing investment sales, financing and capital raising services, and advisory services to the hospitality industry.
The Aventine Building
8910 University Center Lane
San Diego, CA 92122
P. (858) 964-5678
F. (858) 964-5679
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|Neptune Hospitality Advisors Arranges Sale of Downtown San Diego Hotel / June 2005|
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