| Boston, Massachusetts � April 20, 2006 � Pinnacle Realty Investments
(PRI) announced that the firm acted as advisor on over $400 million in
hotel transactions during the first quarter of 2006. The transactions
included the world famous Hay Adams Hotel in Washington, DC, a portfolio
of six full-service hotels located throughout the western states, a Renaissance
hotel, and a Sheraton Four Points.
Matthew Kenney, Managing Partner for PRI noted that this was a banner period for the firm. �We�re very proud of these deals because they show the breadth of our abilities�, said Kenney. �These were all very different deals in different geographical areas,� Kenney continued, � We did a lot of in-depth research to make sure that we thoroughly understood the nuances of each transaction in order to effectively identify and communicate with prospective purchasers.� In 2005 Transaction volume for Pinnacle Realty Investments topped $1.4 billion. Kenney indicated that the strong start to the year bodes well for a similarly strong 2006. �Our focus is on the client not the size of the deal, as a result, our clients keep coming back to us with more and more exciting and challenging opportunities,� said Kenney.
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