 SAN
DIEGO, California - - December 22, 2006 - - Neptune Hospitality Advisors
announced today that it has arranged the senior acquisition financing for
the 568-room Four Points by Sheraton Los Angeles International Airport.
Neptune arranged the $38,500,000 fixed-rate loan through a national commercial
real estate lender.
The hotel was acquired by American Property Management Corporation (�APMC�). APMC is planning an extensive renovation and will continue to operate the hotel as a Four Points by Sheraton. Based in San Diego, APMC was ranked as the 8th largest hotel management
company in the April 2006 issue of Hotel Business magazine and the 5th
largest independent third-party hotel management company in the June 2006
issue of Hotel and Motel Management magazine. With a portfolio value
of over $1.5 billion, APMC currently owns and operates 45 lodging properties
encompassing over 12,000 rooms and employs over 5,500 personnel throughout
the United States and Mexico.
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