News for the Hospitality Executive
Scottsdale, AZ - July 11th, 2011 - Paramount Lodging Advisors is pleased to announce the sale of the 83-room Country Inn & Suites Tempe/ASU, AZ. Paramount Lodging Advisors Managing Director Lloyd Farley represented the seller, Hallmark Inns & Resorts, in the transaction. The property transacted at $4,100,000. This represented a cumulative price per room of $56,626 including the cost of the PIP. The Country Inn & Suites was purchased by Manchester Alliance Group who plans to operate the asset as a Country Inn & Suites.
Paramount Lodging Advisors (HQ Chicago, IL) specializes in full service hotel brokerage and advisory, debt and equity sourcing, international hospitality executive search and asset management advisory. For additional information, visit www.paramountlodging.com
Paramount Lodging Advisors