|
News for the Hospitality Executive |
| ATLANTA, Ga.,
March 7, 2012—Officials
at Hunter Realty today announced that it represented the buyer, Summit
Hotel
Properties, in the acquisition of the 130-room Hilton Garden Inn –
Liberty Park
(Birmingham, AL) and the 95-room Hilton Garden Inn – Lakeshore Drive
(Birmingham, AL). Summit plans to renovate both hotels and
continuing
operating under the Hilton Garden Inn brand. HP Hotels will
remain as
manager of the properties. “These assets fit well with Summit’s
overall
strategy,” said Lee Hunter, COO of Hunter Realty, who handled the
transaction. About Summit Hotel Properties Summit Hotel Properties, Inc. is a self-advised real estate investment trust focused on acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments. As of February 28, 2012, the company’s hotel portfolio consisted of 73 hotels with a total of 7,469 guestrooms located in 20 states. Additional information about Summit may be found at the company’s website, www.shpreit.com. About Hunter Realty Hunter Realty, an award-winning hotel investment advisory firm founded in 1978, has offices in Atlanta, Dallas, Los Angeles, Miami, New York and Washington, D.C. Additional information, including current listings, is available at the company’s website, www.HunterHotels.net, or by contacting the Atlanta office at (770) 916-0300. |
| Contact: Chris Daly or Jerry Daly (media) (703) 435-6293 |