HGI Sold to Peachtree in Tupelo, MS
Friday September 27th, 2013 - 10:24AM EF
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TUPELO, MS—The 158-room Hilton Garden Inn here was sold to Peachtree Hotel Group, which took over management of the property. HREC Investment Advisors represented Tom Ricketts and Master Hospitality Services, Inc. in the sale; Ricketts will retain a role as asset manager.. The sale was negotiated by Patrick Culligan, principal of HREC in Memphis and Scott Stephens, senior principal/COO of HREC IA in Tampa, FL.
Tags: • Hospitality • Acquisitions • Brokers •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.