HREC Arranges Sale of Embassy Suites Atlanta Airport
Monday February 10th, 2014 - 9:41AM E
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ATLANTA—HREC Investment Advisors has arranged the sale of the 232 all-suites Embassy Suites Atlanta Airport Hotel here.
The hotel was sold on behalf of a subsidiary of FelCor Lodging Trust for $17.2 million to an affiliate of Houston-based WEDGE Hotels. Kana Hotel Group has been retained to manage the hotel. The hotel is located close to a number of corporate and group demand generators including Delta Airlines, Bank of America, DHL, Boeing Training and Flight Services, Coca-Cola Bottling Systems, Sysco Foods, and the Georgia International Convention Center.
Monty Levy, SVP, HREC Investment Advisors' Atlanta office, Bill Murney, SVP in the Phoenix office and Scott Stephens, COO & Senior Principal, in the Tampa office, exclusively represented the seller during the transaction.
Tags: HREC • Embassy Suites • Hospitality • Acquisitions •
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.