HREC Investment Advisors Arranges Sale of Former Sheraton
Friday April 25th, 2014 - 9:28AM FH
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CHARLESTON, SC—HREC Investment Advisors arranged the sale of the 289-room former Sheraton Charleston Airport Hotel here, which is operating on a temporary basis as an InnPlace Hotel.
SVP Monty Levy, VP Paul Sexton and COO/Senior Principal Scott Stephens, exclusively represented the seller, an affiliate of LNR Partners, LLC, in this transaction.
The Hotel is located within the Greater Charleston market. with proximity to major revenue generators and off-site amenities, as well to the Charleston International Airport, historic downtown Charleston and the surrounding beaches.
Tags: HREC Investment Advisors • Charleston SC • Hospitality • Brokers • Ownership •
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.