Monday February 10th, 2014 - 9:41AM
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.