Keyword: Hotel Brokers International
HVS Brokerage & Advisory, Milmark Hotel/Motel Investments and Marcus & Millichap arranged sales in Texas, Wisconsin and Florida.
Brokers remain upbeat about the direction of the hotel transaction business despite rumblings about the current cycle's end.
The 97-room La Quinta Inn & Suites Louisville (Ky.) Airport & Expo and the 38-room Days Inn in Plymouth, Ind., traded hands on Dec. 18.
The 99-room Days Inn and Knights Inn located in Frankfort, Ky., as well as the 42-room Carefree Inn in Lebanon, Ohio, were both sold in early March.
The 66-room hotel, which sold for the $2.9-million asking price, was acquired by a regional hotel investor.
The five-story, interior-corridor, full-service hotel sits on half a city block with 56,075 square feet of usable building space and visibility from Highway 99.
Crystal Investment Property, a licensed Oregon broker, exclusively represented the seller and the buyer in the sale.